BH Group and Related Group can plow ahead with a planned oceanfront condo-hotel project in Pompano Beach after securing a design board’s approval.
The Pompano Beach Architectural Appearance Committee on Tuesday approved a site plan for a 24-story tower with a parking podium that would include 77 condominiums and 303 hotel rooms at 1 North Ocean Boulevard, city records show. Designed by Coral Gables-based Nichols Architects, the unnamed building would also feature three pools, a 12,011-square-foot spa, two restaurants spanning 11,141 square feet and 4,224 square feet of retail.
The planned condo-hotel is among a slate of South Florida projects by Aventura-based BH and Coconut Grove-based Related. The joint venture acquired the 3.4-acre Pompano Beach development site for $47.5 million last year from Joe Chetrit’s New York-based Chetrit Group.
Chetrit previously planned to develop a similar condo-hotel project called Oceanside Pompano Beach with Hallandale Beach-based developer Ari Pearl. But Pearl pulled out of the joint venture in 2021. Before Chetrit and Pearl, Bonita Springs, Florida-based WCI Communities owned the site and submitted an initial site plan for a condo-hotel in 2006, city records show.
In another recent partnership, Related and BH are under contract to purchase a West Palm Beach redevelopment site for more than $30 million, The Real Deal first reported. The 0.8-acre property, which includes a medical office building completed in 2001, is zoned for a project of up to 111 feet or 306 feet with incentives. The joint venture plans to build a luxury condominium, but has not released details.
BH, led by Liat and Isaac Toledano, and Related, led by Jorge Pérez and his sons Jon Paul and Nick Pérez, are also developing the planned Ritz-Carlton Residences, a 28-story condominium with 144 units in West Palm Beach.
The two firms and Tezral Partners are also planning a 20-story, two-tower mixed-use building with 418 apartments in Riviera Beach. In July, the partnership submitted a site plan for Riviera Beach Marina Village, which would be built on a 2.5-acre site owned by the city’s community redevelopment agency. The project also entails roughly 3,000 square feet of retail, another 3,000 square feet of offices and a 648-space parking garage.
In June, BH, Related, Chicago-based Wanxiang America and billionaire Teddy Sagi landed a $400 million construction loan for Residences at Six Fisher Island, a 10-story condominium with 50 units being developed on Fisher Island.