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

“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.