FORT LAUDERDALE, FLA. – May 8, 2014 – Jeff Ostrow, managing partner at Fort Lauderdale-based law firm Kopelowitz Ostrow P.A., and Fort Lauderdale-based full-service real estate firm Stiles, hosted the groundbreaking of Las Olas Boulevard’s newest commercial project, One West Las Olas. The event took place yesterday, May 7, at 4 p.m.
Mayor of Fort Lauderdale Jack Seiler along with nearly 150 company and construction executives, community leaders and VIPs were on-site to celebrate. The mayor spoke and said, “I could not be more pleased as the Mayor of this city to see a signature building come in on this corner.” Seiler added, “We are going to be proud of this building for many years to come.”
Situated at the corner of Andrews Avenue and Las Olas Boulevard in Fort Lauderdale, the 35,000-square-foot office building will boast six floors of class A office space, along with a rooftop sky lounge and 1,500 square feet of ground floor retail. The property is being developed by One West Las Olas LLC, which is managed by Jeff Ostrow. One West Las Olas will serve as the new headquarters for Kopelowitz Ostrow P.A., which will occupy approximately 12,000 square feet across two full floors.
The estimated $7 million project is expected to open in the second quarter of 2015. Stiles will utilize a fast track construction delivery method, which has been employed successfully to projects of similar size and scope. Nearly 100 jobs will be created through the 12-month construction period.
“Kopelowitz Ostrow P.A. has entered an exciting new growth era that has solidified our position in our hometown of Fort Lauderdale while allowing us to take a more active role in the continuing development of Las Olas Boulevard, where we are deeply rooted” said Ostrow. “We believe our new state-of-the-art office and retail building will further enhance the beautiful architecture and landscapes of Las Olas Boulevard while enriching the amazing culture and vibrant day-and night-life that exists in the area.”
The project will be built by Stiles Construction and has been designed by Stiles Architectural Group. In addition, Stiles Realty is actively leasing the property while Stiles Property Management is positioned to manage the assignment upon completion.
“Stiles is proud to employ our various disciplines to help take this exciting project from vision to reality,” said Stiles Construction president Tim Moore. “One West Las Olas will help to further establish Kopelowitz Ostrow P.A. as one of South Florida’s most prominent law firms while enriching Las Olas Boulevard and the historic block that is home to a variety of well-known retailers as well as Stiles’ 445,000-SF Class A mixed-use development, The AutoNation Building.”
Stiles was a natural choice for the project, having successfully developed more than 3.5 million square feet of urban office and residential projects on Las Olas Boulevard, including several highly distinguished LEED-certified office projects, such as The Autonation Building, Bank of America Plaza at Las Olas City Centre, Plaza at Las Olas, and Las Olas Centre I and II. In addition to One West Las Olas, Stiles is preparing to unfold plans for its newest urban development in downtown Fort Lauderdale, a LEED-certified 254-unit luxury residential tower of 30 floors, located one block from Las Olas Boulevard and 8th Street.
About Jeff Ostrow and Kopelowitz Ostrow P.A.
Jeffrey M. Ostrow is the Managing Partner of Fort-Lauderdale based full-service law firm Kopelowitz Ostrow P.A. He co-founded Kopelowitz Ostrow in 2001 and has since grown the firm to forty attorneys in three offices throughout South Florida. He is a Martindale-Hubbell AV® Preeminent™ rated attorney in both legal ability and ethics. Originally founded more than two decades ago, Kopelowitz Ostrow P.A. has successfully represented clients in Florida and throughout the United States. The firm is one of the fastest growing mid-sized law firms in Florida with comprehensive services including business law, commercial litigation, class action representation, real estate, family law, employment law, and estate planning, amongst other areas. The firm’s clients range from lending institutions, public and privately held business entities, government entities, corporate conglomerates, individuals, real estate and construction industry professionals, and employers and employees. Learn more at kolawyers.com.
Stiles is a full-service commercial real estate firm with a clear mission: Invest. Build. Manage. Stiles services include development, construction, tenant improvement, realty, property management, architecture, acquisitions and financing. Headquartered in Fort Lauderdale, Florida, Stiles also maintains regional offices in Miami, Palm Beach, Fort Myers, Tampa and Orlando, Florida, as well as Charlotte, North Carolina. Stiles is responsible for more than 40 million square feet of office, industrial, retail and mixed-use residential projects throughout the southeastern United States. For more information, please visit www.stiles.com or call 954-627-9300.
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