Developer plans oceanfront tower in Pompano Beach

Sabbia Beach's prices begin in low $900,000s

Mar.March 10, 2015 09:45 AM

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

Related Articles

First Industrial Realty Trust CEO Peter E. Baccile, 1001 Northwest 12th Terrace and 1021 Northwest 12th Terrace in Pompano Beach (Credit: Google Maps)

First Industrial Realty picks up two properties in Pompano Beach

Pompano Beach imposes six-month moratorium on self-storage development (Credit: iStock)

Hold onto your stuff: Pompano Beach suspends self-storage development

Hank Freid and Marriott Fort Lauderdale Pompano Beach

Hank Freid buys Marriott-branded Pompano Beach hotel for $44M

Rendering of Cavache Properties’ Old Town Square

Cavache Properties scores CRA funding for Pompano project

Rendering of the project (Credit: Point Publications)

Cordish Companies, partner plan huge redevelopment of casino and horse racing track

Wayne Goldberg and a rendering of Sabbia Beach

Former La Quinta CEO sues Sabbia Beach development group over construction delays

Daniel Lebensohn and Seabonay Beach Resort (Credit: iStock)

Seabonay Beach Resort federal lawsuit ends in $3.5M verdict

JV Acquisitions Jaime Godur and Pompano Beach Festival Flea Market

Agents sue over alleged unpaid commissions on sale of Festival Marketplace in Pompano Beach