December 22, 2022

Kolter Obtains $240M Construction Loan for Selene Fort Lauderdale

rendering of selene
Great news for our future residents at Selene Oceanfront Residences just in time for the holidays – Selene is making headlines again. The South Florida Business Journal just reported the news of the finalization of our construction financing. Here’s a look at the story:

As Seen in the South Florida Business Journal

By Brian Bandell – Senior Reporter

Kolter Group broke ground on an oceanfront condominium in Fort Lauderdale that will be the city’s tallest condo on the beach.
Wells Fargo Bank, as administrative agent for a group of lenders, assumed the $17.4 million mortgage with KT Seabreeze Atlantic LLC, an affiliate of Delray Beach-based Kolter Group, and boosted it to $240 million. The loan covers the Selene Oceanfront Residences project at 3000 Alhambra St.
Miami-based Coastal Construction Co. recently noticed county officials that it began work on the 194-unit project, which will have two 26-story towers.
oceanfront residences at selene

Coastal Brilliance in the Heart of Fort Lauderdale Beach

Soaring to 300 feet, each of Selene’s residences is luxuriously designed to be a “home in the sky,” with floor-to-ceiling windows showcasing panoramic views of the Atlantic Ocean, Intracoastal Waterway, and vibrant city skyline. These two- and three-bedroom residences range from 1,400 to over 3,200 square feet, while eight exclusive Sky Penthouses range from 2,453 to 5,183 square feet. Each residence will enjoy an ideal indoor/outdoor living space perfect for year-round entertaining, including flowing contemporary floorplans, dramatic great rooms, and expansive private terraces.
A carefully curated collection of indoor and outdoor amenities will cater to residents of all ages and stages of life. Upon arrival, residents will be greeted by dedicated lobby staff with concierge and valet service. Inside, The Wave Entertainment Lounge and The Seasons Gathering Lounge offer premium entertainment areas, featuring a wine wall, catering kitchen, large communal dining area, and an Event Terrace. Overlooking lush gardens, a state-of-the-art Fitness Center will offer cardio with a tropical twist, along with a dedicated Movement Studio. Outside, Selene’s elevated Seaview Amenity Deck boasts breathtaking ocean views, with a resort-style pool, 75’ lap fitness pool, spa, poolside cabanas, outdoor kitchen, multiple fire pit lounge areas, and a dog park and dog wash for four-legged companions.
aerial view of the selene construction site

Selene's Prime Oceanfront Location

Selene’s resort-style collection of amenities and stunning residences will be a short walk away from stylish boutiques, art galleries, cafes, and restaurants along A1A and Las Olas Boulevard. Luxury retailers at The Galleria of Fort Lauderdale are within a 10-minute drive. For outdoor enthusiasts, miles of hiking trails and freshwater kayaking are all within a bird’s eye view of Selene at Hugh Taylor Birch State Park. Selene’s location is ideal for frequent travelers with Hollywood-Ft. Lauderdale International Airport just 15 minutes away.
Priced from $2.7 million, construction is now underway for Selene and sales have been brisk. For more information on current availability and interior finishes and features, the Selene Presentation Gallery is open daily at 2591 E. Sunrise Blvd. Please stop by or call 954-833-1911 to schedule a private appointment. To preview a virtual tour of the community or see the residence floorplans, visit
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