Dependable Equities has secured $54 million in pre-construction financing for a two-tower mixed-use project planned just south of the New River in Downtown Fort Lauderdale, according to the developer's Instagram. Designed by New York-based architecture firm ODA, the development would deliver towers reaching up to 47 stories with nearly 1,460 residences and 14,000 square feet of retail — totaling almost 2 million square feet of new construction.
The $54 million raise is the most concrete indicator to date that the project is advancing through its pre-construction pipeline. Pre-construction capital at this stage typically covers design development, engineering, early permitting costs, and site preparation — work that precedes the substantially larger construction financing raise a program of this scale would require. Dependable Equities has not announced a groundbreaking date or delivery window in the source.
The two-tower configuration at nearly 1,460 combined units places this among the larger multifamily proposals in Broward County if built as described. Structuring the development across two towers gives Dependable Equities the option of phased delivery — a structure that lenders and equity partners favor when lease-up absorption at scale is the primary risk. At 14,000 square feet, the retail component is proportionally modest against the nearly 2-million-square-foot total program, suggesting the ground-floor commercial space is intended as a residential amenity rather than a destination retail corridor.
