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ntegra Investments plans to launch condo sales at Ocean Park Residences in January, a 14-story waterfront building with 76 units in Fort Lauderdale's beach area. The project was initially approved for an 11-story condominium and hotel, but Integra opted for a larger condo-only development after city approval in June 2022. The switch is driven by market demand, according to Victor Ballestas, who said it would have competed with other inventory if the hotel product were included.

    The condo-only development will be easier to finance than a mixed-use project, and Integra aims to find pre-construction buyers for 40-50% of the units before seeking a lender. Despite challenging financing conditions nationwide, South Florida developers have secured major construction loans recently by tapping into buyer deposits. One Sotheby's International Realty will handle Ocean Park sales.

    The building's units will range from 1,200 to 2,200 square feet, considered medium size compared to other Fort Lauderdale condos under development. Ballestas aims to create a product with demand but limited supply, offering a new and livable beachside option at an affordable price point. Integra acquired the 11-parcel site for $7.2 million in March 2021 and expects to break ground in early 2026 after about a year of pre-construction sales.