The skyline of downtown Fort Lauderdale is preparing for another major addition as construction on a high-profile Fort Lauderdale condo tower development officially gets underway. Located at 316 NE 4th Street, the upcoming Ombelle project has entered its foundation piling phase. Dependable Equities previously acquired the nearly two-acre site for $27 million back in 2021.
To support the early stages of development, the project recently secured $50 million in pre-construction financing from Dwight Mortgage Trust. Developers expect to arrange additional financing packages as site work advances toward vertical construction.
Financing and Scale of Fort Lauderdale Condo Tower Development
Once construction is complete, Ombelle will feature two 43-story towers rising approximately 525 feet into the air. This height will position the dual towers among the tallest architectural structures in Fort Lauderdale. The complex is also planned to include 895 parking spaces to serve future residents and guests.
The project will offer residential layouts ranging from studios to three-bedroom residences. According to project scheduling, the structures are currently expected to reach their full height next year, with overall construction targeted for completion in 2028.
Extensive Amenities and Commercial Space at Ombelle
In addition to residential units, Ombelle plans to incorporate roughly 100,000 square feet of dedicated amenity spaces. Resident offerings will include a swimming pool, fitness facilities, shared coworking space, an interactive game room, and indoor pickleball courts.
The property will also add commercial options to the surrounding downtown streetscape. Plans specify more than 11,000 square feet set aside for ground-floor retail and dining space, alongside a 35,000-square-foot Equinox gym.
Key Details of the Ombelle Development
Below is a summary of the confirmed facts and figures surrounding the project:
- Address: 316 NE 4th Street, Fort Lauderdale, FL
- Developer & Site Acquisition: Dependable Equities ($27 million purchase in 2021)
- Financing: $50 million pre-construction loan from Dwight Mortgage Trust
- Building Specs: Twin 43-story towers rising roughly 525 feet
- Residences: Studio to three-bedroom floor plans
- Amenities: Approximately 100,000 square feet including a pool, fitness areas, coworking spaces, game room, and indoor pickleball courts
- Retail & Fitness: Over 11,000 square feet of retail/dining plus a 35,000-square-foot Equinox gym
- Parking & Timeline: 895 parking spaces; expected to reach full height next year with final completion in 2028
Market Context for Fort Lauderdale Condo Tower Buyers and Investors
Downtown Fort Lauderdale continues to see significant high-density residential development as institutional capital flows into the urban core. Dual-tower urban projects like Ombelle demonstrate an ongoing trend toward large-scale developments that integrate private residential living with major wellness brands and retail options on-site.
For buyers and real estate investors closely monitoring South Florida growth, following construction milestones, capital stacks, and completion timelines offers useful context on the evolution of downtown neighborhoods.
Source: World Red Eye
