Greystar Selects Stiles Construction to Build Luxury Apartment High-Rise Steps from Las Olas Blvd.
Posted on 10/24/2017Stiles Construction, one of Florida's oldest and most recognized third-party general contractors and a division of full-service real estate services provider Stiles Corporation, has been selected to build a 25-story luxury apartment project in the heart of downtown Fort Lauderdale.
The 327-unit high-rise owned and operated by Greystar will be located at 790 East Broward Blvd. at the intersection of SE 8th Ave. The project will consist of nearly 661,000 square feet which includes a 508-space structured parking garage and a recreational deck featuring an array of luxury amenities. The project site is a former Chase Bank location.
This is Stiles Construction's second project for Greystar, who purchased the 790 site from Stiles Corporation several months ago. Stiles Construction was also the general contractor on Greystar's Elan 16Forty, a 261-unit luxury mid-rise apartment project located at 1640 East Sunrise Blvd. Elan 16Forty received several accolades for quality in construction, including the prestigious Eagle Award for excellence in construction from the Association of Builders and Contractors as well as three Construction Association of South Florida Craftsmanship Awards.
"We are very proud to be working with Greystar once again and be a part of another exciting luxury residential project in the Las Olas corridor," said Tim Moore, president of Stiles Construction. "The Stiles preconstruction team provided input and organization from the earliest stages of this project. The collaboration of everyone involved, including the architect and ownership, helped to produce a stunning, yet efficient design that will add character and versatility to the residential offerings in downtown."
Most recently, Stiles completed the construction of Amaray Las Olas, a 254-unit luxury high-rise located only one block from this latest project. Amaray Las Olas was nominated for a Pillar Award by the National Association of Home Builders.
Stiles is a full-service commercial real estate firm with a clear mission: Invest. Build. Manage. Stiles services include development, construction, tenant improvement, realty, property management, architecture, acquisitions and financing. Headquartered in Fort Lauderdale, Stiles maintains regional offices in Miami, Fort Myers, Tampa and Orlando, Florida, and has a development office in Charlotte, North Carolina. Stiles is responsible for more than 43 million square feet of office, industrial, retail and mixed-use residential projects throughout the southeastern United States. For more information, please visit https://www.stiles.com or call 954-627-9300.
Greystar is a leading, fully integrated multifamily real estate company offering expertise in investment management, development and property management of rental housing properties globally. Headquartered in Charleston, South Carolina with offices throughout the United States, Europe, Latin America and Asia-Pacific, Greystar is the largest operator of apartments in the United States, managing over 425,000 units in over 140 markets globally, with an aggregate estimated value of approximately $80 billion. Greystar also has a robust institutional investment management platform dedicated to managing capital on behalf of a global network of institutional investors with over $21 billion in gross assets under management including more than $8 billion of developments that have been completed or are underway. Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world class service in the rental housing real estate business. To learn more about Greystar, visit www.greystar.com.