Jorge Pérez’s Related Group is introducing Andare Residences by Pininfarina, a luxury condominium tower in Fort Lauderdale, with prices commencing at $1.6 million. This development, featuring the renowned Pininfarina brand, is set to rise 540 feet high, spanning 45 stories and comprising 163 units. It joins the growing trend of branded condos making waves in South Florida’s upscale real estate market.
In 2020, Related acquired the 0.6-acre development site at 521 East Las Olas Boulevard through a series of transactions totaling $17.1 million, as per records. The project is situated adjacent to Icon Las Olas, a 42-story luxury rental tower completed by Related in 2017.
Andare Residences will offer floor plans ranging from 1,800 to over 4,300 square feet, featuring two- to four-bedroom options, as confirmed by a spokesperson. The amenities will encompass a fitness center, spa facilities, a pickleball court, two rooftop pools, a private dining room, a catering kitchen, a sports lounge, conference rooms, and food and beverage services, according to the press release.
Pininfarina, a prestigious luxury car design firm headquartered in Cambiano, Italy, collaborated with Miami Lakes-based CFE Architects on the tower’s design. Architectural Alliance Landscape, a Fort Lauderdale-based firm, is overseeing the landscape architecture for Andare.
Leading the sales team will be Dan Teixeira from Douglas Elliman, as confirmed by a spokesperson from Related.
The target demographic for Andare includes empty nesters, investors, young professionals, and second-home buyers, according to the spokesperson.
Andare Residences joins Related’s portfolio of upcoming projects. In Miami-Dade County, these include the 50-unit Six Fisher Island, the 150-unit St. Regis Residences, and the 24-story, 61-unit Rivage Bal Harbour.
Related has also set its sights on Broward County’s luxury market. Just last month, Pérez secured a $158.9 million construction loan for the planned 118-unit Casamar Residences in Pompano Beach. Additionally, Related and Merrimac Ventures are in the works for a Waldorf Astoria-branded luxury condominium in Pompano Beach, featuring 28 stories and 92 units. In Hollywood, Related and BH Group are planning a 37-story, 350-unit condo tower.
Broward is drawing the attention of not only Related but other significant players in South Florida’s real estate scene. Brokerages like Fortune Christie’s International Real Estate, led by Edgardo Defortuna, are expanding into the area with a specific focus on Fort Lauderdale. Furthermore, international soccer superstar Lionel Messi recently made headlines when he acquired a waterfront mansion in Fort Lauderdale’s Bay Colony neighborhood for $11 million last month.
