D
ependable Equities, led by Isaac Schlesinger and Simon Dushinsky of Rabsky Group, is launching sales for Ombelle Fort Lauderdale, a 775-unit luxury condo project in the city. The development, located at 300 Northeast Third Avenue near Flagler Village, will feature two towers connected by a parking podium, designed by ODA's Eran Chen. Unit prices range from $400,000s to around $5 million.

    Construction is expected to start in the second half of next year, with early commitments from lenders and an in-house general contractor to keep costs down. The project will offer over 100,000 square feet of amenities, including a large lobby, garden, recording studio, fitness centers, spas, and more. Units will range from studios to three-bedroom condos, with short-term rentals allowed for at least 30 days.

    The development has been scaled back from the original 1,100 units proposed. Dependable Equities purchased the 1.9-acre site for $27 million in 2021. The company is also planning a nearby 47-story apartment tower and joins Naftali Group's two-tower, 936-unit apartment development in downtown Fort Lauderdale.