Related Group breaks ground on Pompano Beach Condo Tower
2 min read
The 21-story building is scheduled to be completed in 2025.
Related Group broke ground on Casamar Residences in Pompano Beach. The 119-unit development is scheduled to be completed in 2025.
The luxury community, located on a stretch of 283 feet of oceanfront, will feature a variety of amenities including sunrise and sundown pools, a Promenade Lounge for relaxation and entertainment and a fitness centre equipped with saunas.
Casamar will also offer a virtual golf simulator, a pickleball courts, and access to various aquatic sports. The concierge service is available 24/7. Each unit has a floor plan ranging from 1,000 to 3900 square feet. It also features a private elevator that opens directly into the residence. The units have been designed with open, spacious living spaces.
Casamar Residences, which will take shape at 911 North Ocean Boulevard, is located 16 miles away from the Fort Lauderdale Hollywood International Airport. Pompano Beach Airpark, Hillsboro Club and Pompano Beach pier are all within 3 miles.
Related has launched its second project in Pompano Beach after the successful launch of Solemar.
Florida condo market: challenges and opportunities
According to a recent forecast on the 2023 condominium market, after the pandemic Florida’s condo market saw a surge of out-of state buyers drawn by the appeal of “Florida life” and lower tax obligations. The South Florida luxury condo market is expected to continue to thrive, as it’s less affected by interest rates due to its targeted buyer pool, and because cash deals are more prevalent.
U.S. Development announced plans earlier this year for Salato Residences a luxury boutique condominium project with 40 residences, also in Pompano Beach.
