FORT LAUDERDALE, FLA. — Dependable Equities has obtained a $54 million construction loan from CDK Capital, with Valley National Bank serving as a participating lender, to support the planning and pre-development of two luxury high-rise communities located at 101 SE 7th St. and 633 SE 3rd Ave. in Fort Lauderdale. Dependable Equities is the South Florida division of Sky Equity Group, a New York City-based real estate development firm.
Together, the projects encompass approximately 2 million square feet featuring 1,460 condominium and multifamily residences and roughly 14,000 square feet of ground-floor commercial space. Both projects were designed by architecture firm ODA. The financing was arranged by Daryl Hagler and Allen Weinstein of CDK Capital. Construction is expected to begin in early 2028.