Developer of $25M sports complex in Pompano proposes townhomes nearby

Developer is also planning Floridians Sports Park, a complex featuring sports fields, a stadium and clubhouse

Miami /
Jul.July 31, 2018 10:30 AM

Renderings for Patagonia and SportsPark

In addition to its roughly $25 million sports park complex in Pompano Beach, Azur Equities is adding a 15-unit townhouse community to its list of planned projects in the city.

The company recently submitted an unsolicited proposal to build Patagonia, a townhome community on publicly owned land along Northwest Seventh Avenue and Dr. Martin Luther King Jr. Boulevard with joint venture partner Hadar Homes.

Plans for the townhome community include 1,800 square feet of commercial space and three-bedroom, two-bathroom townhomes spanning about 1,450 square feet, each. The two-story townhomes will also feature one-car garages.

The Sun Sentinel first reported news about the proposal.

The developer intends to lease the townhomes for about $1,700 a month, according to its proposal with the city. Azur Equities and Hadar Homes want to invest about $3.2 million into the development.

The land (eight separate parcels) is currently owned by the Pompano Beach Community Redevelopment Agency. The developer is requesting the CRA donate the property. The area is part of a master-planned innovation district  being developed by the city in an effort to renovate its downtown.

Azur is a private real estate fund based in Plantation. Earlier this year, it received Pompano Beach City Commission approval to move forward with building SportsPark, a planned athletic complex featuring a stadium, clubhouse, multiple soccer fields and residential units for players.

The residential development, dubbed SportsPark Residences, will consist of about 70 units for players, coaches and employees at SportsPark. Certain details for the project still need Broward County commission approval, Azur principal Franck Gotsman said.

Gotsman is co-owner of the semi-professional soccer team Floridians Football Club. The proposed athletic complex is set to rise on about 10 acres of city-owned land along Northwest 31st Avenue. Construction is slated for the spring of 2019.


Related Articles

arrow_forward_ios
Shlomo Khoudari and Justin Bennett with 3141 Southwest 10th Street in Pompano (Google Maps)

Shifting gears: Elion Partners pays $12M for Pompano Beach auto parts distribution center

Shifting gears: Elion Partners pays $12M for Pompano Beach auto parts distribution center
Christopher Longsworth and Josh Zegen, with Envy is at 475 SE 1st St, Pompano Beach

Invesca lands $50M refi on Pompano Beach apartments

Invesca lands $50M refi on Pompano Beach apartments
Mark Corlew, Anuj Grover, and a rendering of Pompano Station

Grover Corlew’s Pompano Beach multifamily project advances

Grover Corlew’s Pompano Beach multifamily project advances
Rendering of The Ocean Six Terraces (Credit: Rex Nichols Architects)

Canadian developers launch sales of oceanfront townhouse project in Pompano Beach

Canadian developers launch sales of oceanfront townhouse project in Pompano Beach
Michael Wohl & site plans

Affordable housing developers plan Pompano Beach townhouse project

Affordable housing developers plan Pompano Beach townhouse project
Edgardo Defortuna and the site (Courtesy of Fortune)

Fortune International Group buys waterfront Pompano Beach site for $28M

Fortune International Group buys waterfront Pompano Beach site for $28M
Nick Pérez and Solemar (Courtesy of Related)

Related Group launches sales of first SoFla condo project since 2016

Related Group launches sales of first SoFla condo project since 2016
David Cordish and renderings of Isle Casino (Cordish Companies, city of Pompano Beach)

Sign of the times: Developers want to add industrial to redevelopment of Pompano casino

Sign of the times: Developers want to add industrial to redevelopment of Pompano casino
arrow_forward_ios

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

Loading...