Property Markets Group (PMG) plans to knock down a co-op development with 16 units in Fort Lauderdale and build an 18-story luxury condo project. The current structure is at 900 Intracoastal Drive.

PMG bought the co-op project, built in 1957, and plans to build 44 condo units priced to start at $2.9 million. The units would range from 2,754 square feet with two bedrooms to 3,185 square feet with three bedrooms and an office, each with 10-foot ceilings. The terraces would include summer kitchens and clear glass railings.

The S. Florida Business Journal reports it would have more than 17,000 square feet of amenities, including a wellness spa with a stream room and sauna, a fitness center, a waterfront pool with a café, a lounge with a catering kitchen, private cabanas, and a children’s playroom.

The project was designed by Fort Lauderdale-based FSMY Architects. PMG is also co-developing the Walford Astoria Hotel & Residences in Miami.

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