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POMPANO BEACH | The Ritz-Carlton Residences Pompano Beach | 32 + 14 FLOORS

Edgardo Defortuna, Ricardo Dunin launch Ritz-Carlton Residences in Pompano Beach
https://therealdeal.com/miami/2021/1...pompano-beach/

Quote:

Fortune International Group and Oak Capital, the firm led by former Lionheart Capital principal Ricardo Dunin, launched sales of The Ritz-Carlton Residences, Pompano Beach, The Real Deal has learned.
The two-tower, 205-unit waterfront luxury condo development at 1380 South Ocean Boulevard joins other projects in the pipeline in the Broward County city, which is north of Fort Lauderdale. Since the pandemic began, the Related Group launched and sold out Solemar, an oceanfront condo under construction in Pompano Beach.

The two buildings will be built simultaneously and will include a 32-story beachfront tower with 117 condos, and a 14-story, 88-unit building fronting a marina. The project will also have more than 35,000 square feet of amenities, including a marina yacht club and oceanfront beach club, sports courts, pool decks and restaurants.
Prices start at $1 million in the marina building and at about $3.5 million in the oceanfront building, Defortuna said. He confirmed that it will mark the most expensive development in the city.

https://s13.therealdeal.com/trd/m/up...o9-705x397.jpg

https://floridayimby.com/wp-content/...p-732x1200.jpg

https://floridayimby.com/2021/12/for...ano-beach.html

Fortune breaks ground on Ritz-Carlton condo in Pompano Beach
https://www.bizjournals.com/southflo...ndo-in-bc.html

Quote:

“We quickly realized demand exceeded the supply and people recognized the branding and the quality of the product, so prices were adjusted to reflect market conditions,” Defortuna said.
While rising interest rates have hampered sales on the existing condo market, Defortuna said that hasn’t impacted sales at the Ritz-Carlton Residences, Pompano Beach because closings won’t take place for three or four years, so interest rates could be lower at that time.

The project is slated for completion in 2025. Fort Lauderdale-based Moss Construction is the general contractor. Miami-based Revuelta Architecture International designed the project and Piero Lissoni handled the interiors and landscaping.
Defortuna said 85% of the buyers are from the United States and Canada. Most of them reside outside of Florida, but already have a second home here, he added. Many of them are from the Northeast, California, Chicago and Canada, he said.