Up for grabs: Israeli developers of Fort Lauderdale project list site for $3.5M By Katherine Kallergis
The Israeli developers behind a 99-unit project in Fort Lauderdale’s Flagler Village just listed the condo project for sale at $3.5 million, The Real Deal has learned. The developers, Doron Broman, Simon Langbret and Uri Redler put the Flagler 626 site on the market last week with CREC, Broman confirmed to TRD. The project has not yet launched sales. “It’s not an issue of market conditions,” Broman told TRD, adding that the decision to sell is due to a personal issue. “At this stage we’re looking to sell it or possibly joint venture.” Fort Lauderdale unanimously approved the 12-story project in mid-September. As planned, units would range from 671 square feet to 1,580 square feet with an average price of $350 per square foot. CREC Senior Vice President Peter Mekras said the unit allocation and approvals make the site appealing to a multifamily developer,...