Related And BH Group Acquire $28.5MM Loan for Pompano Beach Site On N. Ocean Boulevard

Streetview of 20 N. Ocean Boulevard. Photo from Google Maps. (May 2022)

Related Group, led by renowned developer Jorge Perez, and BH Group, headed by Isaac Toledano, have secured a substantial $28.5 million loan from Centennial Bank for their latest venture in Pompano Beach. This hidden gem of South Florida has been captivating the attention of real estate developers, restaurateurs, and prospective residents, thanks to its waterfront allure and emerging status as a coveted destination.

The loan will facilitate the acquisition of 20 North Ocean Boulevard, a prime waterfront site spanning 3.7 acres. Under the joint venture entity, 20 North Oceanside Owner LLC, Related Group, and BH Group plan to develop a unique mixed-use project comprising two towers that will house approximately 380 luxury condominium units. The land acquisition was completed at $47.5 million, reflecting the area’s strong investment potential and growth prospects.

Pompano Beach distinguishes itself from neighboring cities like Fort Lauderdale and Miami through its lower density, offering a more serene and relaxed environment while maintaining proximity to vibrant metropolitan areas. Beyond its natural beauty, the city boasts a thriving real estate market that has captured the attention of developers throughout the region. With abundant prime real estate and a commitment to innovative growth strategies, Pompano Beach presents an enticing opportunity for entrepreneurs and developers looking to capitalize on its rising popularity.

Centennial Bank, known for its community-focused approach, is proud to have played a pivotal role in financing this landmark project. In an era where many banks are imposing lending moratoriums, Centennial Bank remains dedicated to nurturing lasting relationships with its clients. This marks the third successful deal between Centennial Bank and BH Group and their first collaboration with the esteemed Related Group. The continued partnership exemplifies the bank’s commitment to supporting visionary development initiatives and fostering sustainable growth within the community.

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3 Comments on "Related And BH Group Acquire $28.5MM Loan for Pompano Beach Site On N. Ocean Boulevard"

  1. I am a realtor, please email me the information on the pompano beach new construction on the ocean North East corner is Atlantic Blvd. I already have some buyers you are interested to reserve a condo.

    Thank you

  2. Joseph Hannigan | December 22, 2023 at 7:54 pm | Reply

    I’m interested in this property.
    Please share your pre construction pricing details.
    How many story’s are each tower going to be?
    I’m looking for PH oceanfront corner unit.
    Thank you for your prompt response
    Joe & Taehee Hannigan

  3. Joseph Hannigan | December 23, 2023 at 8:52 am | Reply

    Pricing and floor plans please?
    How many stories are the two towers going to be?

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