New York-based developer KAR Properties poured cement for the foundation of Ocean 2000, a beachfront condo development in Hallandale Beach.
Suffolk Construction oversaw a 13-hour cement pour at the development site, 2000 South Ocean Drive, that required 240 trucks and 500 tons of steel.
The cement-pouring marathon from 2 a.m. to 3 p.m. on Saturday was one of the largest cement pours in Hallandale Beach in the last decade.
Led by Shahab Karmely, KAR Properties expects to finish construction of 2000 Ocean in mid-2021.
Architect Kobi Karp and Ten Arquitectos designed 2000 Ocean, a 38-story, 64-unit building with two swimming pools and a spa pavilion. Services will include valet parking, 24-hour security, and round-the-clock concierge service and lobby staffing.
Last December, KAR Properties got a $103 million construction loan for the 2000 Ocean project from New York-based real estate investment trust Apollo Commercial Real Estate Finance. The developer broke ground in November.
KAR Properties launched sales of 2000 Ocean units in October 2017 and then hired Fortune International Group in August 2018 to take over sales. Pre-construction prices start around $2.6 million.
Property records show that Karmely bought the beachfront development site in 2014 for $34 million. – Mike Seemuth