T
avistock Group has started closing deals on units in its Pier Sixty-Six condo project in Fort Lauderdale. The developer completed construction on two buildings with 31 units this summer. Its Azul condos, an 11-story building with 29 units, recently received a temporary certificate of occupancy, and the Indigo building, also an 11-story structure with 28 units, is expected to receive its TCO soon.

    Sales for the project have been led by Amy Ballon of One Sotheby's International Realty. While Broward County condo sales and dollar volume have declined recently, prices remain steady. The developer launched sales for Indigo in October, with prices starting at $5.5 million, while Resort Residences and Azul began selling in 2022.

    Tavistock acquired the Pier Sixty-Six site in 2016 and 2017 for $187 million before winning city approval for a 15-year redevelopment plan in 2018. The project will feature a hotel, marina, event space, restaurants, retail, spas, and fitness centers. A $175 million construction loan was secured in 2023.

    The Pier Sixty-Six hotel is set to open in January. Tavistock has other South Florida projects underway, including a massive mixed-use development in Wellington led by Mark Bellissimo. However, Joe Lewis' recent legal issues may impact these plans. Lewis pleaded guilty to securities fraud charges and faces three years of probation and a $5 million fine.