Waving the American flag, the final beam topped off PARAMOUNT Fort Lauderdale Beach, making it the first luxury high-rise residential condominium project on Fort Lauderdale Beach in more than a decade.
On Monday, the PARAMOUNT Fort Lauderdale Beach development team joined the construction team and government officials to celebrate the topping off of the 18-story, 95-residence luxury tower.
The team broke ground on the oceanfront building in December 2014 and the residences will be delivered to residents in the summer.
“We are thrilled that we have reached this exciting construction milestone precisely on schedule,” said developer Daniel Kodsi. “It has been a long time since a project of this magnitude has come to life on Fort Lauderdale Beach. We are looking forward to the final few months of construction and our grand opening.”
Developer Nitin Motwani thanked local elected officials including City of Fort Lauderdale Mayor Jack Seiler and Broward County Commissioner Chip LaMarca for their support.
“When we got involved with this project, we wanted to make sure that we had the support, as my family always does, of our community and including our elected officials who work so hard to make sure that we support economic development but do it in the right way,” he said.
Mayor Seiler recalled the project’s groundbreaking. “At that time we were talking about just the excitement, the enthusiasm, the energy that existed on this property. And here we are, we’ve come back and you see it live and you see it. It’s real. It’s actual,” he said. “And now the neighborhood feels that same energy, enthusiasm, excitement.”
Located at 701 N. Fort Lauderdale Beach Boulevard (A1A) south of Sunrise Boulevard, the development sits on a prime, 2-acre location overlooking the Atlantic shoreline and lush landscaping of Bonnet House Museum & Gardens. The setting offers sophisticated city living within walking distance of popular area restaurants, boutique shops and entertainment venues while providing an exceptional beachfront lifestyle.
“We have had more than 700 employees working on this project to bring it to a successful, on-time completion,” said Whitt Markum, project executive with Stiles Construction. “We have poured more than 27,000 yards of concrete to make it to the top of the building. We now look forward to focusing on interior unit completion and our expansive pool deck.”
With its prime location and unbeatable amenities, PARAMOUNT Fort Lauderdale Beach is now 85 percent sold. Two two-bedroom units offering stunning ocean views remain. These residences are 1,910 square feet indoors with 545 square feet of balcony space, large enough for a full dining table and outdoor living room area. Prices for those begin at $1.65 million. Additional three- and four- bedroom residences reach 2,626 to 3,474 square feet and begin at $1.7 million. One remaining custom-designed penthouse priced at $9 million is also available.
“The fact that this is the first project to rise on Fort Lauderdale Beach in more than a decade is incredibly exciting and important for the city,” said Peggy Fucci, president and CEO of OneWorld Properties, PARAMOUNT’s exclusive brokerage. “The topping-off ceremony is a momentous occasion for both our team and our buyers.”
As the first condominium tower in the surrounding area to not include a hotel component, PARAMOUNT Fort Lauderdale Beach will create a true residential enclave offering exclusivity yet still affording residents all of the family-friendly full-service amenities and hospitality of a resort. Those are multiple water features including the longest residential ocean-view pool with poolside food and beverage service, summer kitchens with barbecue grills, a fully equipped gym with massage and steam room, concierge services, club room with private dining room and catering kitchen plus a porte cochère with 24-hour valet.
PARAMOUNT Fort Lauderdale Beach is also partnering with LM Restaurants, Inc. to debut a Mediterranean-inspired restaurant concept on the ground floor of the oceanfront development.
For more information about PARAMOUNT Fort Lauderdale Beach, visit www.PARAMOUNTresidences.com or contact us for a private showing at 954-514-7492. The sales gallery is located at 3020 NE 32nd Ave., Suite 117, in Fort Lauderdale.[/vc_column_text][/vc_column][/vc_row]