Invesca Development Group landed a $50 million loan to refinance Envy Pompano Beach, a 214-unit, 11-story rental building. Madison Realty Capital, led by Josh Zegen, originated the loan for the building at 475 Southeast First Street within the Koi master-planned community, according to a press release. In April, New York-based Madison Realty provided Plantation-based Invesca […]
Fortune International Group is the latest developer to bet on the Pompano Beach market. The Miami-based development firm, led by Edgardo Defortuna, paid $27.5 million for the 4.6-acre site at 1380 South Ocean Boulevard, the company announced Wednesday. Fortune is planning to build two high-end condo towers on the oceanfront and Intracoastal-front site, but plans to […]
An entity tied to a drug and alcohol addiction treatment provider bought an empty office building in Pompano Beach sold for $5.9 million. Banyan Corporate Center LLC, which shares an address with Banyan Treatment Centers, bought The Tower at Avery Place, formerly called Atlantic Tower, at 225 North Federal Highway, records show. Built in 1973, […]
The dual-branded property would be the first new hotel in the area since the Sands Harbor Marina & Resort opened in 1965 The developer of a new Hilton hotel in Pompano Beach just scored a $17 million loan to finish construction of the property, which is part of the redevelopment of the city’s Fishing Village. […]
Pompano Beach Restaurant Construction: The new upscale dining and retail complex at the southeast corner of the Atlantic Boulevard Bridge in Pompano Beach is back on track after coming to a standstill almost 10 months ago. “We are moving forward,” said Don Olsen, Director of Operations for Tsatas Acquisitions, the company that owns the property […]
A1A POMPANO BEACH PARKING GARAGE: Pompano Beach plans to build a 750-space public parking garage, a 300-room hotel and a beach grocery store on the site of the Oceanside parking lot took another step forward last week when the Planning and Zoning Board voted to recommend approval of a land use plan amendment for the […]
Four hundred and ninety-nine feet; 113 residences; 46 levels. These are just a few of 100 Las Olas’ impressive stats. The upscale residence is the first new construction project featuring a hotel component on Las Olas in more than 10 years. Since it broke ground in March 2017, development group Kolter Urban has brought the […]
An explosion of shops and restaurants is turning Pompano Beach into possibly the top beachside destination between Fort Lauderdale and Delray Beach. Many businesses, attractions and other amenities have recently become available to the public — and much more is on the way. But the evolution also is posing challenges, such as a brand-new parking […]
A Denver-based developer got a $36 million loan to finance construction of more than 800,000 square feet of industrial space in Pompano Beach. Industrial Property Trust got the loan from JPMorgan Chase Bank to finance construction of an 822,473-square-foot industrial park called Pompano Crossing. The development would include three industrial buildings, each with approximately 221,000 of space, […]
Uptown Atlantic offered $1.2 million for the six acres for land valued at at $15.4 million Delray Beach’s Community Redevelopment Agency plans to sell 6 acres of land near downtown to Irish developer John Flynn, despite higher offers from other developers. The CRA voted to negotiate a deal with Uptown Atlantic, a company owned by […]