The Bahia Mar property in Fort Lauderdale
A redevelopment plan to transform a prime Fort Lauderdale waterfront property into multiple condo buildings and a luxury hotel has been approved by commissioners.
With a 4-1 vote Tuesday night, the Fort Lauderdale commission approved the redevelopment of the Bahia Mar site with a plan that includes four condo towers and a five-star hotel, each nearly 300 feet tall.
The plan for the site at 801 Seabreeze Boulevard also includes a waterfront restaurant, a park, a promenade, and marina village.
The site had been the home of the Fort Lauderdale International Boat Show for years.
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During Tuesday's meeting, commissioners discussed potential traffic and construction issues that could be encountered.
The land has belonged to taxpayers since 1947 but has been leased to a private company for the past six decades.
The current lease wasn't set to end until 2062 but under the plan, the land will be placed under a new 100-year lease.
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The development team who holds the lease, led by Jimmy Tate, say their redevelopment project cost is estimated at around $1 billion.
