How Coral Ridge Towers East Came About
The private residences of Coral Ridge Towers East were designed for individuals
aged 55 and older in accordance with the Fair Housing Amendments Act of 1988
and the Housing for Older Persons Act of 1995. CRTE is home to friendly
owners who desire to live in comfortable, modern, well-maintained surroundings.
A rich history precedes today’s East Tower, combining our Founder-owners’
vision, the dream we live today, and a bright future for those who follow.
It was 1910, and people thought Arthur T. Galt, a Chicago attorney, had more
money than brains. He bought 6,000 acres, bordering the Atlantic Ocean for $10
an acre. During the ensuing years, Galt sold his property to various developers,
including James Hunt and race track developer, Stephen Calder, who established
Coral Ridge Properties, Inc.
They chose Charles Foster McKirahan, Sr., (1919-1964), to design the Towers.
McKirahan, renowned mid-century, modern architect, also designed area
buildings, such as the Coral Ridge Country Club, Birch Tower, Mai Kai
Restaurant, Bay Club, Sunrise Bay Club, Ocean Manors Hotel, Point of
Americas, Everglades House and Birch House. He worked in Miami, the
Bahamas, Ecuador, Honduras, the Dominican Republic, and Brazil.
Cooperative living was new to Florida. The movement began in Rochdale,
England, at the dawn of the industrial revolution. New York City documented the
first housing cooperative, which was created for artists who were in need of
economical, communal living. Coral Ridge Towers East is proud to continue the
tradition.
Just before the Condo Act of 1963 was passed, Hunt and Calder developed
Coral Ridge Towers as a cooperative. Coral Ridge Towers is said to be the first
high-rise cooperative financed by FHA to have a swimming pool. General
Electric, who provided all the kitchens, selected Coral Ridge Towers for featuring
at the 1964 New York World’s Fair. By that time, people understood the value of
cooperatives. Condo housing was in demand, and the creation of well-planned
community living in Fort Lauderdale was off and running.