Cavache Properties launches another Pompano Beach project

Miami /
Jun.June 17, 2014 10:30 AM

Cavache Properties acquired the Acqua Camino condominium in Pompano Beach with plans to convert the eight-unit building into vacation rentals.

The developer bought the 1705 North Riverside Drive property for $1.1 million. A company tied to Fort Lauderdale’s Calvary Chapel sold it to Cavache, which plans to renovate the units in preparation for the conversion. Acqua Camino is located along the east side of the Intracoastal Waterway and has 100 feet of dockage.

Cavache wants permits to build additional docks, according to the Sun-Sentinel. The company is slated to launch sales within a month. Prices would start at about $250,000.

“We think we’re filling a niche,” Cavache’s Adam Adache told the Sun-Sentinel. “I think a lot of people would love to be in that neighborhood, on the Intracoastal, near the beach.”

Cavache announced plans for a 21-townhome project at 14th Street and Ocean Drive in December 2013. That development is more than 50 percent sold, with construction scheduled to begin in October. [Sun-Sentinel]Eric Kalis


Related Articles

arrow_forward_ios
Avery Pompano Beach apartments with Yaakov Frankforter of Frankforter Group (LinkedIn via Frankforter, Avery Pompano Beach)
Frankforter Group buys Pompano Beach apartments for $43M
Frankforter Group buys Pompano Beach apartments for $43M
Axonic's Jonathan Shechtman and Breezes at Palm-Aire (Berkadia)
Axonic Properties buys Pompano Beach condos in $25M bulk purchase
Axonic Properties buys Pompano Beach condos in $25M bulk purchase
Rendering of the Sonata Apartments (Burgos Lanza, iStock)
Cornerstone wins approval for mixed-income apartment complex in Pompano Beach
Cornerstone wins approval for mixed-income apartment complex in Pompano Beach
The lot of space at Pompano Beach. (Broward County)
Owner of Pompano industrial park to triple warehouse space to 100K sf
Owner of Pompano industrial park to triple warehouse space to 100K sf
Alex Rosemurgy and 2350 to 2390 North Federal Highway (Twitter, Google Maps)
Rosemurgy sells Pompano Beach shopping center for $10M
Rosemurgy sells Pompano Beach shopping center for $10M
Clockwise from top left: Sterling's Fred Wilpon, Merrimac's Dev Motwani Alliance's Bruce Ward and Carlyle's Kewsong Lee with 1333 South Ocean Boulevard, Pompano (Getty)
Sterling Equities pays $95M for Pompano Beach apartments
Sterling Equities pays $95M for Pompano Beach apartments
Shlomo Khoudari and Justin Bennett with 3141 Southwest 10th Street in Pompano (Google Maps)
Shifting gears: Elion Partners pays $12M for Pompano Beach auto parts distribution center
Shifting gears: Elion Partners pays $12M for Pompano Beach auto parts distribution center
Christopher Longsworth and Josh Zegen, with Envy is at 475 SE 1st St, Pompano Beach
Invesca lands $50M refi on Pompano Beach apartments
Invesca lands $50M refi on Pompano Beach apartments
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...