Chetrit seeks approval for massive mixed-use project in Pompano Beach

Developers bought the waterfront site in 2009 for $43M

Aug.August 02, 2016 06:00 PM

New York-based Chetrit Group and local developer Ari Pearl are seeking site plan approval for a nearly 361,000-square-foot mixed-use project on the beach in Pompano.

JJ Land Realty, a Chetrit affiliate, submitted plans to the city of Pompano Beach’s development review committee for a development with residential, hotel, recreational, retail and event space components. The committee will hear the item at a meeting on Wednesday morning.

The developers bought the 3.7-acre waterfront site at 20 North Ocean Boulevard for $42.5 million in 2009. Bonita Springs-based homebuilder WCI Communities sold them the land.

As planned, the development would include a 24-story tower with 77 condos, a 22-story, 303-key hotel with 49 condo-hotel rooms, and a pool deck for the condo and hotel components, according to the South Florida Business Journal. Nichols Brosch Wurst Wolfe & Associates is designing Oceanside Pompano Beach, which also has 9,875 square feet of restaurant space, 4,836 square feet of retail space, a 21,357-square-foot spa, a roughly 12,300-square-foot banquet hall and nearly 600 parking spaces.

In Pompano, Chetrit is already approved for a 122-unit apartment project at 2629 North Riverside Drive and 2507 North Ocean Boulevard. Earlier this year, The Real Deal took a deep dive into Pompano Beach, Broward County’s second oldest city, as it undergoes a significant transformation. Among new projects in Pompano is Sabbia Beach, a 19-story condo tower currently under construction.

Chetrit and Pearl are also working on two other large-scale projects in South Florida: a $1 billion development along the Miami River, and a complete hotel redevelopment in Miami Beach’s Collins Park neighborhood. The 10-acre Miami River includes four towers, a hotel, shops, restaurants, and a public river walk with boat slips. [SFBJ] – Katherine Kallergis

Related Articles

Nick Perez and the site at 1116 North Ocean Boulevard (Credit: Google Maps)

Related to launch Pompano condo sales in Q1 2020

Daily Digest Miami

RNC’s winter meeting will be hosted at Trump Doral, developer scores $24M construction loan

Harbourside at Hidden Harbour rendering

Multifamily project planned along Pompano Beach canal

This vitamin maker sells off Pompano Beach warehouse after layoffs

This vitamin maker sells off Pompano Beach warehouse after layoffs

Rendering of Aviara East Pompano and Maher Hanna (Credit: LinkedIn)

Multifamily project on Pompano Beach scrapyard site moves forward

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

Rendering of SLS Resort Residence & Marina Hallandale Beach, Ari Pearl, Sam Nazarian and Faisal Ashraf

Ari Pearl lands $100M loan to build first phase of SLS project in Hallandale Beach

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

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