PARAMOUNT Fort Lauderdale Beach Over 60 Percent Sold Out

PARAMOUNT Fort Lauderdale Beach, a 95-unit luxury oceanfront condominium development has more than 60 percent of its residences under contract, as announced by OneWorld Properties, the project’s exclusive brokerage.

PARAMOUNT Fort Lauderdale Beach, a 95-unit luxury oceanfront condominium development, has more than 60 percent of its residences under contract, announced OneWorld Properties, the project’s exclusive broker.

The 18-story tower is being built at 700 North Atlantic Boulevard in Fort Lauderdale, on the site of the former Howard Johnson Hotel that was brought down last February. Being developed by Encore Housing Opportunity Fund and developer Daniel Kodsi, the project broke ground in December 2014, and it is slated for completion in winter 2016.

The high-tech development offers two-, three- and four-bedroom floor plans with up to 4.5 baths. The residences range in size from 1,910 to 3,474 square feet. Priced from $1.2 million, the condos will feature a wide array of luxury amenities including several private pools, cabanas and club privileges, a fully-equipped gym and ground-floor restaurant. Residents will have private elevator access with private vestibules, ocean views with 10-foot ceilings in all units, along with outdoor living rooms and designer kitchens including quartz countertops. The site is within walking distance of popular area restaurants, boutique shops and entertainment venues.

OneWorld Properties President and CEO Peggy Fucci attributes the elevated demand to the highly sought-after waterfront location of the asset. “Buyers are taking notice of Fort Lauderdale’s resurgence and the sophisticated oceanfront living options now available,” she said in a press release. “We have seen pent-up demand for this unique type of luxury product and are confident that sales will continue to reflect this for the remainder of the year.”

Image source: paramountresidences.com