Gale Boutique Hotel & Residences, a 96-room hotel and neighboring 128-unit condo building is slated to open in the first quarter of 2017 on Fort Lauderdale beach
Gale Boutique Hotel & Residences
Newgard Development Group and Menin Hospitality gave forth their latest project — Gale Boutique Hotel & Residences in Fort Lauderdale. The building is nestled on a city block on Ft. Lauderdale Beach with stunning views of the Intracoastal Waterway and the city’s downtown, surrounded by renowned hotels, restaurants, nightlife and shopping. The waterfront project will include a 96-room hotel and adjacent 128-unit luxury condo, located at 2900 Riomar Street. Newgard Realty is marketing and selling the units, with the starting price $385,000.
The construction of $120 million project is counted upon to start in summer 2015 with the hotel and condo planned to be showcased by the first quarter of 2017. Owners of Gale residence can put their property on the Gale Hotel Program for rent revenue, or they have an option to lease them out without any rental restrictions. All condos will offer modern, open-concept floor plans with floor-to-ceiling sliding glass doors, gourmet kitchens with superfine appliances and spacious rooms with walk-in closets.
Nicki Grossman, president and CEO of the Greater Fort Lauderdale Convention & Visitors Bureau comments, “I think that this fine South Beach boutique is just following the common wisdom: This is the place to be. Now that that’s going to be joining our inventory, we can appeal to an even broader number of tourists.”
Each unit of Gale Boutique Hotel & Residences, will differ in size from 780 square feet to nearly 2,000 square feet. Among the amazing amenities that the luxury property offers are: a rooftop sky desk, private lobby, fitness center and spa, concierge service, resort-style pools and full privileges at the Gale Hotel and at Menin Hospitality’s properties across the country. Menin Hospitality operates Sanctuary South Beach, the Bentley South Beach, Kaskades Suits at Gale South Beach and Gale South Beach.
“We feel the demand for nicer products in terms of condos, nicer hotel rooms and experience to the guest and a nicer food and beverage product is what Fort lauderdale’s craving and what they need,” said Jared Galbut, managing principal of Menin Hospitality. “We’re very high on Fort Lauderdale now. We think it’s the next up-and-coming market in the South Florida region. It has gone through its growth in recent years.”