Residential


New Leaf Development Files Plans For ‘The Muse Tower’ At 416 NE 1st Avenue In Flagler Village, Fort Lauderdale

Brooklyn-based New Leaf Development (New Leaf), led by developers John Russo and Joseph Scarpinito, has officially filed plans for The Muse Tower, a slender 30-story condominium development proposed for 408-410 and 416 Northeast 1st Avenue in Flagler Village, Fort Lauderdale – Broward County. Located between Northeast 1st Avenue and Northeast 2nd Avenue, and just north of Northeast 4th Street, the 382-foot-tall structure would comprise over 210,000 gross square feet of space including 112 residential units, 854 square feet of commercial space for an art gallery, and a parking garage for 137 vehicles. The eye-catching modern design of the tower is by New York-based INOA Architecture (INOA), led by founder and principal Murat Mutlu, and Deerfield Beach-based R-Method is the architect of record.

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Cymbal DLT Lands $32 Million Construction Loan To Break Ground On Riverwalk District Project In Fort Lauderdale

Miami-based real estate development and construction firm Cymbal DLT Companies closed on a $32 million loan from 3650 REIT that will allow it to officially prepare for the groundbreaking of its highly anticipated billion-dollar Downtown Fort Lauderdale Riverwalk district project. The first phase of the project, Riverwalk Raintree Residences, is slated to break ground on its first building in the summer of 2023. It will include two eco-friendly, mixed-use multifamily apartment towers of 28 stories and 29 stories by acclaimed architecture firm Jo Palma + Partners comprising a combined 677 residential units and 21,000 square feet of commercial space. The second phase will include an Arquitectonica-designed branded condominium tower, a branded full-service hotel, a branded yacht valet and yacht club, membership clubs, and significant food and beverage operations, which will be announced next year.

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