The world’s first yacht-branded residential tower, Riva Residenze in Fort Lauderdale Beach, has started converting reservations to binding purchase agreements, backers said.  

The 20-story, 36-condominum project by WellDuo, Vertical Developments and GCF Development pays homage to the Italian yacht maker Riva; yacht designer Giuseppina Arena is leading interior design. 

“Reaching the contract phase is a significant milestone for Riva Residenze,” WellDuo Co-Founder Eduardo Pelaez Romer said. “This project is a unique collaboration that brings the iconic Riva yachting lifestyle ashore, reimagined in an intimate, residential setting. We’re proud to see this vision resonate so strongly with buyers who appreciate the sophistication, privacy and prestige that define life on the water, now embodied in a residence.” 

Residences, which start at $3.5 million, will range from two to six bedrooms and span 2,000 to 4,493 square feet, with two penthouses topping 8,000 square feet each. Each unit will feature private elevator foyers, floor-to-ceiling windows, large terraces, Italian-designed kitchens and spa-like primary bathrooms. 

Located at 3019 Harbor Drive in Fort Lauderdale Beach’s Marina District, the tower will feature over 20,000 square feet of amenities over three floors, including a TechnoGym fitness center, heated spa, steam and sauna rooms, personal treatment lounge and 75-foot lap pool with private cabanas.  

The tower will be topped by the Sky Deck, which will have a pool inspired by the beach deck of the Riva 54 Metri yacht, alongside the 3,400-square-foot Sky Lounge with a gourmet kitchen, private cinema, library, golf simulator and other amenities. 

The project will feature six private yacht slips for boats up to 65 feet long, as well as a dedicated arrival and departure dock. There will also be a waterfront deck with outdoor seating and dining, a surf room with an outdoor shower and storage for water sports gear. 

Fortune Development Sales is handling sales and marketing.