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Society Las Olas Phase II
Update
07/19/23
Developers Receive $226 Million Construction Loan for Apartment Tower in Fort Lauderdale
A joint venture development between PMG and Greybrook has obtained a $226 million construction loan for a new apartment tower in Fort Lauderdale. The financing was provided by Related Fund Management and Lubert-Adler. Society Las Olas Phase II will add 563 new luxury apartments along with 1,652 square feet of ground-floor retail space. Community amenities will include a fitness center, pool deck, yoga lawn and a coworking lab with private meeting rooms. A mobile app for residents will provide keyless entry and allow residents to adjust thermostats, manage guest lists, manage payments, request maintenance, register for community events and send notifications about packages. Phase I of Society Las Olas, a 34-story tower with 799 apartments, opened in 2020 and includes 17,000 square feet of retail space. Completion of Phase II is expected in Q1 2026.
