Real Estate Notebook: Gale Residences about 60 percent sold

The developer of Gale Residences Fort Lauderdale Beach says more than 60 percent of the 129 condominiums are under contract.

Newgard Development Group is building the 12-story project at 2900 Riomar St., next to the former Escape hotel. The Gale has one-, two- and three-bedroom units from 800 to 2,100 square feet. Prices range from the $400,000s to $1.4 million.

Owners can live in the units full time or put them in a rental program provided by Gale.

One Sotheby’s International Realty is handling sales, which launched last spring. Groundbreaking is scheduled within the next 60 days, and the project is expected to open in winter 2017.

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