Asi Cymbal, the developer of starchitect Bjarke Ingels' Marina Lofts on the south side of Fort Lauderdale's New River, told the Real Deal that the project will now be a mixture of rental apartments and condominiums, instead of being entirely rental. The three-tower project was designed with a canyon-like fissure between two of the towers, and the relocation and incorporation of a spectacular 'rain tree' into a park on the site. Although the 856 unit project was first approved by the city in October 2013 and groundbreaking was expected to happen by 2014, zilch, as far as we know has happened at the site. There has also been talk of selling some of the units since, oh, November 2013.
· Developer to market Marina Lofts as a condo-rental blend [TRD]
· Marina Lofts coverage [Curbed Miami]