OKO Group, Cain International Break Ground On 34-Story One River Luxury Apartment Tower in Downtown Fort Lauderdale

OKO Group and Cain International have broken ground on their next joint venture development, One River Fort Lauderdale, a 34-story tower located at 629 Southeast 5th Avenue that will yield 365,203-square-feet including 251 high-end apartments, 2,600 square feet of ground level retail space and a 6-story, 337-space parking garage. On Friday, July 22nd, a ceremonial groundbreaking was held at the site to commemorate the start of construction. Notable attendees included City of Fort Lauderdale Mayor Dean Trantalis, and Vice Mayor Ben Sorensen. The groundbreaking announcement follows recent news that the development team secured $97.2 million in financing from Bank OZK and JVP Management to help fund construction of the tower. Construction is expected to be completed in late 2024.

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Mast Capital Gets FAA Approval For 940-Foot-Tall Cipriani Residences And 693-Foot-Tall Multifamily Towers At 1420 S. Miami Avenue In Brickell

Miami-based Mast Capital received building permit approvals from the Federal Aviation Administration for two structures located at 1420 South Miami Avenue in Brickell, where the firm is planning a 2.6-million-square-foot mixed-use development with three towers across a 2.76-acre site. The tallest structure, the 80-story condominium dubbed Cipriani Residences, will rise 940-feet, or 950-feet above sea level. The second structure, a 59-story apartment tower, will top out at 693-feet, or 710-feet above sea level. Aeronautical studies conducted by the FAA revealed neither of the two structures would have any adverse effects on the navigable airspace.

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