New Condo-Hotel Coming to Las Olas Boulevard

New Condo Hotel Las OlasWhen I first moved to Florida in 2001 I went to work on Las Olas Blvd. in Ft. Lauderdale. My office was on the 8th floor of the Suntrust Building at 515 East Las Olas and it had partial water view. This experience was so different from my life in New York, where I had lived my entire life, that I was almost overwhelmed. But I mean that in a good way, never imagining the beauty and quieter pace of Florida life. I instantly took to it and always have a soft spot for that area ever since. Even back then it was painfully obvious that there was one grassy lot that was very out of place in the middle of all the buildings. Strangely, it has taken all of 14 years for development to come to that very desirable and valuable piece of dirt. But the time has finally come and Kolter Group picked it up for a mere $17.25 million.

They are planning on building a condo hotel there which will feature retail on the ground floor. Plans haven’t been released yet or the brand of the hotel. This will be just the 2nd hotel on Las Olas, breaking the Riverside Hotel’s long running monopoly there. It is expected to have facilities to accommodate business and leisure travelers. Kolter currently operates 4 other hotels in South Florida. This is great news for Downtown Ft. Lauderdale and truly long overdue. The location is fantastic, allowing guests to walk to businesses, restaurants and entertainment. I can’t wait to see what they come up with here, and I guaranty it will be successful whatever it is. It has been a long time but Ft. Lauderdale is finally growing up after all these years.

That said, there is a lot more to come once they figure out what will become of the Riverfront site. Very exciting stuff indeed. As always thanks for reading and have a great day.

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