Meyers Accesso, a partnership between Meyers Group and Accesso, is planning to build a 200-unit apartment complex in the Cypress Creek neighborhood of Fort Lauderdale. The project, named Avery Cypress Creek, will be located at 6210-6282 North Andrews Avenue. According to records and the developer’s website, the new development will rise eight stories and offer one- and two-bedroom apartments.
The development site covers 2.2 acres and was purchased from Double Mountain Development Ventures. The transaction involved a $1.6 million loan from Sky 18 Capital, based in Miami. Colliers’ Dave Preston and Jonathan Carter represented the seller in the deal.
Avery Cypress Creek is situated within the Uptown Urban Village, an area targeted by city officials for increased mixed-use development. This district extends from McNab Road and the C-14 canal south to Northwest 57th Street, and from I-95 west to Powerline Road. Fort Lauderdale approved a master plan for the area in 2019, encouraging new residential and commercial projects.
Several other developers have also launched projects in Uptown Urban Village. Grover Corlew is working on the 312-unit Mayla Cypress apartment project nearby, while Fairfield Residential recently completed the seven-story, 295-unit Treo Apartments. Pinnacle has plans for an affordable housing development with two buildings totaling 196 units.
Meyers Accesso has experience with similar projects in South Florida. Last year, it completed the 200-unit Avery Lake Worth development and acquired the Atrium at Broken Sound office building in Boca Raton for $25 million. The joint venture was established in 2022.
Meyers Group, led by CEO Alan Losada, focuses on market-rate and affordable apartments, hotels, and condominiums. The company was founded about ten years ago by Stuart I. Meyers, who passed away this summer at age 83. Many of its multifamily developments use the Avery brand and are financed with low income housing tax credits.
Accesso, headed by Ariel Bentata, Moises Benzaquen, and Claudio Dombey, has managed more than $3.3 billion in properties nationwide over the past two decades. In January, Accesso bought the Sawgrass Lake Center office building in Sunrise for $36.5 million, representing a significant discount compared to its previous sale price.
While Accesso has faced challenges with some of its office holdings outside Florida, particularly in Chicago and Houston, it continues to invest in South Florida real estate.
The region’s multifamily market has slowed over the past year due to reduced migration and an oversupply of apartments, resulting in lower rents and slower leasing activity. However, developers remain optimistic that demand will recover by the time new projects are completed between next year and 2027.
Other notable developments underway in Fort Lauderdale include Affiliated Development’s The Era, a planned eight-story building with 400 apartments financed by an $80 million construction loan, and Fuse Group’s Arcadian complex with 480 apartments and retail space.
