Luxury apartments opening near Las Olas
Leasing has started at the 254-unit Amaray Las Olas, an ultra luxury apartment building within walking distance of Las Olas Boulevard in Fort Lauderdale.
The 30-story tower is under construction at Northeast Second Street and Eighth Avenue. Studio and one-, two- and three-bedroom units range from 768 to 2,450 square feet. Monthly rents are from about $2,000 to $5,800.
While Amaray Las Olas rents are pricey, more upscale renters are willing to pay top dollar, particularly those who want to be near downtown nightlife, said L. Keith White, president of the Reinhold P. Wolff Economic Research in Oakland Park.
“It’s to be expected,” White said. “It’s not unusual anymore.”
The project is being developed by The Rockefeller Group and a division of Stiles Corp. Stiles says it’s trying to appeal to professionals who want larger apartments and no home maintenance responsibilities.