An affiliate of Ontario-based Fernbrook Homes announced plans to build an oceanfront luxury condo tower in Pompano Beach.
The 19-story Sabbia Beach, at 730 North Ocean Boulevard, will be one of the city’s first high-rise projects in nearly a decade. Designed by Arquitectonica, the tower will house 72 units ranging in size from two to three bedrooms. Prices start in the low $900,000s, with two penthouses asking just more than $5 million, according to a press release.
Fernbrook Florida will develop Sabbia. The company is a partnership between Fernbrook President Danny Salvatore, his son Joseph and Federico Fernandez of Grupo Fernandez.
Each unit will have chef kitchens, custom Italian cabinetry, large balconies and floor-to-ceiling glass windows.
A quarter of the units have been reserved. The groundbreaking will be this fall with an expected completion in 2017. An on-site sales gallery will open mid-spring, according to the press release.
Sabbia will have amenities like a fitness center, massage and yoga rooms, 24-hour security and valet parking.
Fernbrook bought the two-acre property for $10.5 million last year from The Herrick Co., a real estate investment firm based in Boca Raton.
“Buyers are moving north from Miami and Fort Lauderdale as oceanfront land has become rare and more expensive,” Amy Ballon, a partner in Hemisphere Sales Group, said in a statement. “Our developers understand this trend and have set out to create a landmark building.” — Sean Stewart-Muniz