Fort Lauderdale apartment complex planned near Westin Hotel
The Westin Hotel in northern Fort Lauderdale may soon get a neighboring luxury apartment complex with 340 units complete with a community park, wellness track and dining plaza, according to an application filed with the city.
Aura Cypress Creek is being considered by Trinsic Residential Group of Dallas, which has already established high-end projects in Boca Raton and Lantana, and is expected to open one in Delray Beach early next year, according to the website. the society.
Jacob Shotmeyer, a company executive, declined to comment.
But according to an application filed with the Fort Lauderdale Development Review Board, which is due to hear the plan on Tuesday, the land to be occupied is 400 Corporate Drive and would cover 6.8 acres. The site is next to the 298-room Westin, a few yards east of I-95 on the north side of Cypress Creek Road. Dixie Highway, the Florida East Coast Railway and Pinecrest School are a short distance to the east.
The Westin, with its restaurants, businesses and meeting rooms, would remain where it is, according to the application.
“The new development will be built over the existing surface parking lot and will consist of a mid-rise mixed-use development with up to 340 multi-family units and commercial space on the ground floor,” the application states. “The addition of residences to this site will make it a well-balanced mixed-use development that will include hotels, meeting spaces, restaurants, retail/office and residential uses.”
No rendering of the project was immediately available.
But a master plan compiled by Landscape Design Workshop of Boca Raton, which designed Aura Delray Beach and drew the mission for Aura Cypress Creek, lists a “dining place” with barbecue, an “outdoor living room”, a special garden and a swimming pool suitable for water sports among the amenities in addition to the community park and wellness track. At the edge of the swimming pool, the deckchairs can benefit from 10 x 10 cabanas.
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The neighborhood is not far from the Tri-Rail station which is on the west side of I-95 off Andrews Avenue and south of Cypress Creek.
Aside from the nation’s economic turmoil, multi-family developers are still keen to build in South Florida, bankers say, because they fear there may be no oversupply of housing in the area.
JC De Ona, president of the Florida division of Centennial Bank, who was not involved in the project, does not foresee a “major slowdown” in multifamily and luxury residential developments, “even with rising interest rates “.
But like a number of other multi-family developers looking to build in South Florida, Trinsic has had to compete for rare earths in Broward County and elsewhere in the region.
Trinsic, according to the request, enters into an agreement to purchase the land from an entity called PFL VII LLC of Cranston, Rhode Island.
Before construction can begin, the Fort Lauderdale City Commission and Broward County Commission would need to approve a permitted land use change to allow for a more densely populated project and mixed-use components.
Once the apartments were built, Westin guests and apartment residents would use the same new parking lot.