OceanLand plans 40-story apartment tower near Fort Lauderdale Brightline stop
Canadian transplant Jean Francois Roy paid $13M for dev site in March
Jean Francois Roy, a Canadian transplant, has planned a 40-story apartment tower near the downtown Fort Lauderdale Brightline passenger train station. OceanLand Investments, the development firm led by Roy, intends to construct a 392-unit building that includes a parking podium and a 10th-floor amenity deck. The location for this project is at 105 Northwest Third Avenue. Both a company news release and an OceanLand spokesperson confirm these details. The design of the tower is a collaboration between FSMY Architects + Planners and AM Studio, and it may also feature around 8,800 square feet of ground-floor retail space and potentially a restaurant.
OceanLand acquired the development site, which encompasses the adjacent lots at 113 and 117 Northwest Third Avenue and at 110 Northwest Fourth Avenue, for $13.2 million in March. The land is situated west of the Brightline station. As per the spokesperson, construction is anticipated to commence in the latter half of 2025.
Despite the increased cost of construction financing due to interest rate hikes by the Federal Reserve, South Florida developers are persistently announcing their project plans. Many of these developers are directing their focus towards multifamily projects and are taking the opportunity to build near Brightline’s stations.
To the east of the Fort Lauderdale stop, the Damaghi family from Great Neck, New York, owns two parcels of land that were acquired in 2021 and 2022 for a total of $39.4 million, according to records. However, the family has not yet revealed any details about their development intentions.
In the vicinity of Miami-Dade County’s Ojus station, Arnaud Karsenti’s 13th Floor Investments proposed a 300-plus-unit apartment building at 19680-19770 West Dixie Highway in December of the previous year. Additionally, Yakov Cohen and Shimon Bouskila submitted an application for a 15-story, 261-unit apartment project at 2655-2660 Northeast 189th Street, a few blocks south of the Ojus station.
OceanLand, a Fort Lauderdale-based company founded by Roy in 1990, boasts a portfolio of previous projects comprising 26 condominiums, multifamily properties, and senior living facilities, totaling over 4,000 units. Notable ventures include the Ritz-Carlton Residences in Singer Island, Palm Beach, and Aqua-branded condominium buildings in Fort Lauderdale.
Furthermore, OceanLand initiated the sale of units in their 94-unit Sixth & Rio condo building located at 501 Southeast Sixth Avenue in Fort Lauderdale last year.
South Florida Luxury Real Estate | Ocean Area Living | Heather Lefebvre
