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 Articles

arrow_forward_ios
Rendering of development

Pompano Beach multifamily development with workforce housing advances

Pompano Beach multifamily development with workforce housing advances
Josh Zegen, Madison Realty Capital, Invesca CEO Chris Longsworth

Invesca scores $102M construction loan for two SoFla apartment projects

Invesca scores $102M construction loan for two SoFla apartment projects
Gables Town Colony apartment complex, Sue Ansel of Gables Residential

Gables Residential scores $85M loan for Boca Raton apartment complex

Gables Residential scores $85M loan for Boca Raton apartment complex
Rendering of Siena at Palm Aire (Credit: Stellar Communities)

Stellar Communities scores loan for Pompano Beach townhomes

Stellar Communities scores loan for Pompano Beach townhomes
From left: William Kakon and Ophir Sternberg

South Florida property owners offer free rent in April, May

South Florida property owners offer free rent in April, May
Techrin Hijazi with Brown Harris Stevens Miami, and Ivan Ramirez with Royal Palm Residences sales team

Movers & Shakers: Techrin Hijazi joins BHS Miami, Royal Palm project names sales team & more

Movers & Shakers: Techrin Hijazi joins BHS Miami, Royal Palm project names sales team & more
651 South Federal Highway (Credit: Google Maps)

Pompano Beach marina sells for $6M

Pompano Beach marina sells for $6M
2401 West Atlantic Boulevard, Nightingale’s Elie Schwartz and Simon Singer and David Egozi of JDM Realty Group (Credit: Google Maps)

GDF Properties scores a retail center in Pompano Beach

GDF Properties scores a retail center in Pompano Beach
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...