Home » Noteworthy » Fort Lauderdale Apartment Tower Sold for $53 Million

Noteworthy

Fort Lauderdale Apartment Tower Sold for $53 Million

Located in Downtown Fort Lauderdale, newly completed Vu New River Apartments has officially been sold for approximately $52.53 million.

 

The tower sold to ML New River Village III, an affiliate of MetLife Real Estate Investors for $251,339 per unit.

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Miami-based New River 3 Ventures began construction of the 18-story, 209-unit project back in 2013 and completed the tower this past January.

 

The 20,799-square-foot property is located along the New River at 510 SE 5th Ave.

 

Renting an apartment at the luxurious Vu New River starts around $1,760 per month with included amenities such as a coffee bar, outdoor movie theater, rooftop pool and parking.