SOUTH FLORIDA CONTINUES TO GROW AS TWO TOP INTERNATIONAL DEVELOPERS JOIN FORCES TO EMBARK UPON POMPANO BEACH WITH THE DEVELOPMENT OF THE NEW SABBIA BEACH LUXURY CONDOMINIUM IN THE MIDDLE OF A RENOVATION SURGE IN THE AREA.
The future of South Florida oceanfront luxury is looking at Pompano Beach. Grasping the opportunity to tap into this up-and-coming market, two leading international residential developers have come together to form Fernbrook Florida, which will develop Sabbia Beach, the area’s first luxury oceanfront residential development in nearly a decade.
Fernbrook Florida is formed by Fernbrook Homes of Ontario, Canada, which led by Danny and Joseph Salvatore has developed more than four million square feet of residential high rises and 35,000 single family homes in 100 different communities, and by Grupo Fernandez, a Venezuelan conglomerate led by Federico Fernandez with a portfolio of over 50 high-end residential condominiums and hotels in Texas, Florida and Venezuela. These two respected developers have come together to create Sabbia Beach, with estimated completion slated for the second quarter of 2018. Seizing the chance to be a part of Pompano Beach’s renaissance, this is the first time the two developers have worked together on a project in South Florida.
“With more than 70 years of collective experience creating unique, luxurious waterfront residential communities across the Western Hemisphere, we at Fernbrook Homes and Grupo Fernandez know a spectacular opportunity when we see it,” said Danny Salvatore, president and founder of Fernbrook Homes. “With Sabbia Beach, we are pleased to offer an unparalleled ‘toes in the sand’ luxury oceanfront residence in the evolving, upscale area of Pompano Beach.”
Currently undergoing a transformation to become a destination for shopping, arts, dining and play, Pompano Beach is poised to attract buyers who desire a chic oceanside lifestyle. Emerging in the area are a creative arts district and cultural center, upscale shops and restaurants, a $7 million newly renovated fishing pier, a $16 million parking garage, planned Class A office spaces, boutique hotels, and more.
“Sabbia Beach will transform a pristine section of oceanside land into one of South Florida’s most sought-after addresses,” said Federico Fernandez, CEO of Grupo Fernandez, while adding, “Grupo Fernandez and Fernbrook Homes are fusing our diverse experiences and perspectives to set a new standard of living in South Florida.”
Offering only 68 luxury condominiums, the artistic glass structure was designed by the well-known Miami firm Arquitectonica to blend into its natural surroundings, while offering sweeping views and an ample sense of space. Each residence will feature direct elevator access and large living areas, with floor-to-ceiling glass, sliders and spacious balconies boasting views of the ocean, city or intracoastal. Gourmet kitchens will include a chef’s island and custom-designed Italian cabinetry, stone countertops, Miele induction cooktop range, Miele wine cooler, and Sub-Zero refrigerator/freezer.
Two lavish penthouse residences will feature double-height ceilings; and four unique terrazzas residences will boast up to 3,900 square feet of fully finished terrace space for gracious outdoor living.
Mirroring Pompano Beach’s green theme, Sabbia Beach’s grounds will be replete with lush tropical landscaping. Resort-style amenities, designed by interior designer extraordinaire Steven G, include an oceanside avant-garde heated pool, modern fitness center overlooking the Atlantic Ocean, treatment massage rooms, designated yoga area and 24-hour valet parking. A 36,000-square-foot multi-purpose social room will include a bar, kitchen, game and poker tables, and large-screen TV.
With six major projects being announced on Pompano Beach in the last twelve months, including the Sabbia Beach and one Marriott-branded hotel, Pompano Beach’s appeal is clearly growing in what seems to be the early stages of a new luxury condo boom together with retail and entertainment growth, similar to what happened already in neighboring Fort Lauderdale and Boca Raton.