Ombelle Secures $50 Million Financing as Development Advances Through Pre-Construction

Ombelle Fort Lauderdale, a luxury residential development taking shape in the heart of Flagler Village, has secured $50 million in initial financing from Dwight Mortgage Trust, representing a portion of the anticipated $350 million construction financing. Developed by Dependable Equities, the project is part of a 1.4 million-square-foot mixed-use development shaping one of Fort Lauderdale’s fastest-growing neighborhoods.

The transaction was arranged by The SHB Group, led by Steven Hersko, managing director.

The financing follows a series of major capital markets transactions by the developer, including the recent $765 million refinancing of The Rocklyn, a 1,100-unit multifamily development in Brooklyn.

“This financing marks an important milestone at Ombelle and positions the project for continued success,” said Isaac Schlesinger, principal at Dependable Equities. “We are seeing solid engagement from buyers and a high level of interest in the overall vision, which continues to reinforce confidence in the project.”

The financing was secured amid strong early sales activity and continued progress across pre-construction efforts, positioning the development for the next phase of execution.

The milestone comes as the development continues to advance through pre-construction, with site preparation activities underway, including initial groundwork and geotechnical investigations and site preparation work. The approach reflects a broader emphasis on thoughtful, intentional development from the earliest stages of the project.

“Ombelle has generated strong and consistent demand from buyers looking for a well-rounded lifestyle offering in downtown Fort Lauderdale,” said Kenny Drysdale, director of sales for Ombelle Fort Lauderdale. “From design and amenities to flexibility in how residents can live and use their homes, the response has been consistent and continues to build.”

Designed by ODA Architecture, Ombelle will feature two 44-story towers at 300 NE 3rd Ave., forming part of a large-scale mixed-use development that integrates residential, wellness and retail experiences within an urban setting. The project will include ground-floor retail, dining and service-oriented offerings designed to complement the surrounding neighborhood, alongside fully finished and furnished residences ranging from studios to four-bedroom homes and penthouses, with pricing starting in the $400,000s.

Ombelle is anchored by more than 100,000 square feet of indoor and outdoor amenities, in addition to a 35,000-square-foot Equinox Fitness Club, marking the brand’s first location in Fort Lauderdale. Residents will have access to a comprehensive wellness offering that includes a curated spa experience with treatment rooms, sauna and steam, experiential showers and cold plunge pools, alongside fitness and lifestyle programming designed to support a health-focused approach to living.

Located in Flagler Village, Ombelle is positioned within one of the city’s most active growth corridors, with access to Brightline, Fort Lauderdale-Hollywood International Airport and Port Everglades. The development is surrounded by a mix of residential, retail and cultural destinations contributing to the area’s continued growth.

Construction is expected to be completed in 2028. Douglas Elliman Development Marketing is the exclusive sales and marketing partner for Ombelle Fort Lauderdale. Private presentations are available at the Ombelle Presentation Gallery at 315 NE 3rd Ave., Suite CU103, Fort Lauderdale, Florida 33301. For more information or to book a private presentation, visit ownombelle.com.