Lionheart Capital closer to launching two-tower, oceanfront luxury condo project in Pompano Beach
Lionheart Capital is closer to launching its planned oceanfront luxury condominium project in Pompano Beach, after winning key approvals from the city.
The Pompano Beach Development Review Committee this week gave site plan and design approval for 1380 South Ocean Boulevard, a proposed two-tower, 239-unit project at 1380 South Ocean Boulevard.
The development still needs approvals from the city’s architectural review board and the planning and zoning board. The site plan review may require a resubmission due to a number of technical considerations, but the development could appear before the planning and zoning board as early as September, David Recor, director of development services for the city, said.
1380 South Ocean is planned for a 4.6-acre site, among the the last vacant oceanfront parcels remaining in South Florida. The property stretches from the beach to the Intracoastal Waterway. Lionheart bought the land for $22.4 million in 2013.
Ophir Sternberg, founding partner and CEO of Lionheart Capital, previously said the project will launch sales next year.
The development, which has been in the works for the last five years, has already received permission from the Federal Aviation Administration, which was necessary because of the height of the buildings, Recor said.
1380 South Ocean’s easternmost tower on the ocean will have 30 stories and 129 units, while the tower on the west side, on the Intracoastal, will have 13 stories and 110 units, according to the architect for the project, Andrew W. Burnett, a principal at Stantec.
The final mix of condo sizes, number of bedrooms, prices per unit and total cost of the project have not yet been determined, he said.
The development will feature 10-12 boat slips and two pool decks, one facing the Intracoastal and the other facing the beach. Each tower will have a parking deck and a small café, each with 1,500 square feet.
One of the reasons this project has taken so long, Recor said, is that the developers have worked with adjoining property owners and neighborhood associations, to resolve potential problems. A spokesperson for Lionheart said that since the original proposal for the complex was unveiled, “we addressed [issues related to] views, setbacks, traffic and privacy concerns.” The spa and restaurants, for example, will only be available to residents and their guests so as to limit traffic.
Also, the number of stories has been reduced to allow for higher ceilings in the units and the garages raised to be above grade because of the threat of sea level rise.
Source: The Real Deal