Kolter Group has broken ground for 100 Las Olas, a mixed-use tower that would be Fort Launderdale’s tallest building.
The building will rise 499 feet in 46 stories. It will have 121 condos and 238 rooms in a Hyatt hotel.
Dodge Data & Analytics has listed the value of 100 Las Olas’ building permit at $152 million.
The project will also have 8,500 sq. ft. of restaurants and retail on the ground floor, plus separate pool decks for the condo residents and hotel guests.
“We are seeing great demand for condos at this coveted urban address,” Bob Vail, president of Kolter Urban, told South Florida Business Journal. “Downtown Fort Lauderdale has emerged into a strongly desired destination offering a full array of lifestyle, economic and cultural diversity, employment, fine dining, world-class shopping and incredible performing arts venues. There is no doubt that 100 Las Olas will redefine the city’s skyline as well as redefine urban living in Fort Lauderdale.”
The developer acquired the 38,325-square-foot site in 2015 for $17.25 million.