Construction of a luxury apartment community in Pompano Beach will begin in March, Orlando-based developer Zom announced Tuesday.
The Residences at Palm Aire will have 404 apartments in 19 three-story buildings.
Zom, a multifamily developer, is building the project as part of a joint venture with an investor managed by UBS Global Asset Management. PNC Bank provided the construction financing, according to a release.
Apartments will range from 655 square feet to 1,545 square
feet. Each unit will have a kitchen island, granite countertops, contemporary cabinets, walk-in closets and private patios. The community area includes a fitness center, e-lounge and a resort-style pool, according to a release.
“This new generation product has been very well received at our newest rental community, Casa Palma, which opened in March 2014 in nearby Coconut Creek,” said Greg West, Zom’s chief development officer, in a statement. “The open space within the site and scale of the buildings achieves a neighborhood feel unlike other rental communities in the Pompano Beach market.”
The Residences at Palm Aire will be located on Atlantic Boulevard next to the Florida Turnpike. — Sean Stewart-Muniz