Costco Wholesale, More Apartments on tap in Pompano Beach

Two major development proposals — a 163,000-square-foot Costco Wholesale and a 132-unit multifamily building — are set to go before Pompano Beach planners next week, adding to the long list of projects underway in the city.

The proposed Costco store would sit on a 18.7-acre vacant parcel The Pompwithin the northwest corner of The Pomp, a 223-acre planned commercial development at Racetrack Road and Powerline Road, according to city documents.

David Cordish’s The Cordish Companies and Thomas Reeg’s Caesars Entertainment are partnering on The Pomp, a mixed-use hospitality development that will include 1.3 million square feet of retail and entertainment space, 1.4 million square feet of office space and 4,000 luxury residential units.

Fort Lauderdale-based Thomas Engineering represented the developer in the application.

The facility would include a tire center, a gas station and over 800 parking spaces. If approved, the plans would replace previous entitlements for a grocery store with nine other multi-tenant retail buildings.

Pompano Beach’s existing Costco at 1800 West Samples Road would remain open as a Costco business center, the first of its kind in Florida, the South Florida Business Journal reported last year.

Meanwhile, Nick Polyushkin’s Vera Fund is plotting a 132-unit residential development at 1600 South Federal Highway, on land he acquired in 2024 for $12.75 million. The developer plans to construct a multifamily building with 3,700 square feet of retail space. It would keep the site’s existing 63,000-square-foot office building and remove a bank drive-through. The development would include building several parking structures.

The residential building would step down from 10 to seven to four stories to align with nearby low-rise homes, according to city documents. Vera Fund submitted an application to reduce the number of parking spaces from the required 343 to 300.

The development proposals will be reviewed by the city’s planning and zoning board next week.

They join a flurry of projects in the city as developers look for opportunities beyond Palm Beach and Miami. South Florida continues to be a leader in mixed-use real estate thanks to high population growth, zoning flexibility, investor-friendly policies and demand for lifestyle integration, according to Compass’ GoCommercial.

Affiliates of Aqua Marine Partners and Housing Trust Group are proposing Harborside at Hidden Harbour, which would include two eight-story buildings with 285 residential units, a waterfront promenade and 11,800 square feet of commercial space.

Pompano Beach’s downtown is poised to become a mixed-use destination with RocaPoint Partners’ planned development of a new city hall and 4 million square feet of commercial, civic and residential space.