Newgard Development Group is developing the Gale Residences Fort Lauderdale Beach, a luxury condominium project with 129 finished residences at 401 Bayshore Drive, a block from the beach.
Site and foundation work began in April 2016, with the official groundbreaking in August. The 12-story project is more than 70 percent sold, with construction currently at the fourth floor.
The building’s one-, two- and three-bedroom residences range from 800 to 2,100 square feet. Prices start in the $500,000s.
The project is located next to the former Escape Hotel, a historic building that is being rehabilitated and rebranded as a Gale property. The brand already has a hotel on Miami Beach.
Original South Florida Business article here