Old Town Square II Planned for 2026 Completion at 217 NE 3rd Street, Pompano Beach, FL
Our sources indicate that Pompano Beach-based Cavache Properties has secured approval for its second Old Town Square project in South Florida.
Our sources indicate that Pompano Beach-based Cavache Properties has secured approval for its second Old Town Square project in South Florida.
In August 2023, Coastal Residential purchased a 7.8-acre build site for $38 million from Procacci 1400 LLC––about $4.82 million an acre. Google Earth shows that the parcel is currently vacant.
Construction commenced on The CenterPointe, a luxury housing complex, right before the start of the new year. The complex will offer 401 Class A residences. The seven-story building will rest on a 4.3-acre build site. It will also host a two-story parking garage.
Miami-based CMC Group, led by real estate developer Ugo Colombo, has obtained a $239 million construction loan from Bank OZK to develop Vita at Grove Isle. This luxury condominium project, currently under construction at 5 Grie Isle Drive on the private island of Grove Isle, near Miami’s Coconut Grove, will consist of a seven-story building with 65 waterfront residences, each boasting panoramic bay views and high-quality finishes. The project, which broke ground in April 2023, is progressing with vertical construction and is slated for completion by late 2025.
Karu, an 8,380-square-foot nightclub in Miami, could be replaced with a high-rise complex. The 1000 Marina Mile Apartments would rise 15 stories above grade, offering 283 units and requiring more than 515,000 square feet of new construction.