Dependable Equities has locked in $50 million in pre-construction financing for Ombelle, a two-tower condo complex planned for Fort Lauderdale’s Flagler Village. The cash gives fresh momentum to a long-teased project that is slated to bring roughly 775 homes and more than 100,000 square feet of amenities to the fast-growing neighborhood. Sales launched in 2024 and are ongoing, with prices marketed from the $400,000s and construction expected to run toward a 2028 completion window.
According to CityBiz, Dwight Mortgage Trust provided the $50 million loan, and the financing was arranged by Steven Hersko’s SHB Group. The Real Deal reported that Dependable Equities and Rabsky Group co-owner Simon Dushinsky expects the developer will line up roughly $300 million more in construction financing as Ombelle moves out of the pre-construction phase.
Design and amenities
Project materials describe two sculptural towers at 300 Northeast Third Avenue that will hold about 775 residences stacked over a hefty amenity program of more than 100,000 square feet. The lifestyle centerpiece is planned as a 35,000-square-foot Equinox fitness club, giving the complex the kind of gym most stand-alone buildings would envy.
Residences are slated to come fully finished and furnished, from studios up to four-bedroom homes, with ground-floor retail and extensive wellness areas woven into the podium. OwnOmbelle.com and design firm ODA Architecture showcase floor plans, renderings, and the amenity list that sales teams are using to pitch the project.
Permitting and height
Behind the glossy marketing, the permitting history has been a bit more tangled. City records show the Fort Lauderdale Development Review Committee initially approved a 43-story design. A later request to add one floor and tweak the podium dimensions was turned down, according to the city’s Legistar system. That back-and-forth helps explain why promotional materials and some media coverage alternately peg Ombelle’s towers at 43 or 44 stories. The amendment to add the extra floor was not approved, City of Fort Lauderdale records show.
Even with the permitting hiccups, Dependable Equities is pushing ahead as Broward County’s development pipeline stays crowded. Recent reporting puts at least 3,900 condos and apartments somewhere in the works across the county, with much of that new density clustering in Fort Lauderdale and Pompano Beach. Dependable has also floated a nearby 47-story, 830-unit rental tower at 633 Southeast Third Avenue, underscoring its strategy to plant a flag in both the for-sale and rental markets downtown, according to The Real Deal.
“This financing marks an important milestone at Ombelle and positions the project for continued success,” Dependable principal Isaac Schlesinger said in a statement, per CityBiz. The outlet adds that site preparation and geotechnical investigations are already underway as the development works through pre-construction.
Sales and buying
Douglas Elliman Development Marketing is leading sales, with private presentations taking place at a gallery at 315 NE Third Avenue. With entry prices in the $400,000s and larger residences and penthouses commanding significantly higher numbers, Ombelle is pitching itself to a wide spectrum of buyers, from first-time condo owners to upgrade-minded, amenity-focused households. Appointment information and pricing ranges are posted on OwnOmbelle.com.
The $50 million bridge loan clears a key early capital hurdle, but Dependable still needs to secure the much larger construction package it is targeting before cranes start climbing in a serious way. For Fort Lauderdale, Ombelle represents another big wager on Flagler Village as a dense, amenity-heavy hub, one that will be tested as thousands of new units across Broward County eventually hit the market.
