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.

 

 

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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