MICL Group and Admire Capital have officially unveiled plans for a new luxury condominium project, The Ritz-Carlton Residences, Fort Lauderdale Beach. This dual-tower development promises an exclusive waterfront lifestyle with residences starting at $2.5 million, marking a significant addition to Fort Lauderdale’s upscale real estate market.
Key Takeaways
- A new 13-story, dual-tower luxury condominium project featuring 83 residences.
- Located at 551 Bayshore Drive, offering prime waterfront views between the Atlantic Ocean and Intracoastal Waterway.
- Residences range from two to three bedrooms, with prices starting at $2.5 million.
- Extensive amenities include pools, a zen garden, private cabanas, and access to Ritz-Carlton services.
Prime Waterfront Location
The Ritz-Carlton Residences in Fort Lauderdale Beach is set to rise at 551 Bayshore Drive, a coveted location nestled between the Atlantic Ocean and the Intracoastal Waterway. This area is a vibrant hub for leisure and boating, surrounded by numerous dining and retail establishments. Its strategic position also offers convenient access to Fort Lauderdale-Hollywood International Airport, located just 7 miles away, and downtown Miami, approximately 31 miles distant.
Exquisite Residences and Penthouses
The development will feature two 13-story towers comprising 83 luxury condominiums. These residences will offer two to three bedrooms, with interior spaces ranging from 1,550 to 3,480 square feet. Each home is designed with high-end finishes, including terraces, floor-to-ceiling sliding doors, wide-plank white oak flooring, walk-in closets, and bathrooms equipped with freestanding tubs. Select units will boast panoramic ocean views, private elevator lobbies, and separate service elevators. The project also includes six exclusive penthouses, featuring ceiling heights up to 11 feet, private rooftop terraces, and personal swimming pools.
Unparalleled Amenities and Services
Residents of The Ritz-Carlton Residences will enjoy a comprehensive suite of indoor and outdoor amenities. The outdoor spaces include two swimming pools complemented by a zen garden, a bar, and private cabanas. Dock slips will also be available for boat owners. Indoor facilities will feature a resident lounge with a fully equipped kitchen, a conference room, and a dedicated children’s playroom. Furthermore, residents will have access to the renowned services of The Ritz-Carlton, along with a curated program offering travel, cultural, and wellness activities, as well as yacht and golf services.
A Thriving Luxury Condo Market
The unveiling of The Ritz-Carlton Residences aligns with the continued strength of Florida’s luxury condominium sector. Recent developments in the Miami area, such as Ponce Park and Frida Kahlo Residences, highlight ongoing investment in high-end properties. Additionally, a significant $360 million construction financing package was recently secured for the Four Seasons Hotel and Residences in Jacksonville, underscoring the robust demand for luxury waterfront living across the state.