‘Marquesa Apartments’ Undergoes Construction at 5203 Coconut Creek Pky, Margate, FL

A Miami-based developer has officially broken ground on a multi-family housing community in Margate.

Marquesa Apartments will comprise 220 apartments divided among four buildings. The one-bedroom to three-bedroom homes will feature stainless steel appliances, upscale finishings, and other features intended to “redefine modern apartment living.”

Amenities will include a resort-style swimming pool. Image from CDC Group

Ground-floor homes will have patios, and upper-story homes will have balconies. Of the 220 homes, seven will be designated as workforce housing for tenants earning up to 120 percent of the area median income (AMI). According to Broward County records, for a one-person household to qualify, they could earn no more than $60,960 annually.

Residents would have access to a host of on-site amenities, including a resort-style swimming pool, gym, and children’s playground, along with other offerings. TC MC Margate Apartments LLC is the developer. The firm recently acquired a $46.5 million construction loan from City National Bank of Florida to help make the project possible. The developer purchased the venture’s 8.02-acre site for $5.5 million in 2018.

Luis E. Roca Inc. is the general contractor. Prior to groundbreaking, the site was home to a shopping center that has been demolished. Marquesa Apartments is set for 5203 Coconut Creek Pky, Margate, FL, 33063, in Broward County.

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