It seems as if there are always some people who proclaim the death of the real estate market, and condo sales in particular. However, even in the midst of a pandemic, many sales are occurring, and the market for condos is certainly not in its death throes. This is evidenced by the Pompano Beach condo project from the Related Group, which managed to sell 10% of its units in just one month. This is an impressive feat.
What Will the New Tower Offer?
The new unit is a luxury waterfront tower called Solemar. It will feature 18 stories and 105 units. It promises to be a popular location for those seeking a new luxury home in the Miami area. The sales of the property began in early September, and 11 of the units have been presold already according to the Related Group. Some of the buyers are using the condos as a primary residence, while others are using them as a second home.
The Pompano Beach tower will cover 2.65 acres and will be located at 1116 North Ocean Blvd. The location helps to ensure that the units will have excellent views of the Intracoastal Waterway and the Atlantic Ocean. Prices at the tower are starting at $1.3 million. For this price, the unit will have 2000 square feet along with two bedrooms and two and a half bathrooms. Some of the amenities at the building include a spa, wine-tasting salon, club room, pools, a gym, valet parking, and a theater room.
Additionally, residents of the building will have access to the Related App. This app will make it easy to get in touch with the valets and request their car, chat with the concierge, and even manage deliveries that are made to them. Residents at the building will also enjoy private elevators. One of the other impressive features of the property is the inclusion of DARWIN technology. This can help to monitor the air and water quality in the unit and reduce the number of indoor contaminants.
The tower will have a lot to love, and because it is a new and modern building, the developers believe they will attract many buyers. Given the quick sales of those first 11 units, it appears they were correct.