search

The Real Deal Logo

Trending

Rent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlordsH-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aChetrits have a problem in PassaicChetrits have a problem in Passaic
South Florida

Construction begins on Broward townhouse community

Rendering of 14th & Ocean
Rendering of 14th & Ocean

Construction of a luxury townhouse community in Pompano Beach started Tuesday.

Cavache Properties announced the construction of the 21 townhomes called 14th & Ocean.

Fort Lauderdale-based Landmark Bank N.A. provided a $6.7 million construction loan for the project. The estimated sell-out value is $12.5 million, according to a news release. The general contractor for 14th & Ocean is Cambridge Construction Corporation, and the architect is Adache Groups Architects – both based in Fort Lauderdale.

Sign Up for the undefined Newsletter

Developer Adam Adache said in a statement that more than 50 percent of the units have already been sold. The resort-style homes will be located across the street from the beach, north of Atlantic Boulevard and the Pompano Beach redevelopment corridor and near the newly redesigned Greg Norman Golf Course, and a racetrack.

The former BankUnited building is set to be demolished soon as the site work continues to progress. — Kristina Puga

 

Tags
Pompano Beach