This week brought the end of an era with the demolition of the former Howard Johnsons hotel that had been abandoned since Hurricane Wilma in 2007. The old hotel was severely damaged and then with the economic downturn no developer could put together a plan and the necessary resources for any sort of development.
Breaking ground later this year will be the new Paramount Residences which is being promoted as the first true Ultra Luxury property directly on Fort Lauderdale’s beach in a decade. The Paramount will be an 18 story building with 95 condominium homes. Developers are hoping that the first residents will be moving in mid-year 2016. Prices start at $1-million and go up from there.