Cymbal DLT Companies

Cymbal DLT's Chairman, Asi Cymbal, brought valuable insights to the Commercial Observer's South Florida Development & Capital Leadership Forum in Miami, speaking on the panel "Will Florida's Amendments to the Live Local Act Spark a New Wave of Affordable Housing?" with Matthew Scott with Greenspoon Marder and Brian Heide with Bank of America. As a pioneer in implementing the Live Local Act (LLA), Cymbal shared his experience with Laguna Gardens, one of the first projects completed under this legislation. During the panel, he advised fellow developers to leverage existing plans and focus on quality to attract tenants, noting that LLA’s flexibility allows for implementation in projects already underway. He also highlighted the strong demand for quality affordable housing, as evidenced by Laguna Gardens' lease success. A special thanks to Commercial Observer for organizing a fantastic event.

Cymbal DLT's Chairman, Asi Cymbal 🎗️, was recently featured in Commercial Observer's '5 Questions With' series. In this interview, he discussed Cymbal DLT's commitment to high-quality, design-driven development and unique vertical integration strategy. This approach combines our development and general contracting expertise, allowing us to control about 65% of project costs typically associated with construction, resulting in more efficient and cost-effective projects. The feature also highlights the successful completion of Laguna Gardens, which proudly stands as South Florida's first project under the Live Local Act. This milestone reflects our dedication to addressing the region's housing needs while upholding our high standards of quality and design. At Cymbal DLT, we’re committed to creating vibrant, sustainable communities that enhance the lives of South Florida residents

With the Federal Reserve signaling the possibility of two more interest rate cuts this year, developers view this as a pivotal moment for increased investment activity and project revitalization. A reduction in the Fed's benchmark rate could signal the beginning of a turnaround in asset pricing, particularly in the resilient South Florida market. At Cymbal DLT, our success stems from capitalizing on opportunities as they arise, regardless of market cycles. By embracing a long-term investment strategy, we focus on maximizing the growth potential of our investments over time, reducing the need for reactive adjustments to short-term market fluctuations and economic shifts. This approach ensures we remain positioned for sustained success.

This week, the Federal Reserve cut interest rates by 50 basis points - a move that many in the real estate industry were anticipating. Cymbal DLT's Asi Cymbal 🎗️ comments to Bisnow, saying, "This cut will help alleviate the biting restriction of today's high interest rates, signaling the beginning of a turnaround in asset pricing while also providing a cyclical boost to real estate investment and development. Both residential and commercial sectors will feel the positive effects of these adjustments, specifically with multifamily investments experiencing improved financing options. However, a more meaningful impact on construction starts will require further rate cuts, especially given supply challenges." Read more: https://bit.ly/3TAGvzC

Cymbal DLT is excited to participate in a series of leading real estate speaking events this fall, featuring thought leadership from the visionaries who are building and investing in one of the hottest U.S. markets.. Join us at the below events to hear Cymbal DLT’s Asi Cymbal discuss delivering one of the first projects under the Live Local Act, how the firm is leveraging Florida’s legislation to combat the South Florida housing crisis, and how design-driven developments are raising the standard of living bar yet again. Bisnow‘s ‘State of the Market’ [Sept. 25] | Navigating the Financial Landscape: Opportunities and Risks  Commercial Observer's 'South Florida Forum’ [Oct. 9] | Will Florida’s Amendments to the Live Local Act Spark a New Wave of Affordable Housing?  The Real Deal's ‘South Florida Real Estate Forum' [Nov. 7] | How to Live Local: Leveraging Florida Legislation For Development  You can find tickets at each outlet's respective websites. Let us know if you are attending!  

Located in the coveted South Florida region, Oasis Pointe Residences offers not just long-term apartment rentals, but also lodging for the short-term. Catering to executives and business travelers, the furnished units provide a luxurious stay that feels just like home. Dwellers can experience the building's complete amenity package which includes private office suites, a state-of-the-art gym, resort-style pool & cabanas, as well as meditation and butterfly gardens. The complex is located just steps from Dania Pointe, the area's premier retail center, in addition to major commercial hubs, airports, and other local attractions. South Florida's short-term rental market has seen a uptick in demand thanks to the continued influx of visitors and new residents to the area looking for flexible accommodations. Learn more at: https://bit.ly/3XDpBCO

At Cymbal DLT, we believe great design enhances quality of life. Our partnership with the award-winning firm Jo PALMA and Partners perfectly aligns with this pillar. The firm’s ethos, centered on the belief that architecture is evolutionary, emphasizes the need to be socially responsible while preserving our planet for generations to come. Together, we strive to leave our environment better than we found it. Their work on projects like Laguna Gardens Apartments and the multifamily towers at the Nautico District reflects this commitment, blending modern aesthetics with nature to create spaces that are not only visually stunning but also environmentally conscious. Learn more at palma.global.

Today's multifamily developments are transforming family living with kid-centric amenities. Concepts are becoming more intentional and activity-driven, allowing curiosity and exploration to flourish while seamlessly integrating with the buildings' overall concept. From a vibrant outdoor playground to a metaverse room and game room, Cymbal DLT's Laguna Gardens apartment community features various thoughtfully designed amenity areas that cater to families' needs, reinforcing the firm's commitment to creating an engaged community that connects people and places. Featuring one- to three-bedroom apartments, Laguna Gardens is a 341-unit garden-style multifamily community adjacent to Hard Rock Stadium. One of the first to open under the Live Local Act, the complex offers attainable luxury residences at below-market rates to locals earning at or below the area's median income. To learn more, visit livelagunagardens.com

Recently, the City of Fort Lauderdale's Planning & Zoning board approved Phase II of the Nautico District, 5-2. It will consist of a condo tower, an apartment tower and a hotel with ground floor retail. The board said the "eye-catching design as being a standout compared to newly built towers nearby." Supporters noted that Phase II will, "bring new life to the neighborhood and give people another gathering spot south of the New River." Cymbal DLT attorney Stephanie Toothaker said, "...we’ve called this district Nautico because it’s an homage to the water and to the marine industry and of course the preservation of the marina that is there, although it is going to be upgraded and will be state-of-the-art.” The City of Fort Lauderdale commission vote is expected this October. Read more in the Sun Sentinel Media Group's latest:

As mentioned in South Florida Business Journal's latest, Cymbal DLT’s success is rooted in our development pillars. Our commitment extends beyond merely meeting existing needs. Through an integrated development approach, we create communities that offer long-lasting value. By incorporating cutting-edge technology and thoughtful design, we craft spaces that address today’s demands while building a legacy for future generations. These efforts come together to curate environments that resonate deeply with their residents. Read more: https://bit.ly/3MGQkZf