In the early part of this decade, Fort Lauderdale beach saw a boom in condo-hotel building. A condo-hotel is a fee simple ownership in property, with limited use restrictions and an opportunity to obtain residual income through the leasing of your unit to hotel guests when not occupied. Condo-hotel property is not for every investor. Properties are typically in prime tourist location areas, and hence carry a premium price. Monthly fees and taxes are the same for these properties as it would be for a standard condo. However, for those investors who would take advantage of truly maintenance free living, and an on-site concierge staff to answer to your beck and calls, condo-hotels are an attractive purchase.
. Situated directly on Fort Lauderdale’s world famous beach, this building was completed in 2008 and was slated to be a Trump International property. Donald Trump pulled his name from the 24-story tower after a series of lawsuits and a bankruptcy filing.
Originally designed by renowned architect Michael Graves, the property is being updated with spectacular new architectural and design features by the acclaimed architectural firm Garcia Stromberg in collaboration with interior design firm Edge of Architecture. Upgrades include a magnificent porte cochere entrance with 24-hour valet service, an enhanced lobby experienced and a striking new glass-encased meeting and banquet area connecting the resort property’s two towers three stories above ground level.
Sales details are just being finalized on this incredible property. I’ve previewed all the units, and was impressed by the existing quality of the property and the proposed enhancements. The outside balcony spaces are beautiful, with ocean or intercoastal views from all units above the 4th floor. The pool deck is enormous, and will have two outside bar areas with table seating.
The interior features of the units will contain:
- Fully furnished
- Finished kitchens with Sub-Zero refrigerators and Wolfe cooktops
- Marble entry foyer
- Luxurious bathrooms with marble vanity tops, separate showers and baths
- Private owner’s storage
- Flat Screen TV
- Spacious private balconies
Completion is scheduled for mid-2015. The Conrad $34 million renovation has already begun, and now is the time to buy your own piece of Fort Lauderdale paradise.
Contact me today at 954-632-5100 for more information on this great opportunity.