The redevelopment and expansion of the International Swimming Hall of Fame in Fort Lauderdale is set to move forward after the developer secured a $54.4 million construction loan.

MACQ Holdings provided the mortgage to Capital Group P3 Developments that matures June of 2026. It covers the project at 501 Seabreeze Blvd., where the development recently finalized its ground lease with the city. The Fort Lauderdale City Commission approved the $190 million redevelopment project in September 2023 through a public-private partnership (P3). The P3 project will feature two buildings on either side of the aquatic center and dive tower, which were recently renovated.

A new east building will be constructed with a welcome center, ISHOF museum, a café, a surf simulator machine, about 27,000 square feet of office space, and a roof deck. In addition, the new west building would have a museum gift shop, a café, a teaching pool, a parking garage, exhibit spaces, VIP suites, a grandstand to watch diving, an event center, and a rooftop restaurant.

Each building would rise five stories, and the new space would total nearly 331,000 square feet.

Miami-based architect Arquitectonica designed the project.

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