Atlanta-based developer Portman got the green light for a mixed-use apartment project in Pompano Beach, which has emerged as a hotbed of development in Broward County.
The Pompano Beach Planning & Zoning Board approved the eight-story project slated for 2400 East Atlantic Boulevard last week. The project will include 397 apartments and 10,600 square feet of retail and restaurant space, according to a press release. The building’s amenities will include a pool and fitness center.
Portman first proposed the project in May. Construction is set to begin this fall, and Portman expects to complete construction in late 2028, the release shows.
The 3.2-acre site is currently home to an office building and an accompanying parking lot, records show.
Portman is helmed by Chairman and CEO Ambrish Baisiwala and President John C. Portman IV. Portman IV is the grandson of the firm’s late founder and famed architect, John C. Portman Jr., who died in 2017. He is best known for designing and building the Peachtree Center in Atlanta, the Embarcadero Center in San Francisco and the Renaissance Center in Detroit, according to his New York Times obituary.
The development firm, historically focused on office and hospitality projects, has been expanding its portfolio to include multifamily, industrial and student housing projects. It has also been revamping its leadership to manage its $5 billion pipeline.
Pompano Beach has emerged as a magnet for developers in recent years, and hundreds of condo units are planned in the once sleepy coastal city.
In June, the Pérez family’s Related Group and the Motwanis’ Merrimac Ventures landed a $160 million construction loan for their planned 92-unit Waldorf Astoria Residences Pompano Beach. The Pérezes also teamed up with Isaac and Liat Toledano’s BH Group for the planned W Pompano Beach Hotel & Residences.
Other planned projects include Ritz-Carlton Residences, Pompano Beach from Edgardo Defortuna’s Fortune International Group and Ricardo Dunin’s Oak Capital. The partners secured a $259 million construction loan from Bank OZK in 2023.
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