realestate

Pompano Beach Condo-Hotel Project: BH & Related Score Design Board Approval

Pompano Beach Architectural Appearance Committee approves a site plan for a 24-story tower for BH Group's oceanfront condo-hotel project.

A
fter receiving approval from Pompano Beach's Architectural Appearance Committee on Tuesday, BH Group and Related Group are now free to proceed with their planned oceanfront condo-hotel project at 1 North Ocean Boulevard. The site plan for this 24-story tower includes 77 condominiums and 303 hotel rooms, as well as three pools, a 12,011-square-foot spa, two restaurants covering 11,141 square feet and 4,224 square feet of retail space. The building is designed by Coral Gables-based Nichols Architects.

    This project is part of a series of South Florida ventures by Aventura-based BH and Coconut Grove-based Related. Last year, they jointly acquired the 3.4-acre Pompano Beach development site for $47.5 million from Joe Chetrit's New York-based Chetrit Group. Chetrit had previously planned to develop a similar condo-hotel project called Oceanside Pompano Beach in partnership with Hallandale Beach-based developer Ari Pearl. However, Pearl pulled out of the joint venture in 2021.

    Before Chetrit and Pearl, Bonita Springs, Florida-based WCI Communities owned the site and submitted an initial site plan for a condo-hotel in 2006, according to city records. In another recent partnership, Related and BH are under contract to purchase a West Palm Beach redevelopment site for more than $30 million. The 0.8-acre property includes a medical office building completed in 2001 and is zoned for projects up to 111 feet or 306 feet with incentives. The joint venture plans to build a luxury condominium but has not disclosed further details.

    BH, led by Liat and Isaac Toledano, and Related, led by Jorge Pérez and his sons Jon Paul and Nick Pérez, are also developing the planned Ritz-Carlton Residences, a 28-story condominium with 144 units in West Palm Beach. The two firms and Tezral Partners are also planning a 20-story, two-tower mixed-use building with 418 apartments in Riviera Beach. In July, the partnership submitted a site plan for Riviera Beach Marina Village, which would be built on a 2.5-acre site owned by the city’s community redevelopment agency. The project also includes roughly 3,000 square feet of retail space, another 3,000 square feet of offices, and a 648-space parking garage.

    In June, BH, Related, Chicago-based Wanxiang America, and billionaire Teddy Sagi secured a $400 million construction loan for Residences at Six Fisher Island, a 10-story condominium with 50 units being developed on Fisher Island.

Pompano Beach condo-hotel project approved by design board in Florida.