Pompano investor buys halted Miami river project

A Pompano Beach-based investment company has paid $4.35 million for the Coastal on the River condominium project on the Miami River. The property was halted during the downturn after the zoning plan was found to have violated Miami’s development plan, the South Florida Business Journal reported. It had been purchased by liability company 22 LLC for $6 million in 2005. The site, which is located at 2215 NW 14th Street, includes zoning for 53 boat slips. [SFBJ]