The tide is turning for high-end real estate on the water in Fort Lauderdale as investors return to create luxury developments after about a seven-year lull.
In the next 30 days, Premier Developers will demolish the old Sunrise Hall East motel to make room for Riva, a 100-unit condo development with private pontoon water taxi, dock, boat slips, cafe and private park. Just north of Sunrise Boulevard at 1180 N. Federal Highway, on the Middle River across from George English Park, the developer will put $50 million into a once-booming submarket that investors say is returning to pre-recession levels.
