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Coral Cay Apartments is a two-story, 7,116-SF apartment building situated on a 25,000-SF lot at 701 and 709 Orton Avenue in Fort Lauderdale, FL |
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| Steve Hyatt |
Following the closing on August 1, the 26-unit building is slated for redevelopment into a boutique beach hotel.
“For the last 50 years, Coral Cay was used as a private timeshare for a group of shareholders from the Midwest,” Hyatt said.
“The buyer was attracted to the property’s proximity to Fort Lauderdale Beach and its location in the heart of the fast-growing and trendy North Beach area, which is undergoing massive redevelopment into a contemporary seaside village with upscale condos, hotels, restaurants and retail space.”
“The buyer was attracted to the property’s proximity to Fort Lauderdale Beach and its location in the heart of the fast-growing and trendy North Beach area, which is undergoing massive redevelopment into a contemporary seaside village with upscale condos, hotels, restaurants and retail space.”
Located at 701 and 709 Orton Ave. in Fort Lauderdale, Coral Cay is a two-story, 7,116-square-foot apartment building situated on a 25,000-square-foot lot. The property includes a pool, sun deck and large grass recreation area.
