Alta Developers secures $140.2 million for Fort Lauderdale tower

Alta Developers has secured a $140.2 million senior construction loan from JVP Management to fund the development of Alta New River, a planned 35-story residential tower in downtown Fort Lauderdale.

The project, located at 100 SW Sixth Street, will feature 400 luxury rental apartments with an average size of approximately 840 square feet. Planned amenities include a pool deck, outdoor kitchen, fitness facilities, co-working lounges, club rooms, and a spa. The building will also include a nine-story parking garage.

Construction is scheduled to begin in November 2026, with completion targeted for late 2028 or 2029. Kaufman Lynn Construction has been appointed as the general contractor, while Dorsky + Yue International will provide architecture services. Greystar is expected to manage the property upon completion.