Lionheart Capital nabs approval to build luxury condo towers in Pompano Beach

Developer is planning to launch sales next year

TRD MIAMI /
Apr.April 13, 2018 12:37 PM

Renderings of Lionheart’s Pompano Beach project, Ophir Sternberg and Ricardo Dunin

Lionheart Capital is joining other Miami condo developers heading north to Pompano Beach.

Lionheart secured approval this week from the Pompano Beach City Commission for a two-building luxury condo project at 1380 South Ocean Boulevard, developer Ophir Sternberg said.

The 239-unit project will include a 35-story, 354-foot tall building – the city’s tallest – and a 14-story building. The development, which stretches from the Intracoastal to the beach, will include a marina, spa, restaurant and more. Lionheart also secured Federal Aviation Administration approval.

Sternberg said he plans to launch sales next year, and has not yet determined pricing. Canadian, Brazilian and American buyers have been active in Pompano.

Property records show a Lionheart affiliate paid $22.4 million in 2013 for the 4.5-acre site at 1380 South Ocean Boulevard.

Developers have been buying properties in Pompano, where the only new condo construction so far has been Sabbia Beach at 730 Ocean Boulevard. Sabbia Beach is expected to open later this year.

Last year, Dev Motwani revealed his plans for a 27-story luxury condo tower two properties away at 1350 South Ocean Boulevard. He’s also partnering with Alliance Residential to build a 211-unit, mixed-use apartment development. The Related Group also submitted plans for a condo project at 1112 and 1116 North Ocean Boulevard.

Lionheart is also wrapping up construction of the Ritz-Carlton Residences, Miami Beach, which is about 70 percent sold, Sternberg said.


Related Article

arrow_forward_ios
Ritz Carlton Residences Miami Beach and Petra Levin

Petra Levin snags condo at Ritz-Carlton Residences Miami Beach

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

Ricardo DuninRitz and Ophir Sternberg with the Carlton Residences, Miami Beach

Lionheart Capital scores TCO for long-delayed Ritz-Carlton Residences, Miami Beach

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