Funding

Funding Needed
$100 (Mio)
EB5 Funding
$100 (Mio)

Jobs

Category
Accommodation and Food Services
Sub-Category
Hotels (except Casino Hotels) and Motels

Location

State
Florida
Location
Seabreeze Blvd. and S. Atlantic Avenue in Fort Lauderdale, Florida

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Last Update: July 21, 2018 06:09 AM

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Las Olas Ocean Resort


Developer Name
Turnberry Associates

Project Description

550 Seabreeze is currently a vacant piece of land which boasts 34,299 square feet of prime Atlantic Ocean frontage on Seabreeze Blvd. and S. Atlantic Avenue in Fort Lauderdale, Florida . The Project site is located just two blocks from the main shopping and dining area in Fort Lauderdale - Las Olas Boulevard.

  • The developer intends do build the following:
  • Developer is fully permited and intends to build the following:
  • 136 beautifully furnished hotel rooms with stunning ocean and bay views, 
  • 9,000 square feet of restaurant space;
  • A private “Ocean Club” facility for guests and private club members; 
  • 5th Floor oceanfront pool area; 
  • VIP Lounge; and
  • A 700 square feet salon.


The property is fully entitled by the city of Ft. Lauderdale

Project Timeline

Commencement - 3rd quarter 2013
Completion - 20 to 27 months

News & Updates

EB-5 Investors Bring Visa Fraud Suit Against Buchanan Ingersoll Shareholder in Florida
March 01, 2019
EB-5 Investors Renew Visa Fraud Case Tied to Incomplete Fort Lauderdale Resort
February 27, 2019
New owners of Fort Lauderdale Beach hotel project score $52M loan
November 30, 2018
Mastroianni to EB-5 Investors: Your Lawsuit Is 'Sham' Capitalizing on Unrelated Fraud Claims
November 16, 2018
What happens when an EB-5 project fails?
October 30, 2018
Half-Built Fla. Resort's $39M Sale Gets Court Approval
August 17, 2018
Bankruptcy court finally approves sale of Fort Lauderdale hotel project
August 17, 2018
Bankruptcy court approves purchase of stalled Las Olas hotel project
August 17, 2018
Stalking horse bidder to buy planned Fort Lauderdale Beach hotel
August 13, 2018
Half-Built Fla. Resort Gets OK For Bankruptcy Auction
July 18, 2018
Twenty-one EB-5 investors sue developers of unfinished Fort Lauderdale hotel
July 18, 2018
Chinese EB-5 Investors in Unfinished Las Olas Ocean Resort Allege Fraud
July 18, 2018
Fort Lauderdale hotel project to head to auction with $39M stalking horse bid
July 12, 2018
Fla. Hotel Project Struggles Highlight EB-5 Risks
April 04, 2018
Florida developer files for Chapter 11 bankruptcy protection
March 07, 2018
Facing foreclosure, Las Olas Ocean Resort developer files for bankruptcy
March 03, 2018
EB-5 investment immigrants at risk, a project in South Florida is facing a foreclosure
February 02, 2018
Unfinished hotel on Fort Lauderdale beach with Chinese funding faces $37M foreclosure
January 31, 2018
Bancorp sues former Turnberry execs over stalled resort in Fort Lauderdale
January 30, 2018
EB-5 investments in SoFla hanging in balance
December 04, 2015

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