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New River Yacht Club

A 26-story residential tower located high above the New River shore in the heart of Downtown Fort Lauderdale, New River Yacht Club redefines luxurious, upscale living. Located within walking distance to the city’s exciting and popular business, shopping and dining venues and just minutes from the beach, this Los Olas rental community that is now leasing is just steps away from all of the attractions of downtown and the waterfront. Staying at home in your new luxury rental community is a wonderful choice on its own, thanks to an impressive two-story lobby, stunning seventh-floor riverfront pool and outdoor bar, fun game room and state-of-the-art spa and fitness center.

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New River Yacht Club II Unfolding in Fort Lauderdale, FL, Will Provide 349 Homes

By: Colt Dodd 7:00 am on January 27, 2022

As it stands, New River Yacht Club is a 26-story building offering about 250 one-bedroom, two-bedroom, and three-bedroom layout plans. The three-phase project has been unfolding since the mid-2010s, and now, its second phase is underway.

New River Yacht Club II is a 36-story building offering 349 residential units. The ground floor comprises retail space, and the eighth floor serves as an amenity deck, featuring a pool. The Real Deal notes that the Related Group sold New River Yacht Club for $85 million to BJ Verde Properties in August 2021.

The second phase includes a high-rise building with luxury rentals. Rendering per CFE & Associates Architects.

Fortune Construction Company was selected as the general contractor. The project requires more than 350,000 square feet of new construction. It also involves demolishing already-existing structures on the build site. Right now, the project’s in its design development/permitting stage. It’s estimated to cost $75 million to complete.

CFE & Associates Architects designed the project and shared conceptual renderings with various media outlets. Its website shows a high-rise building with a beige, white, and yellow facade. Some units come with balconies, and the building itself overlooks a marina.

The building overlooks a marina. Rendering per CFE & Associates Architects

If New River Yacht Club II is anything like its predecessor, it will offer luxury rentals starting at around $1,900. It’s located at 401 Southwest 1 st Avenue, Fort Lauderdale, Florida, 33301, in Broward County.

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1 Comment on "New River Yacht Club II Unfolding in Fort Lauderdale, FL, Will Provide 349 Homes"

Glad to see Downtown Fort Lauderdale growing! Should be a nice addition to the skyline. Looks like they already have foundation equipment on site to start piling.

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New River Yacht Club West

Market-rate multifamily residential project, located at 401 SW 1st Ave, Fort Lauderdale, FL 33301. 38-story, (337) units.

REGION 7 • New River Yacht Club Phase II

May 3, 2023

Project Name: New River Yacht Club Phase II Project Timeline: 15 Completion Date: 07/23 Address: 401 SW 1st Ave, Ft Lauderdale, FL 33301 Supplier: Supermix Owner: Rabina Properties / Related Contractor: Fortune Construction CO Mix: Ranged from 5000 to 10,000 psi

New River Yacht Club Phase II is a 36 story luxury residential building. Ground floor is retail space and the eight floor serves as an amenity deck with a pool. Some of the units have a balconies, building itself overlooks a marina

New River Yacht Club

• Seventh floor pool
• State of the art fitness center
• 24 hour security and valet
• Covered and secure parking
• Social areas
• Outdoor bar
• Floor to ceiling windows
• Designer fixtures
• Gourmet kitchens
• Spacious floorplans

Related Group sells downtown Fort Lauderdale apartments for $85M

Deal equates $341K per unit

Jorge Pérez’s Related Group sold the New River Yacht Club apartments in downtown Fort Lauderdale for $85 million.

BJ Verde Properties, based in Harbor City, California, bought the multifamily tower at 400 Southwest First Avenue, records show. The buyer is managed by Baiyan Li.

The deal for the 249-unit building breaks down to $341,365 per apartment.

Coconut Grove-based Related built the 26-story New River Yacht Club in 2015 as the first phase of a three-phase complex. The tower is on nearly an acre, according to property records.

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Related embarked on the project’s third portion before the second phase, as it scored a $47.9 million construction loan for the 230-unit New River Yacht Club III apartments in December 2019. The second phase is to have 349 units.

New River Yacht Club offers studios as well as one-, two- and three-bedroom units, according to its website. Rental listing website Apartments.com shows monthly rents range from $1,955 to $4,037 for the one- to three-bedroom units.

Related’s Pérez was given the moniker “Condo king” years ago for being Miami’s biggest condo developer. But the company in more recent years has expanded into other asset classes and areas.

In another downtown Fort Lauderdale venture, Related developed the 44-story, 272-unit Icon Las Olas .

In Miami’s Wynwood neighborhood, Related plans a mixed-use project with a pair of 12-story buildings that will include 317 apartments, 22,700 square feet of retail, 60,400 square feet of offices and 534 parking spaces. A city review board approved the proposal in March.

• Address: 400 SW 1st Avenue
• Area: Fort Lauderdale
• Status: Pre-Construction

• Description
• Residence Features

The New River Yacht Club is a 26 story building by Jorge Perez and The Related Group consisting of 249 residences found near the district that the building shares its name with. Residents enjoy views of the city of Fort Lauderdale and the New River plus a location that offers the riverfront setting but also nearness to the city's popular downtown area.

Visit the New River Yacht Club condo's seventh floor recreational area to find a host of activities. Other amenities include an outdoor bar, club room, game room, a cutting edge fitness facility, and 24 hour security. The units within New River Yacht Club have one, two or three bedrooms and come with modern features like floor to ceiling windows, gourmet kitchens, designer fixtures and balconies/terraces that offer the aforementioned views of the riverfront and Fort Lauderdale cityscape.

You can visit one of the small parks just across the New River to the northeast and northwest of New River Yacht Club or explore other places like the Broward Center for the Performing Arts, the numerous sights and sounds of the Las Olas area, the Museum of Discovery and Science and the historic Stranahan House. The Fort Lauderdale beaches are east of New River Yacht Club.

Please contact Fort Lauderdale luxury condo Realtor Vanessa Bernal for help buying, selling or renting a New River Yacht Club luxury property.

• Seventh floor pool
• State of the art fitness center
• 24 hour security and valet
• Covered and secure parking
• Social areas
• Outdoor bar
• Floor to ceiling windows
• Designer fixtures
• Gourmet kitchens
• Spacious floorplans
• Street View
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Related Group Sells Fort Lauderdale Rental Tower for $85M

By julia echikson august 18, 2021 4:08 pm.

The Related Group has sold the New River Yacht Club , a rental tower in Fort Lauderdale, Fla., to Los Angeles-based investor Li Bayan for $85 million,  records show. 

L ocated at 400 SW 1st Avenue , the 26-story property sits along the New River by South Andrews Avenue . It holds 249 units and monthly rents for one- to three-bedroom apartments range between $1,955 and $4,037, according to Apartments.com .

Related Group constructed the building in 2014, with a $41 million loan provided by SunTrust Bank (now known as Truist )  two years prior, per records. In 2015, the Miami-based developer also took out an additional $11.6 million mortgage from Berkadia .

Altman Management Company has been tapped to manage the property, taking over from TRG Management Co. , Multi-Housing News reported . 

Run by father-and-son duo, Jorge and Jon Paul Pérez , Related Group is one of South Florida’s largest condo developers. The group is fast at work in Fort Lauderdale. Earlier this month, it scored an $84 million loan to build a 44-story tower, less than a mile away from New River Yacht Club, along Federal Highway . 

The city is also seeing a rush of activity from other high-profile developers. Just this month, apartment giant Aimco announced that it’s joining Kushner Companies to build four towers near the city’s Brightline station, which will require $700 million in debt and equity investments. 

Related Group representatives did not respond to requests for comment. Li Bayan could not be reached for comment. 

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New River Yacht Club

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CFE Architects

Project Contact

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New River Yacht Club is a 26-story luxury apartment building in downtown Fort Lauderdale, FL. Each of the 249 residences has its own outdoor balcony.

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New River Yacht Club II

• 349 residential units
• 8th floor amenity deck and pool
• Ground floor retail
• Residential Parking

Project Team: 

• Architect of Record: CFE Architects
• Developer: The Related Group

Established in 1961

CFE Architects, PA Cohen Freedman Encinosa & Associates 8085 NW 155 Street Miami Lakes, FL 33016

Call: 305-826-3999

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New River Yacht Club

An urban high rise on the New River, New River Yacht Club’s location is a prime reason to live there. With views of the river and yacht club, this sought-after setting is convenient to nautical pursuits and beach fun. The design team used the shapes and forms of search lights, sails, sheets, tie downs and maritime hardware to create a design lexicon that transforms a beacon into a light, a sheet into a support rod and a sea dog into a table. Maritime materials inspire subtle hints for finishes and fittings. Strong colors and contrasts suggest water, wind and movement. With a nod to sailing pastimes, a location close to sport and activities and proximity to downtown business, the design of New River Yacht Club offers its residents a choice blend of work and play.

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More From Forbes

New cruise company explora journeys is a potent luxury contender.

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The Explora I cruise ship, built in 2023 for just 922 passengers, sails past downtown Manhattan.

The arrival of enormous ships, like the 7,000 passenger/3000 crew member Icon of the Seas, is an effective way to promote the cruise industry. But cruise companies are also launching smaller vessels designed to give passengers more individual attention, like the new EXPLORA I from Explora Journeys.

The EXPLORA I, launched in 2023, is a sleek 63,000-ton ship designed for just 922 passengers, each housed in an oceanfront suite. Another important number is 1.32 to 1. This represents the crew to passenger ratio, showing the line’s commitment to passenger service.

Ship staterooms start with the Ocean Terrace suites, at 377 square feet. They feature amenities such as a king bed, a chaise lounge day bed, and big glass doors that make it true ocean front view. Bathrooms include European walk-in showers, heated marble floors, and Dyson hair dryers. The ship also has some 67 penthouses from 462 to 763 square feet, and the Ocean Residences, from 750 square feet up to 1600 square feet.

The EXPLORA I has 12 bars and lounges, and 64 cabanas on deck for guests, with multiple indoor and outdoor whirlpools. The spa has a dry sauna, a steam room, Himalayan salt treatments and more, for “the gift of ocean wellness,” which also includes workouts with free weights, 30-minute yoga classes, Pilates, and rowing machines.

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Explora Journeys, said to be the only major cruise line that’s privately owned, is part of the MSC Group. The Italian owners made their private yacht a model for the type of service they planned to deliver. EXPLORA Iis the first of a planned six ships, with EXPLORA II set to arrive in August 2024.

Along with many travel agents, a key market for Explora Journeys, I was invited on an introductory cruise from Los Angeles to Vancouver, Canada. Destinations enroute included San Francisco, Astoria, Oregon, and Victoria, British Columbia.

Michelin-star awarded Chef Claude Le Tohic, and staff at Anthology Restaurant on Explorer I.

Focusing on luxury, Explora’s rates are all-inclusive, including gratuities, alcohol and its powerful Wi-Fi service. A handful of amenities, such as Anthology Restaurant, which features a rotating cast of Michelin-star chefs , have an additional price.

For the cruises themselves, the prices we found range from a ten-night journey from Barcelona to Barcelona for $3,835 (via Gibraltar, Seville, Madera, etc.) to a 44-night extravaganza “connecting continents” from Vancouver to Barcelona via the US West Coast, Mexico, the Panama Canal, and the Mediterranean for $18,450.

The Explora experience began at the Port of Los Angeles, a warehouse-sized building reminiscent of a bus terminal. However, Explora Journeys made check-in fast and almost fun, with friendly representatives using data tablets to check us in at small tableclothed tables, rather than at the clerk’s counter.

The commitment to meeting passenger needs shows up everywhere, such as in the availability of 24-hour room service. The restaurants were uniformly excellent, and the fast elevators quickly whisked you from deck to deck. Yet after a couple of days, I really enjoyed taking breakfast in my cabin, eggs, waffles, pancakes, and vats of coffee.

EXPLORA I was full of such experiences. I watched a chanteuse descending the staircase into the grand Lounge Bar singing jazz standards. Later, I smoked a Winston Churchill Petit in the fragrant cigar lounge at midnight.

The grand Lobby Bar on Explora Journeys new cruise ship Explora I.

Explora Journeys is based in Geneva, so when I laid a couple of hundred-dollar bills on the blackjack table I was politely told to use my room card or change money at the cashier’s booth—euros only.

The friendly casino kept drawing me back. Of course, I ended up losing all my cash, but made $200 last the entire six -day cruise. The dealers seemed much more concerned if I was having a good time than those in Las Vegas.

The service was excellent, with barmen opening “closed” bars to pour drinks. Even when the crew didn’t fully understand a request, they gave it their all. In one lounge, I asked for a martini with blue cheese olives, aka ‘Maytag olives.” The server apparently rustled about the ship and returned with a small plate containing 4 ounces of blue cheese. I did not have the heart to tell him and instead, ate the evidence.

The ship has a well-equipped gym, but I also ran the marked jogging track on Deck 12 in my gray sweats in the wind, feeling like I was in CHARIOTS OF FIRE. I practiced hitting a pickleball over the net on the sports court and shot some 3-pointers.

Later, I sat in one of the EXPLORA I’s warm whirlpools directly overlooking the sea. The ship is said to have more water on board than any other.

The ship was so relaxing, in fact, that many passengers chose to stay on board during port days, taking advantage of massages and other services. Understood, as with cruising, the journey is really the destination.

A view of San Francisco's Golden Gate Bridge as seen from Marin Headlands in Sausalito, California, ... [+] United States on January 27, 2023. (Photo by Tayfun Coskun/Anadolu Agency via Getty Images)

But they missed out on Explora Journeys well-organized excursions. In San Francisco, I took a coach tour into Marin County over the Golden Gate Bridge. The intrepid bus driver drove us safely over a zig-zagging road full of bicyclists to Muir Woods.

The guide told us about the history of the redwoods, how 95% of the old giants were cut down, and how they were saved at national parks like Muir Woods. Once we got there, he left us alone with our thoughts, to walk the easy trail and admire the trees.

The intrepid bus driver found a parking spot at the Marin Headlands overlooking San Francisco Bay for selfies of the Golden Gate Bridge. Memorably, we had sailed under the bridge on EXPLORA I’s journey into the city.

I particularly enjoyed the day we spent in Astoria, Oregon, a port city on the Columbia River where it flows into the Pacific. Founded in 1811, Astoria is a destination I might never have encountered if it were not for the cruise. Astoria got its name from wealthy New York entrepreneur John Jacob Astor, who monopolized the booming fur trade.

Our excursion brought us majestic views of the river dividing Oregon and Washington. We investigated the less-than-luxurious dwellings at the Lewis and Clark Fort where that expedition lived. At the Maritime Museum, we learned about the treacherous currents of the Columbia and the salmon cannery industry that once dominated the town.

Lunch at the Mediterranean Yacht Club with its fish, humus and other Mediterranean food was a treat. I enjoyed a great ribeye in Marble, the amazing steak restaurant on board. The fresh pizza on board was also great. Late at night, I thanked the servers who stayed open just for me, pouring a shot of Macallan before bed.

An Ocean Terrace Suite on the cruise ship Explora I. The entry-level suite is 374 square feet and ... [+] includes a terrace with a chaise lounge and a bathroom with heated floors.

The EXPLORA I makes a strong effort to keep the passengers entertained, with Broadway hits in the Journey Lounge, and individual performers in others. (I loved “Better Shape Up” from GREASE performed with just a guitar accompaniment). There are three Steinway pianos in different lounges. Explora also has alternate entertainment like silent discos, a tough trivia game, a cooking experience and “luminaries” on board to talk about various topics.

Cruise expert Chris Gray Faust, Executive Editor at Cruise Critic , says, “Explora Journeys is an entry into the luxury cruise world. Backed by the private shipping company MSC, the line has the money and ambition to fine tune its product to attract those guests who might normally choose a high-end resort or hotel, as opposed to a cruise.”

Before launching Explora Journeys, the founders interviewed 20,000 luxury travelers and 250 travel advisors. Chris Austin, Chief Sales Officer, said the idea was to “build a ship that’s like a private yacht. An intimate ship, with many, many spaces.”

What resulted, said Austin, is something “that doesn’t feel like a cruise ship, it feels like a luxury boutique hotel.” In terms of onboard shopping, “We have Piaget, Cartier, Panerai and the only Rolex watch store at sea.”

According to Austin, just 4% of luxury travelers cruise. But “after 8 months of operating, we are seeing cruisers on second and third cruise.” He added, “There is no more stunning view than when you sail into a port, as opposed to catching a taxi from the airport. Ultimately, having 6 ships will allow us to discover the world together. We call it the Ocean State of Mind.”

The new cruise ship EXPLORA in the Mediterranean.

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