Developer starts marketing condo-hotel in Pompano

Pure Residences would have 187 units with prices ranging from $223,000 to $860,000

TRD MIAMI /
May.May 13, 2017 12:00 PM

Rendering of Pure Residences in Pompano Beach

The Canadian developer of Pure Residences in Pompano Beach launched pre-construction sales of the 187-unit condo-hotel.

Montreal-based GCA Immobilier would build the 17-story condo-hotel at 3300 Southeast 1 Street in Pompano Beach, located about two blocks from the ocean.

GCA Immobilier plans to start construction this summer and finish Pure Residences in late 2018.

Pre-construction prices range from $223,000 for a 455-square-foot unit to $860,000 for 860-square-foot penthouse units.

GCA Immobilier requires a phased 30 percent deposit to reserve a unit: 10 percent when a contract is signed, 10 percent when construction starts and 10 percent when the first floor is completed.

Unit owners would pay a monthly condo fee of approximately 91 cents per square foot.

Because GCA Immobilier is developing the Pompano Beach property as a condo-hotel, owners would be unable to occupy their units for longer than 30 consecutive days and no more than 180 days a year.

A hotel management company would rent all 187 units, which would be sold fully furnished to buyers. [South Florida Business Journal] – Mike Seemuth


Related Articles

arrow_forward_ios
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

Construction of downtown Hollywood high-rise may start soon

Jeffrey Epstein commits suicide by hanging himself in his Manhattan jail cell

arrow_forward_ios