Condo project replacing classic Fort Lauderdale hotel moves ahead

A construction firm founder won site-plan approval for a 54-unit condominium to rise along the Intracoastal Waterway in Fort Lauderdale’s North Beach area, replacing a mid-century modern hotel. The Fort Lauderdale City Commission voted unanimously Tuesday night in favor of the 13-story waterfront development, called Opus at 701, at 632 and 701 Bayshore Drive. The developer is Bill Lougheed of Fort Lauderdale. Lougheed’s entities paid nearly $20 million last year to assemble the 0.78-acre development site, according to state and county records.They bought the Manhattan Tower, a 1955-built hotel, for $11 million and a 56-year-old apartment building for $8.5 million. […]This article originally appeared on The Real Deal. Click here to read the full story.