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.
Related’s Solemar is specifically located along Highway A1A (North Ocean Boulevard), facing the beachfront between Northeast 11th Street and Northeast 12th Street. Upon completion, the structure will sit north of the Century Plaza Condominium at 1012 North Ocean Boulevard and south of Fort Lauderdale Marriott Pompano Beach Resort & Spa at 1200 North Ocean Boulevard.
“With 95% of inventory under contract, Solemar’s rapid pre-construction sales is incredibly telling of how special this product and location is,” said Nicholas Pérez, Vice President at Related Group. “We are thrilled to be offering this level of luxury, directly on the sand, to buyers who are looking for an accessible price point for an elevated lifestyle.”
Floor plans for the residential units will come in 2 and 3 bedroom arrangements, ranging from 2,000 to 4,600 square feet. The building is designed to replicate the opulence of a five-star resort, meaning Solemar is rich in amenities. Residents will have access to a state-of-the-art fitness center with unobstructed views of the Atlantic Ocean, a swimming pool with views of the intracoastal waterway, spa treatment rooms with on-demand services, a billiards club with a kitchen, a theater room, a curated wine salon and 24/7 valet parking. Solemar residents will be among the first to experience a Related property with a fully-integrated wellness package, including DARWIN tech within each home to help residents sleep and breathe better.
Related is also planning a 21-story condominium tower at 900 North Ocean Boulevard just a few doors down from Solemar.
An exact completion date for the tower is unknown, but one can estimate construction should wrap up by some time in 2023