According to The Real Deal, a real estate magazine which monitors and values various markets nationwide, marketing has already begun for Auberge Residences, the property for which was bought by Related and its business partners in 2014 for a hefty $57.3 million.
The complex will be constructed next to the Adrienne Arsht Center for the Performing Arts’ Knight Concert Hall. Related is co-developing the project with Auberge Resorts, which will act as management for the project. The two companies are also developing Fort Lauderdale’s Auberge Residences & Spa.
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