Meyers Accesso, a partnership between Meyers Group and Accesso, is planning to build an eight-story apartment building with 200 units in Fort Lauderdale’s Cypress Creek neighborhood. The project, named Avery Cypress Creek, will be located at 6210-6282 North Andrews Avenue.
According to public records and information from Meyers’ website, the joint venture purchased the 2.2-acre development site from Double Mountain Development Ventures. The transaction was facilitated by Dave Preston and Jonathan Carter of Colliers, who represented the seller. To finance the acquisition, Meyers Accesso secured a $1.6 million loan from Sky 18 Capital.
Avery Cypress Creek is expected to feature one- and two-bedroom apartments. The site is situated within Uptown Urban Village, an area designated by city officials for mixed-use development following approval of its master plan in 2019.
The Uptown Urban Village has attracted several developers since then. Grover Corlew is currently working on the Mayla Cypress apartment project nearby with 312 units, while Fairfield Residential recently completed Treo Apartments—a seven-story building with 295 units—at another location in the district. Pinnacle also plans to add affordable housing in the area with buildings totaling nearly 200 units.
Meyers Accesso has other active projects in South Florida as well. Last year, it finished construction of Avery Lake Worth—a two-building complex with 200 apartments—and acquired an office property in Boca Raton for $25 million.
The Meyers Accesso joint venture was established in 2022. Meyers Group specializes in developing and managing both market-rate and affordable multifamily properties as well as hotels and condominiums; it was founded about ten years ago by Stuart I. Meyers, who passed away this summer at age 83.
Accesso has been involved in real estate for over two decades under leaders Ariel Bentata, Moises Benzaquen and Claudio Dombey. The company reports ownership or management of more than $3.3 billion worth of property nationwide.
South Florida’s rental market has slowed compared to recent years due to lower migration rates and a surplus of new apartments entering the market, resulting in decreased rents and longer lease-up periods for new developments.
Developers remain optimistic that demand will rebound by the time current projects are completed over the next couple of years.
Elsewhere in Fort Lauderdale’s multifamily sector, Affiliated Development received an $80 million construction loan earlier this year for a planned eight-story building called The Era that will offer 400 apartments; Fuse Group is developing Arcadian—a complex that will include both residential units and retail space.
