The Related Group is in the process of building Icon Las Olas, a 45-story luxury apartment building in Downtown Fort Lauderdale. The building is located on Las Olas Boulevard on the Tarpon River next to Stranahan House Museum. There will be retail and restaurants on the ground floor, followed by a 7-floor parking garage. The 8th floor will consist of the buildings amenities, such as fitness center, pilates & spinning studios, business center and more. Living units start on the 9th floor and rise to the 45th floor penthouse units. A rooftop infinity edge pool will have some of the most spectacular views in Fort Lauderdale, affording residents with both sunrise and sunsets. Construction is slated for completion late 2017 or early 2018.
There are 6 floorplans, with layouts ranging from a 960 sq. ft. 1-bedroom apartment to a 1,926 sq. ft. 3-bedroom suite. Units will all have 10 ft. ceilings, hurricane impact windows, granite countertops, stainless appliances, and European cabinetry.
I met with the developer’s agents about 2 weeks ago, and this building is still slated to be a luxury rental apartment. However, they are gauging interest by buyers and agents in the area. If the developer feels there is enough interest, some or all units could transition to a condominium purchase option. That decision will not be made until the early part of 2017.