Dependable Equities, the South Florida division of Sky Equity Group, the New York City-based real estate development firm founded by Simon Dushinsky, announced it has secured $54 million in pre-construction financing from CDK Capital to advance a major residential development initiative just south of the New River, minutes from Las Olas Boulevard and downtown Fort Lauderdale.
“This pre-construction financing reflects the confidence our capital partners have in our vision and development approach as we continue expanding our presence across South Florida,” said Simon Dushinsky, Founder and CEO of Sky Equity Group. “We remain focused on delivering thoughtfully designed residential communities in markets with strong demand, and these projects represent an important milestone in our continued investment in Fort Lauderdale.”
The financing, arranged by Daryl Hagler and Allen Weinstein of CDK Capital, will support the planning and pre-development of two luxury high-rise communities located at 101 SE 7th Street and 633 SE 3rd Avenue. Together, the projects encompass nearly 2 million square feet of mixed-use development, including approximately 1,460 condominium and multifamily residences and roughly 14,000 square feet of ground-floor commercial space. Both projects were designed by internationally acclaimed architecture firm ODA, with construction anticipated to begin in early 2028.
“CDK Capital is proud to deepen its relationship with Sky Equity Group by providing bridge financing for its South of the River project,” said Allen Weinstein, principal at CDK Capital. “The planned project and our prior experience with the firm give us strong conviction in Sky Equity Group, the site, and the long-term vision for this development.”
The latest financing marks another significant milestone in Sky Equity Group’s continued expansion across South Florida through Dependable Equities, as the firm grows its portfolio of thoughtfully designed residential communities in premier growth markets. Its inaugural South Florida project, Ombelle Fort Lauderdale, a luxury condominium offering fully furnished residences and approximately 100,000 square feet of amenities, launched sales in 2024. With the addition of the developments at 101 SE 7th Street and 633 SE 3rd Avenue, Dependable Equities now has more than 2,200 residences in various stages of development in Fort Lauderdale, underscoring its long-term commitment to one of South Florida’s fastest-growing residential markets. In New York City, Sky Equity Group recently topped out its first luxury condominium development in Manhattan, 260 East 72nd Street.
Sky Equity Group is a New York City-based real estate development firm focused on luxury residential properties. Founded and led by Simon Dushinsky, the firm draws on his more than 25 years of experience acquiring, financing, developing, constructing, and managing large-scale residential and mixed-use projects. Sky Equity Group is advancing a portfolio of premier condominium and multifamily residential developments across New York City and South Florida, with an active development pipeline totaling nearly 7 million square feet. The firm’s current New York properties include 260 East 72nd Street, a high-end condominium on Manhattan’s Upper East Side; Westmark, a completed luxury rental building in Gowanus, Brooklyn that recently welcomed its first residents; and several residential projects in various stages of development throughout Manhattan and Brooklyn. In addition to his role at Sky Equity Group, Dushinsky is Principal and Co-founder of Rabsky Group, where he led the development of more than 5 million square feet of completed residential and mixed-use projects comprising over 6,000 residential units valued at over $4 billion.
Dependable Equities is the South Florida division of Sky Equity Group, a New York City-based real estate development firm founded and led by Simon Dushinsky. Co-founded by Isaac Schlesinger, Dependable Equities develops luxury condominium and multifamily communities throughout South Florida, with a focus on thoughtful design, exceptional quality, and long-term value. Leveraging Sky Equity Group’s experience delivering large-scale residential developments, the firm is expanding its presence across the region through a growing portfolio of high-rise residential communities, including Ombelle and mixed-use developments at 101 SE 7th Street and 633 SE 3rd Avenue in Fort Lauderdale.
