Last year, Miami Dolphins owner Stephen Ross' New York-based Related Companies and Related Fund Management bought the W Hotel & Residences in Fort Lauderdale for a reported $90 million with the intent to spruce it up and make it all new and shiny.
Now that vision is closer to becoming a reality after Related Companies and the Related Group announced renovation plans for the W, located at 401 N. Fort Lauderdale Beach Blvd. in Fort Lauderdale. And the company has announced that residences are available for immediate occupancy.
Meyer Davis Studio has been tasked with redesigning the 147 luxury condo residences located in the West Tower, while also revamping the W's public spaces, amenities, and guest rooms. This will also include the oceanfront pool area, art fitness center, and its many meeting and conference spaces.
The hotel, which to this point has been known for its cool see-through pool, has been around sine 2009. But according to Related Fund, the W is expected to known for more than just a cool-looking pool.
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“The reimagination of the W Fort Lauderdale Hotel and Residences is an ideal fit for Related’s development expertise. As one of the only newly constructed luxury residences available for sale on Fort Lauderdale Beach, the Residences at W Fort Lauderdale are well-positioned to capture the demand in the current economic market,” Justin Metz, managing principal of Related Fund Management, said in a statement. “The cutting-edge design and high-end service, combined with the strength of the W brand and competitive pricing offers an unsurpassable value for oceanfront property in Fort Lauderdale.”
“This type of oceanfront opportunity no longer exists in Miami at any price,” added Jorge Perez, founder and chairman of the Related Group. “We’re creating a fresh, contemporary version of a beach home for people who want to own a piece of a branded hotel environment.”
Residences at the newly revamped W will range from 800 to 1,500 square feet and begin as low as $500,000
According to Related, the onsite sales office is open on the 23rd floor, with a temporary sales office on the ground floor.