The Andare Effect - Why New $2M+ Luxury Condos Could Help Reprice Las Olas River House

by Craig Bujnowski

At first glance, Andare might look like competition for Las Olas River House.

I see another possibility:

Andare could actually make River House more compelling.

Andare represents the next generation of downtown Fort Lauderdale luxury, bringing high-end design, extensive amenities and expensive new inventory directly to Las Olas Boulevard.

5 Reasons the “Andare Effect” Could Matter

1. Andare Establishes a New Luxury Benchmark
When buyers start accepting substantially higher prices for new residences on Las Olas, the entire neighborhood’s luxury pricing conversation changes.

2. New Construction Makes Replacement Cost Visible
Ask a simple question: What would it cost to build River House today? Land, construction, amenities and development costs have risen dramatically. That makes established luxury worth examining differently.

3. River House Becomes the Value Alternative
A buyer might love the Las Olas lifestyle but not want to pay the premium for brand-new construction. River House provides an established alternative.

4. Andare Brings More Affluent Residents to Las Olas
More luxury residents can support better restaurants, retail, fitness and services—which potentially benefits every nearby luxury building.

5. River House Doesn’t Need to Beat Andare
It simply needs to offer an attractive combination of location + space + waterfront + amenities + price.

THE ANDARE EFFECT

New luxury development doesn’t automatically make older luxury obsolete.

Sometimes it makes the value of existing luxury much easier to see.

Craig Bujnowski
Luxury Waterfront & Las Olas Condo Advisor
@craigbuj | 617-784-7504