Hot Properties — 17 August 2017
HOT PROPERTY: SOUTH FLORIDA REAL ESTATE

Editor’s note: Hot Property is contributing real estate writer Robyn A. Friedman’s ongoing report on South Florida’s residential real estate market.

Developer Breaks Ground on Waterfront Restaurant in Pompano Beach

Steve Tsatas, founder and owner of Madisons New York Grill & Bar in Boca Raton, officially embarked on a new project today (11/8) when he broke ground on Harbor NYC, a 500-seat, indoor/outdoor restaurant on 2.2 waterfront acres on Atlantic Boulevard and the Intracoastal Waterway in Pompano Beach.

The restaurant will serve as the anchor of Harbor Promenade, a mixed-use project Tsatas is developing that will include dining, entertainment and retail space. Harbor NYC is expected to open in the fall of 2018, while the entire project, including a seafood restaurant and a 7,500-square-foot retail building, will open a year later, in the fall of 2019.

“Where we are standing now will soon become a mainstay in Pompano Beach,” Tsatas says. “We see the growth ahead, and we did not want to miss the opportunity to be part of a wonderful city like Pompano Beach.”

The 10,000-square-foot Harbor NYC will have 209 linear feet on the Intracoastal Waterway and will accommodate up to 10 boats. It will include 150 indoor and 350 outdoor seats and have a menu featuring prime beef, chicken, seafood, burgers, salads and more. Guests at the groundbreaking ceremony previewed the menu with “lunch by the bite” consisting of lamb chops, sliders and coconut shrimp.

City officials are enthusiastic about the new project. “This project is one of many projects making Pompano Beach a destination,” says Michael Sobel, a city commissioner. “It’s just another puzzle piece going into a magnificent picture of economic growth and development.”

Pompano Beach Mayor Lamar Fisher welcomed the crowd and issued a proclamation declaring Nov. 8, 2017 “Harbor NYC Groundbreaking Day.”

“We’re so excited to have this groundbreaking today,” Fisher says. “We believe Harbor Promenade will be an integral part of growth in Pompano Beach—another catalyst that completes the puzzle in what this city has been working so hard to happen.” Posted Nov. 8, 2017. Watch for more photos/video on City & Shore Magazine’s Facebook page, https://www.facebook.com/CityAndShoreMagazine/

Grand opening of Icon Las Olas

About 400 guests, including the development team, brokers, tenants and local government officials, gathered Tuesday (10/24) at 500 E. Las Olas Blvd. in Fort Lauderdale for the grand opening of Icon Las Olas, a 272-unit luxury apartment building developed by The Related Group and Rabina Properties.

Residents began moving into the building on Sept. 25, and currently 65 units are occupied. Sixty percent of the units are leased, at rents ranging from $2,500 to $7,000 for one- to three-bedroom units. One tenant combined two penthouse units to create a five-bedroom apartment that rents for $13,000 per month.

Units range from 960 to 1,926 square feet and feature Italian cabinetry, quartz and granite countertops, Sub-Zero and Bosch appliances and soaking tubs in the master bedrooms. The living and dining areas are spacious; the kitchen designs are sleek and contemporary.

Building amenities include a state-of-the-art gym, Pilates and spinning studios, a business center, club room, two pools, a spa, wine-tasting salon and a “Morning News Café,” where residents can grab morning coffee and pastries and catch up on the news. There also will be an ETARU restaurant, a Japanese-style eatery from Rainer Becker, the creator of Zuma Restaurants Worldwide.

Related Group includes art in all of its buildings, and Icon is no exception. The lobby features four large paintings by local artist Lynne Gelfman, a column installation by a Colombian collaborative called Mangle and a ceramic bead installation behind the front desk by Miami artist Jon Millan. The amenity floor features additional prints and paintings.

Guests toured three furnished model apartments, designed by Interiors by Steven G.; as well as the wine-tasting salon, game room, party room, pool deck, gym, spa, spinning and Pilates studios, Morning News Café and the 44th floor pool deck, which offers city and ocean views. There was champagne, live music and light bites by ETARU at the grand opening party.

“I feel great pride to be here with my partner, Mickey Rabina,” says Jorge M. Pérez, chairman and chief executive officer of The Related Group. “We really have created by far the most beautiful multifamily rental apartment in Florida. There’s nothing like this in the market. If you really want true luxury — if you want to be a renter by choice, not a renter because you have to — there is no alternative.”

“I am a very picky guy — I have very high standards,” Pérez says. “We’ve exceeded all our expectations. Everything is magnificent.”

 For more information about Icon Las Olas, call 954-715-4577 or visit iconlasolasfl.com

Posted Oct. 25, 2017 (Photo: Lobby of the new Icon Las Olas. PHOTO: Robyn A. Friedman).

  

 

VIDEO: Topping off ceremony at Sabbia Beach in Pompano Beach

Sabbia Beach Celebrates Topping Off

About 150 guests, including the development team, brokers, unit buyers and local government officials, gathered at the sales gallery of Sabbia Beach today (Aug. 17) to commemorate the topping off of the 68-unit project, under construction at 730 N. Ocean Blvd. in Pompano Beach.

In the construction industry, “topping off” (sometimes referred to as “topping out”) signifies when the last beam is added to a structure. Builders consider it a construction milestone, as well as a media event. Up north, developers plant an evergreen tree on the top floor of a building. Here, a palm tree is generally added to the top story.

Guests at the Sabbia Beach event were treated to mimosas, hors d’oeuvres and bagels and lox while a steel drummer played Marley and more. Developer Danny Salvatore, a principal of Fernbrook Florida LLLP, and Pompano Beach Mayor Lamar Fisher addressed the crowd before everyone stepped outside to watch a crane hoist the palm tree, and an American flag, to the top of the 19-story building.

“This is our first venture, and we’re excited about it,” Salvatore said, adding he’s “looking at” doing two or three more projects, one in Pompano Beach and the others also in Broward County. He said one would be a rental and another, for sale.

Sabbia offers features not available in other new condominiums in the area, Salvatore said. “It’s on a great beach, it’s got great views and it’s an area that is being revitalized.”

Fisher thanked the developer for investing in Pompano Beach and for his commitment to the city. “It is a game-changer for us,” he said.

Sabbia Beach is over 85 percent sold out, with about half of the buyers coming from the northeast and Canada; and half, locals who are selling homes in the suburbs to live at the beach. Remaining units are priced at $950,000 to more than $2 million. Completion is expected in the spring of 2018.

Amenities include a port-cochère entrance, oceanfront pool deck, fitness center, spa and 3,600-square-foot social room with bar, catering kitchen, game and poker tables and large-screen television.

For information about Sabbia Beach, call 954-781-9700 or visit sabbiabeachcondos.com.

Posted Aug. 18, 2017 (Photo: A crane hoist a palm tree, and an American flag, to the top of the 19-story Sabbia Beach project).

 

 

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