Construction has officially topped off on the second phase of Society Las Olas, a 42-story residential tower at 140 Southwest 2nd Street in Downtown Fort Lauderdale. Developed by Property Markets Group (PMG) in partnership with Toronto-based Greybrook Realty Partners, the 450-foot-tall project marks a major milestone for what is set to become the city’s largest multi-residential development. John Moriarty & Associates is serving as the general contractor, with full completion expected in early 2026.
Designed by FSMY Architects + Planners, the tower will yield 563 rental apartments, including a mix of traditional layouts and co-living “Rent-by-Bedroom” options—offering some of the most accessible entry rents for a building of this scale in the region. The structure will also include 1,625 square feet of ground-floor retail and a robust amenity package tailored to a modern, community-driven lifestyle. Planned features include a coworking hub with private meeting rooms, a sprawling outdoor pool deck with a yoga lawn, and a large-scale fitness center. Society Las Olas will also offer residents regularly programmed events such as fitness classes, panel discussions, and networking gatherings to foster social connectivity.
The development is part of PMG’s Society Living platform, a growing national multifamily brand aimed at creating thoughtfully designed, attainable housing in walkable urban neighborhoods. With Phase I completed and sold in 2021, the second phase brings the full vision for Society Las Olas closer to reality and further activates the city’s Historic Riverfront District.
“As we reach this important construction milestone and grow closer to welcoming residents, our team remains committed to delivering thoughtfully designed residences that embrace the lively local atmosphere,” said Ryan Shear, Managing Partner at PMG.
Sami Mouaket, Director of U.S. Investments and Developments at Greybrook, added, “It’s encouraging to top off the second phase of what will be Fort Lauderdale’s largest multi-residential project to date. These investments activate the Las Olas Riverwalk as a multi-use neighborhood. The urban fabric and downtown context continue to evolve rapidly and we’re glad to be a part of it.”
PMG launched its Society Living brand in 2019 to meet rising demand for community-focused rental housing in desirable urban locations. With more than 8,500 units in the pipeline, the platform is actively expanding to cities including Miami, Orlando, Nashville, Atlanta, Denver, and Brooklyn.
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