Fairfield Delivers Coasterra Apartments in Fort Lauderdale and Reaches Stabilization

The brand-new community adds luxury housing and retail space to Las Olas district

SAN DIEGO, CA – May 21, 2025 – Multifamily developer and operator Fairfield today announced the completion of construction of Coasterra Apartments, a mid-rise community that adds 242 studio, one-, and two-bedroom apartments to downtown Fort Lauderdale, Fla. Located at 150 SE 3rd Avenue in the trendy Las Olas district, the community is just one block from Los Olas Boulevard and offers an array of lifestyle amenities, including three commercial spaces occupied by Solidcore, a Pilates studio; Ideal Nutrition, a meal prep delivery and pickup; and Regions Bank.

“We have an incredibly desirable infill location, a beautiful, forward-thinking design, and a top-of-the-line interior design package,” said President of Development Tommy Brunson. “I’m pleased—but not surprised—to see how quickly we reached stabilization now that we have the final certificate of occupancy.”

Brunson described the construction as “extremely complicated” because of the building’s location adjacent to the One Financial Plaza office building and considers the project a prime example of excellent communication and coordination from Fairfield’s vertically integrated development platform. “We delivered the right product at the right time with extreme precision,” he continued about Coasterra’s delivery to the competitive Florida market.

Inside, Coasterra boasts apartments in two designer finish schemes and in-demand amenities such as a state-of-the-art fitness center with Technogym® Visioweb, a heated resort-style pool with central multimedia cabana, and enhanced closet designs by Organized Living®.

Fairfield also recently completed construction on Treo Apartments at 6500 N. Andrews Avenue in Fort Lauderdale, adding another 295 apartments to the market. Convenient to I-95 and the employment centers of downtown, this community of studio, one-, and two-bedroom apartments offers similar amenities for residents and expands Fairfield’s footprint in Florida.

Coasterra Apartments and Treo Apartments are now open and leasing online and in person. Visit the website to schedule a tour or start the leasing process.

About Fairfield

Fairfield is an owner, developer, and operator of multifamily communities throughout the U.S. We own approximately 45,500 units nationwide across luxury new construction, renovated apartment homes, and tax credit affordable housing in urban and suburban neighborhoods. We offer a vertically integrated national multifamily services platform providing development, construction, renovation, asset and property management, and acquisition and disposition services to our investors. Fairfield operates nationwide, headquartered in San Diego with regional offices in Atlanta, Boston, Dallas, Denver, and Washington, D.C. Fairfield Realty Advisors LLC is registered as an investment adviser with the U.S. Securities and Exchange Commission.

For more information, please visit our website at FairfieldResidential.com or contact: