{"id":4513,"date":"2007-10-20T11:34:03","date_gmt":"2007-10-20T11:34:03","guid":{"rendered":"https:\/\/www.ewmrealestate.com\/blog\/2007\/10\/20\/the-las-olas-riverhouse-neighboring-high-rise-site-sold\/"},"modified":"2019-04-22T20:40:35","modified_gmt":"2019-04-22T20:40:35","slug":"the-las-olas-riverhouse-neighboring-high-rise-site-sold","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/the-las-olas-riverhouse-neighboring-high-rise-site-sold\/","title":{"rendered":"The Las Olas Riverhouse Neighboring High Rise Site SOLD"},"content":{"rendered":"

<\/a>\"100<\/a>Tarragon Corporation, the developers of the Las Olas Riverhouse, has announced its recent sale of 100 E. Las Olas Boulevard for $15 Million to Simmons Vedder & Co.<\/strong><\/p>\n

100 E. Las Olas<\/strong> was originally planned to be a 25 story high rise<\/strong> adjacent to the Riverhouse. The tower was to be adjoined to the Riverhouse by a sixth floor terrace. The first two floors of the tower were designed for mixed use<\/strong> which would have included a day spa and fine dinning to name a few. The prices were to range from $600,000’s to over $900,000<\/strong>.<\/p>\n

The tower upset many of the current Riverhouse owners since 10\"Las<\/a>0 E. Las Olas would be blocking some of their views. The Riverhouse owners will not be able to breath an early sign of relief just yet. The new owners Simmons Vedder & Co<\/a>. do plan to have involved discussions<\/strong> with Riverhouse owners<\/strong> and neighboring commercial owners<\/strong> to make sure the building will be in context of its urban setting<\/strong>. Simmons and Vedder has not yet released how tall<\/strong> the new building will be but it will contain a mix use of retail, office, and hotel options.<\/strong><\/p>\n

The sale of the property by Tarragon <\/a>was spurred by their need to become more liquid to reduce their dept<\/strong> in the current market. Tarragon Corp also sold the following two properties :<\/p>\n