Tavistock just expanded its already-massive Pier Sixty-Six bet — four new towers, 339 residences, and 185,600 square feet of retail and office on the most famous marina in Fort Lauderdale.
Key Takeaways
- Tavistock's Pier Sixty-Six Phase 2 adds four 270-foot residential towers and 339 new homes to the already-redeveloped marina-resort complex on Fort Lauderdale's 17th Street causeway.
- The expansion includes 185,600 square feet of new retail and office — the largest mixed-use addition to the Fort Lauderdale waterfront in over a decade.
- For Miami business owners diversifying north, Pier Sixty-Six represents one of the few remaining trophy marina-residential opportunities in South Florida, with deepwater slips on premises and direct ICW access.
The development news that dropped late last week deserves more attention than it's getting in the Miami press. Tavistock — the same group that owns Lake Nona in Orlando and a stack of major Florida master-planned communities — just announced Phase 2 of their Pier Sixty-Six redevelopment in Fort Lauderdale. Four new towers at 270 feet each. 339 additional residential units. Another 185,600 square feet of retail and office space stacked into the project's mixed-use footprint.
For context: this is one of the largest single residential additions announced anywhere in South Florida in 2026.
I cover Miami pre-construction primarily, but the deeper your Miami real estate strategy goes, the more often you need to look north. Fort Lauderdale's waterfront — and specifically the 17th Street and Las Olas corridors — increasingly competes with Miami for international buyers, business owners, and yachters. Pier Sixty-Six Phase 2 is the most aggressive bet on that thesis in years.
The Pier Sixty-Six Story, Compressed
Pier Sixty-Six is one of the most iconic marina-resort complexes in the United States. The original Pier Sixty-Six Hotel — the round, mid-century landmark on the 17th Street causeway with the rotating top floor — opened in 1965 and quickly became the social anchor of Fort Lauderdale's yachting community. The marina handles megayachts up to 400 feet, sits at the literal mouth of the Intracoastal Waterway, and is the boat owner's address in South Florida.
Tavistock acquired the property in 2016 and launched a multi-billion-dollar redevelopment that has unfolded in phases. The earlier phases delivered a renovated and expanded marina, the new Pier Sixty-Six Resort hotel, the first residential tower (Pier Sixty-Six Residences), and significant marina-front retail and dining.
Phase 2 is the larger residential build-out: four new 270-foot towers totaling 339 residences. The project is taking shape on the broader Pier Sixty-Six master plan footprint and represents one of the most ambitious vertical residential additions to Fort Lauderdale's waterfront in years.
Why the Location Is Genuinely Different
Most Miami waterfront pre-construction is on Biscayne Bay — protected water, gorgeous, but not direct ocean access for serious boats. Most Fort Lauderdale waterfront is on canal frontage — also gorgeous, but typically limited to 50-100 foot boat slips.
Pier Sixty-Six is one of the very few South Florida residential addresses with on-premises deepwater marina capable of berthing megayachts, with direct unobstructed access to the Atlantic via Port Everglades inlet. That distinction matters for a specific (and substantial) buyer pool:
- Megayacht owners who want to keep their boat at their home
- Family offices with private yacht charter operations
- International buyers from Northern Europe and Latin America with substantial recreational vessels
- Hospitality investors who want a residential anchor adjacent to the resort
For comparison context, my piece "Viceroy Residences Fort Lauderdale: The 45-Story Naftali Tower Just Revealed $10M Penthouses" walks through the Las Olas comparable, and "Rosewood Residences Hillsboro Beach" covers the smaller-scale alternative further north. Pier Sixty-Six Phase 2 sits in a different category from either — it's marina-first, with the resort and residential as the surrounding ecosystem.
What the 339-Unit Phase 2 Adds to the Equation
The Phase 2 expansion includes four towers at 270 feet each, which puts them in the 24-26 story range depending on floor heights. Total residential additions: 339 units. The project also includes the previously-mentioned 185,600 square feet of retail and office space.
The mix of retail, office, hospitality, and residential creates a true mixed-use vertical village — something Fort Lauderdale historically has lacked outside the downtown core. For buyers, this means the building isn't just a place to live; it's a small daily-needs ecosystem with restaurants, services, and possibly co-working office space within the same complex.
For Miami business owners with multi-state operations or Florida-wide companies, having an office tenant footprint inside your residential building creates an unusual flexibility. You can technically work from a Fort Lauderdale satellite office without ever leaving the building.
Pricing Context for the Pier Sixty-Six Pipeline
Phase 1 Pier Sixty-Six Residences pricing landed in the $1.6M to $25M+ range depending on unit size, floor, and view orientation. Per-square-foot, the trophy floors and direct marina-view residences cleared $1,900-$2,400/sqft.
For Phase 2, expect similar positioning with potential for slightly higher per-square-foot pricing on the new tower waterfront units, given the scarcity of remaining marina-front inventory and the broader build-out of the resort amenity stack since Phase 1 launched.
Pricing for Phase 2 will be released by Tavistock in phases as the project approaches market. The early reservation window is typically where the best buyer terms (unit selection, parking, slip allocation) get locked in.
The bigger question for a Miami-based buyer isn't what the unit costs — it's what comes with it. For Pier Sixty-Six specifically, the slip allocation question is the one to ask first. How many marina slips are reserved for residents? How are slips assigned? What's the upcharge for larger boats? These are the questions that determine whether the building is genuinely a megayacht owner's home or just a building near a marina.
How a Miami Business Owner Should Think About Fort Lauderdale
If you live in Miami, work in Miami, and your real estate portfolio is currently Miami-centric, there are three reasons to consider diversifying north into a project like Pier Sixty-Six Phase 2:
1. Geographic diversification within Florida. Miami and Fort Lauderdale are both vulnerable to the same hurricane events but to different insurance-market dynamics, different city-government tax bases, and different buyer mixes. Owning meaningful real estate in both gives you more optionality.
2. Different buyer pool, different cap rates. Fort Lauderdale luxury condos historically trade at slightly lower per-square-foot pricing than equivalent Miami product, while rental yields can be marginally better on full-year leases. For investors building yield-focused portfolios, this matters.
3. Direct ocean access for boating. If you (or your future buyer) own a boat above the 60-foot mark, your residential options in Miami are quite limited. Fort Lauderdale — and Pier Sixty-Six specifically — opens a completely different boating lifestyle than what Miami can offer.
If you're newer to multi-property structuring across South Florida, my piece "The Miami Business Owner's Real Estate Portfolio Roadmap: How to Go From One Property to a Portfolio in 2026" walks through the framework for systematically adding properties — including the case for geographic diversification within Florida.
Miami Market Snapshot — May 2026
- Fort Lauderdale waterfront luxury condo ($2M+) median sale price: $2,840,000
- Miami-Dade luxury condo ($2M+) median sale price: $3,260,000 (a 13% premium over Fort Lauderdale)
- Fort Lauderdale active luxury condo inventory: 380 units (a 9-month supply)
- Average megayacht slip lease (over 100 feet) in Fort Lauderdale: $80,000-$220,000 per year — making owned slips at residential buildings highly valuable
- South Florida luxury sales over $5M in May 2026: 28 closings (across Miami-Dade and Broward combined)
How to Approach Pier Sixty-Six Phase 2 as a Buyer
If Pier Sixty-Six Phase 2 fits your portfolio thesis, here's the playbook:
- 1Get on the reservation list now. Phase 2 will sell to existing Pier Sixty-Six Phase 1 owners and Tavistock's broader Florida buyer network before broad-market release. Working through a connected broker is the only realistic way to access the best unit selection.
- 1Negotiate slip allocation in the contract. Marina slip rights at Pier Sixty-Six are arguably worth more than the unit itself for the right buyer. Get the slip allocation, size limitations, and any associated fees in writing at the contract stage.
- 1Understand the deposit waterfall. Tavistock projects typically follow a 10-10-10-balance deposit structure tied to construction milestones, with construction expected over 24-36 months from groundbreaking. Make sure your liquidity matches the schedule.
- 1Plan for the Phase 1 comparable. Look at how Phase 1 residential pricing has performed in the resale market. That's your best leading indicator for Phase 2 long-term price discovery.
Explore the full Pier Sixty-Six area of Fort Lauderdale and the broader South Florida luxury waterfront market on my website: carloscabalerealtor.com.
Frequently Asked Questions
Q: When will Pier Sixty-Six Phase 2 break ground? A: Tavistock has released the project plan but specific construction timing depends on permitting and final approvals. Major residential phases at Pier Sixty-Six have typically moved from announcement to construction start within 12-18 months. Updated timing comes through reservation-list communications.
Q: Are Pier Sixty-Six residences eligible for the Florida homestead exemption? A: Yes, if used as your primary Florida residence. The standard Florida homestead exemption reduces taxable value and caps annual assessment increases at 3%. For non-primary or seasonal residences, the Save Our Homes cap doesn't apply, but you remain eligible for other Florida tax advantages.
Q: How does Pier Sixty-Six compare to Las Olas waterfront projects? A: Pier Sixty-Six is marina-first — the boating ecosystem is the central amenity. Las Olas projects are typically river or canal frontage with smaller slip capacity. For megayacht owners, Pier Sixty-Six is in a different category. For buyers prioritizing restaurants and walkable lifestyle, Las Olas wins.
Q: Should a Miami buyer really consider Fort Lauderdale pre-construction? A: Yes, selectively. The portfolio diversification logic is real, the boating access is genuinely different, and the per-square-foot pricing is typically 10-15% lower than Miami equivalents. The right Miami buyer for Fort Lauderdale is one with a multi-property strategy and specific use cases the Fort Lauderdale market serves better than Miami.
Let's find your next property together — Miami, Fort Lauderdale, or both.
Partnership Realty / Partnership Realty Inc / +1 (561) 629-0358 / carloscabalerealtor.com
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Content Team · Partnership Realty Inc
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