Tavistock Development Company, the Orlando-based real estate firm established by billionaire Joe Lewis, is initiating sales at Pier Sixty-Six, an expansive waterfront revitalization endeavor in Fort Lauderdale.
Tavistock is commencing sales for “Indigo,” their forthcoming luxury condominium building. The entire $1 billion-plus project has reached its construction zenith, with anticipated completion slated for next year. Sales Director Amy Ballon of One Sotheby’s International Realty mentioned that the sales launch has been strategically timed to coincide with the Fort Lauderdale International Boat Show, set to commence next week.
The Indigo building, comprised of 30 units, is one of two 11-story condominium structures within the development. Pricing starts at $5.5 million, encompassing features such as a heated plunge pool and expansive wraparound terraces. Each unit spans approximately 2,900 square feet of indoor space, boasting three bedrooms and three and a half bathrooms. Additionally, the building encompasses a 5,800-square-foot penthouse. The architectural design is spearheaded by West Palm Beach-based Garcia Stromberg.
Tavistock unveiled sales for the 31-unit Azul building and two additional four-story structures, collectively totaling 31 units, a year ago, aligning with the boat show.
Ballon reflected, “We had a waitlist. For five days straight, from 9 a.m. to 6 p.m., we were meeting potential buyers,” highlighting the robust demand during last year’s condo sales launch. She further noted an influx of interest from individuals hailing from Michigan, Ohio, and the Northeast as the season progressed.
Pier Sixty-Six’s comprehensive offerings will encompass the restored iconic tower, which has graced the skyline for over 55 years, a 164-slip deep water marina, a 325-key hotel, spa, and fitness amenities, an array of shops and dining establishments, including a marina promenade with office spaces, and the for-sale condominium component.
In March, Tavistock secured a substantial $175 million construction loan for the 32-acre development at 2300 and 2301 Southeast 17th Street. The construction loan was furnished by a consortium of banks, led by HSBC Bank USA.
Jessi Blakley, a Tavistock vice president, pointed out that Pier Sixty-Six has historically served as a pivotal venue for the boat show due to its marina. This year, they will feature a booth and sales center within the Super Yacht Village at Pier Sixty-Six, alongside various events, as well as sponsoring the mayor’s party.
It is worth noting that Joe Lewis, the founder of Tavistock, recently entered a plea of not guilty to insider trading charges. Prosecutors allege that Lewis disclosed confidential company information to family, friends, and employees, resulting in substantial financial gains.
Lewis is also entangled in a contentious real estate development venture in Wellington.
