Meyers Accesso, a partnership between Meyers Group and Accesso, plans to develop a 200-unit apartment complex called Avery Cypress Creek in Fort Lauderdale’s Cypress Creek neighborhood. The eight-story project is slated for 6210-6282 North Andrews Avenue, according to company records and information on Meyers’ website.
The joint venture acquired the 2.2-acre site from Double Mountain Development Ventures. The transaction included a $1.6 million loan from Sky 18 Capital, based in Miami. Colliers representatives Dave Preston and Jonathan Carter handled the sale for the seller.
Avery Cypress Creek will offer one- and two-bedroom apartments. The development is located within Uptown Urban Village, an area targeted by city officials for mixed-use projects following the approval of a master plan in 2019. Several developers have launched projects in this district since then, including Grover Corlew with its Mayla Cypress apartments and Fairfield Residential’s Treo Apartments. Pinnacle has also proposed an affordable housing development nearby.
Meyers Accesso has other projects in South Florida, such as Avery Lake Worth, which was completed last year and consists of two buildings with 200 units. In addition, the partnership bought the Atrium at Broken Sound office building in Boca Raton last year for $25 million.
Formed in 2022, Meyers Accesso combines the experience of Meyers Group and Accesso. Meyers Group focuses on market-rate and affordable apartments, hotels, and condominiums. It was founded about ten years ago by Stuart I. Meyers and is now led by CEO Alan Losada. Many of its multifamily developments operate under the Avery brand and use low income housing tax credits.
Accesso was established more than twenty years ago by Ariel Bentata, Moises Benzaquen, and Claudio Dombey. The firm manages over $3.3 billion in properties nationwide and owns more than 18 million square feet of office space along with over 1,000 residential units. In January this year, Accesso purchased Sawgrass Lake Center in Sunrise for $36.5 million—a significant discount compared to its previous sale price in 2018.
While Accesso has faced challenges with some office holdings outside Florida, particularly in Chicago and Houston, it continues to expand its presence in South Florida.
South Florida’s apartment market has slowed recently due to decreased migration into the region and an oversupply of new units. This has resulted in lower rents and slower leasing activity over the past year. Developers expect that demand will rise again when current projects are finished next year or in 2027.
Other large-scale residential developments underway in Fort Lauderdale include Affiliated Development’s The Era—an eight-story building with 400 apartments—and Fuse Group’s Arcadian complex with 480 apartments and retail space.
