October 10, 2019
Fort Lauderdale-based Moderno Development Group plans to develop River Lofts on 5th, a 30-story residential tower in Downtown Fort Lauderdale. The $80-million project in the Tarpon River neighborhood is under review by the city, and the developer is eying a groundbreaking later this year.
The development would include 172 studios, 152 one-bedroom apartments and 20 two-bedroom apartments with 373 parking spaces and ground-floor retail. Rents are expected to be just shy of $2,000 per month.
Planned amenities include a rooftop swimming pool, open kitchen and barbecue area, yoga lawn, a fitness center, a spin studio, a game lounge, and a movie lounge, as well as views of the New River and downtown. The building will also contain co-working spaces, a bicycle shop and a ridesharing pickup/drop-off area.
The one-acre site at 307 S.W. Fifth St., as well as 439 and 443 S.W. Third Ave. is situated between Fourth and Fifth Streets.
For comments, questions or concerns, please contact Dennis Kaiser