Related Group announced today the completion of Solemar Residences, a boutique condominium with 105 units located at 1116 North Ocean Boulevard in Pompano Beach. This oceanfront property features architecture by Arquitectonica and interiors by Meyer Davis, marking Related’s inaugural completed condominium in the current real estate cycle with move-ins already commencing. John Moriarty & Associates served as the general contractor.
Pompano Beach, positioned between several significant South Florida cities, has been recognized for its scenic oceanfront and tranquil lifestyle and related leveraged this setting to develop a new market, initiating the process with the launch of Solemar in 2020. Despite the timing coinciding with the onset of the COVID-19 pandemic, Related pressed on with sales.
Credit: Related Group.
Nick Perez, President of Related Group’s Condominium Division, remarked, “Pompano Beach is in a ‘Goldilocks’ zone. The area sits right in between Miami, Fort Lauderdale and Palm Beach, giving residents access to the very best the region has to offer at much friendlier prices. Our buyers at Solemar were among the area’s earliest fans, and we couldn’t thank them enough for believing in our vision.”
“While many developers were ready to turn off their lights and take a wait-and-see approach, we kept conversations going with would-be clients – via Zoom, Google Meets and everything in between,” Perez added. “The bet paid off big, with the project’s secluded location and oversized homes catching the eye of New Yorkers and Californians looking to escape lockdowns. The property was fully sold out by June of that year. Knowing there was considerable pent-up demand in the market, we moved forward with sister property Casamar in early 2022 and today, it is more than 95-percent sold.”
Credit: Related Group.
The success of Solemar and Casamar has led to substantial investment in Pompano Beach. Related has recently commenced sales for the Waldorf Astoria Residences Pompano Beach, marking the first standalone residential concept from the hotel brand. This influx of investment has attracted other developers and brands, enhancing the market’s vibrancy and value.
Credit: Related Group.
Pompano Beach’s allure is augmented by public investments in the downtown area’s arts, entertainment, and innovation districts.
“We started selling Solemar at roughly $800 per square foot,” Perez continued. “Casamar came online at about $1,000 per square foot and we just started selling our Waldorf Astoria project at about $1,400 per square foot. It’s been incredible to see the exponential growth of demand across Pompano Beach. We look forward to continuing to fuel smart, thoughtful growth across this exceptionally fertile market.”
Credit: Related Group.
Solemar’s design, inspired by the reflections of the water on its glass facade, incorporates the ocean’s hues into its interior spaces. The residences are crafted to maximize waterfront views and integrate the beauty of Pompano Beach’s shoreline.
Credit: Related Group.
Credit: Related Group.
“Our team went to great lengths to ensure the sand and sea informed every aspect of Solemar’s design,” said Will Meyer, owner and co-founder of Meyer Davis Studio. “The Pompano Beach area is so stunning, and we wanted to make sure the property reflected that. The final result is a timeless aesthetic that shares design cues from the surrounding communities of Fort Lauderdale and Miami, while being completely authentic to Pompano.”
Credit: Related Group.
Residences feature floor-to-ceiling windows, grand terraces, and meticulously appointed master bathrooms with high-end fixtures and appliances, ensuring luxurious living. Each home has a private elevator, smart home technology, and personalized services, including 24/7 concierge, valet, and security.
Credit: Related Group.
Credit: Related Group.
Credit: Related Group.
Solemar’s amenities are designed to focus on wellness and luxury, from its dual pools to the fitness center and communal lounges. Additional features include a Wine-Tasting Salon, a Club Room, a Breakfast Café, and various outdoor leisure and community gathering spaces.
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