Archive for May 2016
FIRST BEACHFRONT CONDO IN THIS CITY IN NEARLY A DECADE TO BREAK GROUND
Penthouses start at $5.9 million for the 19-story project.
Pompano Beach will get its first new beachfront condominium tower in nearly a decade as Sabbia Beach will break ground on May 4.
Fernbrook Florida, led by principals Danny Salvatore of Canada and Federico Fernandez of Venezuela, will lead the event starting at 10 a.m. at 730 N. Ocean Blvd., where the 19-story tower with 68 residences will rise. Prices start in the $900,000s, although the penthouses start at $5.9 million.
“The fact that Sabbia Beach is already 60 percent sold reflects that it is one of the last places in South Florida offering new construction directly on the sand, with an upscale, oceanside lifestyle,” Salvatore said.
Sabbia Beach was designed by Arquitectonica with Interiors by Steven G. as the interior designer. Amenities will include a heated pool, a fitness center, a spa, massage treatment room, steam rooms and saunas, and a 3,600-square-foot social room.
The project should be ready in the second quarter of 2018. The general contractor is Verdex Construction.
Fernbrook Florida acquired the 1.6-acre site for $10.5 million in 2014.
Brian Bandell, Senior Reporter South Florida Business Journal