Dependable Equities secured $50 million in pre-construction financing for twin 44-story towers in Flagler Village. Prices start in the $400,000s, and the project includes the city's first Equinox, the famous luxury fitness club. Here's everything you need to know before buying.
Key Takeaways
- Ombelle will include 754 condos across twin 44-story towers at 300 NE 3rd Avenue in Flagler Village.
- The project features Fort Lauderdale's first Equinox Fitness Club as part of a 100,000-square-foot amenity package.
- Prices start in the $400,000s for studios, with construction completion targeted for 2028.
Ombelle is a two-tower, 754-unit condo development at 300 NE 3rd Avenue in Flagler Village, Fort Lauderdale. The twin 44-story towers, designed by ODA Architecture, will include a 100,000-square-foot amenity package anchored by Fort Lauderdale's first Equinox Fitness Club. Prices start in the $400,000s for studios and $500,000s for one-bedrooms. Dependable Equities, the New York-based developer, recently secured $50 million in pre-construction financing from Dwight Mortgage Trust. Construction completion is targeted for 2028.
What does the project include?
The 754 units are split into two collections. The Flagler Collection occupies floors 2 through 9 and includes studios, one-bedroom, and two-bedroom units. The Tower Collection spans floors 11 through 41 and ranges from studios to four-bedroom penthouses. All units will be delivered fully finished and furnished, with a credit option for buyers who prefer an unfurnished unit.
As Larry Mastropieri noted on the Discover South Florida Podcast: "Prices starting at $400,000 is a good starting place for what things are going for right now. But the catch is that those are likely the studio units on the lower floors. Once you get into the tower collection and larger residences, those numbers are going to move much higher."
The ground floor, called "The Square," includes a 15,000-square-foot lobby, a signature restaurant, and approximately 11,000 square feet of retail. The 100,000-square-foot amenity package includes Fort Lauderdale's first Equinox Fitness Club (35,000 sq ft), two indoor pickleball courts, a boxing arena, a pro golf simulator, a mini golf sky deck, podcast recording studios, and rooftop pools with private cabanas. Douglas Elliman is handling sales and marketing.
What is the current financing status?
Dependable Equities secured $50 million in pre-construction financing from Dwight Mortgage Trust, arranged by SHB Group. This is a bridge loan that covers operating capital and pre-development costs while the developer pursues full construction financing. It is not a construction loan.
Dependable paid $27 million for the 1.9-acre site in 2021. Combined with the $50 million loan, approximately $77 million is committed before construction begins. However, approximately $300 million in construction financing remains pending. Until that loan closes, the 2028 delivery date is aspirational rather than guaranteed.
No sales velocity or percentage sold has been publicly disclosed. For a project launched in 2024, meaningful pre-sales data should be available by now. Buyers should ask about current contract volume during due diligence. The Equinox lease is a positive signal, as Equinox typically does not commit to projects it does not believe will be built.
Interested in Fort Lauderdale condos? Talk to a Fort Lauderdale real estate agent who understands the Flagler Village pipeline. Reach out to The Mastropieri Group or call (954) 833-1468.
What else is happening in Flagler Village?
Flagler Village is Fort Lauderdale's most active residential development corridor. It is urban, walkable, and proximate to Brightline. Ombelle is one of several large-scale projects reshaping the area:
- DNA Towers: 612 units across twin 40/45-story towers, currently under construction
- Astor Park: 252 units across two 12-story towers, delivering mid-2026
- FAT Village Mixed-Use: 600 Phase I rental units, with residential towers following in 2027
DNA Towers and Ombelle together represent 1,366 units in close proximity. Astor Park will be the first comparable product to deliver and will set an absorption precedent for the entire corridor. BAM's Flagler Village project is also in the pipeline. At least 3,900 condos and apartments are planned across Broward County, primarily in Fort Lauderdale and Pompano Beach.
FAT Village's $500 million master plan is progressing nearby. T3 FAT Village, the first mass-timber office building in South Florida, is expected to be completed in May 2026.
How does this fit into broader South Florida trends?
Ombelle reflects a pattern playing out across South Florida: mixed-use, amenity-dense developments in walkable urban corridors. Similar projects are underway in West Palm Beach, Delray Beach, Boynton Beach, and Miami.
As Larry explained, "To me, utility and walkability are the move. These projects work because they put people, retail, restaurants, and services together in one place. Whether it's Boynton or Fort Lauderdale, that's what we're seeing across South Florida."
Andare Residences is another new condo adding to Fort Lauderdale's pipeline. The region continues to attract both domestic migration and international capital, driving demand for new construction despite higher interest rates. Projects with strong amenity packages and walkable locations are leading absorption.
FAQs about Ombelle in Fort Lauderdale
How many units will Ombelle Fort Lauderdale have?
Ombelle will include 754 condos across twin 44-story towers at 300 NE 3rd Avenue in Flagler Village. The Flagler Collection occupies floors 2 through 9, while the Tower Collection spans floors 11 through 41.
What do condos at Ombelle cost?
Prices start in the $400,000s for studios and $500,000s for one-bedrooms. These are among the most accessible price points for a branded, amenity-dense Fort Lauderdale tower, though larger units in the Tower Collection will be significantly higher.
Who is developing Ombelle Fort Lauderdale?
Dependable Equities, a New York-based developer led by Isaac Schlesinger, is building Ombelle. ODA Architecture designed the towers. Douglas Elliman is handling sales. Dependable also has a second Fort Lauderdale project planned: an 830-unit rental tower at 633 SE 3rd Avenue.
When will Ombelle be completed?
Construction completion is targeted for 2028, but approximately $300 million in construction financing has yet to close. Until that loan is secured, the 2028 delivery date is aspirational.
What amenities will Ombelle have?
The 100,000-square-foot amenity package includes Fort Lauderdale's first Equinox Fitness Club (35,000 sq ft), indoor pickleball courts, a boxing arena, golf simulator, rooftop pools, podcast studios, and approximately 11,000 sq ft of ground-floor retail.
Local help for buyers in Fort Lauderdale
If you are buying, selling, or investing in Fort Lauderdale, Flagler Village, or anywhere in Broward County, understanding the condo pipeline matters. Reach out to The Mastropieri Group, Realtors®.
For practical, hands-on support across the region, call (954) 833-1468.
Posted by Larry Mastropieri
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