C
ervera Real Estate has parted ways with Natiivo Fort Lauderdale, a 40-story condo project in downtown Fort Lauderdale, after several months of sales efforts. The brokerage was hired by Harvey Hernandez's Newgard Development Group to handle sales and marketing for the planned 384-unit tower at 200 West Broward Boulevard. Prices started at $500,000 for fully furnished units, including studios, one-, two- and three-bedroom condos.

    Alicia Cervera Lamadrid, managing partner of Cervera Real Estate, cited "other commitments" as the reason for ending their partnership with Newgard on Natiivo. The brokerage will likely take on sales duties for a competing development. Despite parting ways, Cervera will receive commissions for units sold and is still working with Newgard on another project, Lofty Brickell in Miami.

    Natiivo is about 20% presold, with construction expected to begin in the second quarter of next year. Hernandez plans to announce Cervera's replacement later this month. The site was purchased by Newgard for $31.2 million last year and will feature designs by Arquitectonica and interiors by IDDI.

    The Fort Lauderdale market is seeing a surge in new condo projects, with several launches expected later this year. Related Group, Tate Capital, and Rok Acquisitions recently launched sales of the St. Regis Resort and Residences at Bahia Mar Fort Lauderdale, while Vertical Developments, GCF Development, and WellDuo kicked off sales for the 20-story Riva Residenze luxury condo tower. Brooklyn-based Dependable Equities is also selling its 775-unit Ombelle Fort Lauderdale project near Flagler Village.