1380 S Ocean Blvd, Pompano Beach
A Fortune International Group and Oak Capital, the firm led by former Lionheart Capital principal, Ricardo Dunin, launched the sale of The Ritz-Carlton Residences, Pompano Beach.
The two-tower, 205-unit waterfront luxury condo development at 1380 South Ocean Boulevard will mark the most expensive in the city, with units starting at $1M in marina-front tower and $3.5M in the oceanfront tower.
Fortune bought the approved sites from Lionheart Capital last year for $27.5 million when Lionheart’s principals officially separated and Dunin, who started his own firm, was left with some of the Lionheart properties. This mark’s Dunin’s first new project since leaving Lionheart. Construction might start this year.
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.
The 4.6-acre, Pompano property is separated by South Ocean Boulevard. The beach tower, with 250 feet of ocean frontage, will have larger units ranging from one to five bedrooms and between 1,309 square feet and more than 6,824 square feet, as well as two penthouses. The marina tower, also with 250 feet of waterfront, will have one- to four-bedroom units, ranging from 917 square feet to 3,947 square feet, and four penthouses, according to a release.
Piero Lissoni and Revuelta Architecture International are designing the project, which could be completed by 2025.
This will be another Ritz Carlton in Florida and here is the list:
Key Biscayne, Coconut Grove, South Beach, Miami Beach Residences, Bal Harbour, Sunny Isles Beach, Fort Lauderdale, Naples, now Pompano Beach, Amelia Island, Sarasota, Orlando, Singer Island. Am I missing any? Here is a mix of both hotels and residences, but usually residences have at least a few junior units available for guests to be rented out in advance.