Related Group Lands $91.3 Million Construction Loan for 20-Story Solemar Condo Tower In Pompano Beach
Vertical construction will be moving forward on Solemar, a 20-story condominium tower underway at 1116 North Ocean Boulevard in Pompano Beach. It’s developer, the Related Group, acquired a $91.3 million mid-construction loan from CIBC Bank for the development, which broke ground in May of 2021. International architecture firm Arquitectonica is onboard as the designer of the condo tower with Meyer Davis handling interiors. Plans call for the construction of a 250-foot-tall building yielding 105 residential units, that of which 95% have already been pre-sold.