One20fourth was sold by Ellis Diversified, (EDI).  The development is currently is under construction and will comprise of a twin tower high-rise consisting of  386 luxury rental apartments.  The development will also have 2,100 square feet of retail space.

The property is located on a 2.2 acre site that is adjacent to another condominium building, named Strada 315.  The address for the property will be 120 NE 4th Street, Fort Lauderdale, FL 33304.  Which is also where the buildings name came from.