Looking for a vacation home with a resort feel? Set sail for the Ritz Carlton’s opulent residences and Pompano Beach’s sugar-white sands. While you still have time, reserve the vacation home of your dreams.
Over 75% of the residences at The Ritz-Carlton Residences, Pompano Beach have now been sold. The property’s developers, Fortune International Group and Oak Capital, are happy to report the incredible success of their ground-breaking dual towers. The Worth Group with Fortune Christie’s International Real Estate has significantly contributed to the sales and generated over $35 million in sales revenue, equivalent to 17 residences and roughly 9% of the total project.
Progression of the project
The 205 (2 towers) Ritz-Carlton Residences at Pompano Beach, opened in December 2021 and has already started to raise the bar for full-service, resort-style living. The Beach Tower provides a unique, highly sought-after location as it rises 32 stories above South Florida’s coastline. In addition, the 14-story Marina Tower, directly across the street, offers an equally stunning intracoastal setting. The guests and residents at The Ritz-Carlton Residences are able to utilize the thoughtfully designed common areas, packed with 35,000 SqFt of amenities. As a result, residents will have access to amenities such as an oceanfront Beach Club, on-site dining, a Yacht Club with a private resident marina, indoor-outdoor social areas, tropical pool decks, sports courts, and much more to provide them with the comforts and leisure they deserve.
What does this mean for the city of Pompano Beach?
A luxury residence brand like Ritz Carlton entering the Pompano real estate market will undoubtably reshape the future of the city. More people and businesses will continue to establish a footprint in Pompano Beach as more and more luxury brands enter the region.
Pompano’s real estate market is booming, and a great place to invest due to the influx of numerous new luxurious towers. Some of these developments include Sabbia, Solemar, and Casamar, with additional towers to come. Many newcomers to Pompano Beach are from the country’s northern states and want to take advantage of the warmer and friendlier climate. Consequently, the unprecedented rate at which luxury homes and condos are selling is nothing short of impressive, even with the changing market conditions.
These waterfront residences are successfully attracting buyers from Los Angeles, New York, Montreal, and Boston who want the ideal vacation home or a sweet escape from the hustle and bustle of daily life. In the upcoming years, we can anticipate more branded and non-branded new construction in the region to meet various customer needs, going at different price points.
With only 25% of the Ritz Carlton Residences, Pompano Beach left up for grabs, second-guessing your decision to purchase a unit could mean completely losing out on living luxuriously in Pompano’s prime location. There are many things to anticipate now that this real estate tycoon has touched down in Pompano Beach. Both developers and residents will profit from such a magnificent development.
Do you want to have a memorable stay in Pompano Beach? Then make the Ritz Carlton Residences your vacation home and enjoy all of the beauty that South Florida has to offer.
October 18, 2022