Related Completes Casamar Tower in Pompano Beach with $350M Sellout

Key Takeaways

• $350 million sellout for Casamar: Related Group has sold nearly all 118 oceanfront condos at its Casamar tower in Pompano Beach.

• High-end product: Units range from approximately 1,000 to 3,900 square feet, with prices recorded between $1.6 million and $6.4 million.

• Growing pipeline in Pompano Beach: Related has multiple branded-residence projects underway in the area, including Waldorf Astoria and W Pompano Beach Hotel & Residences.

What Happened & Why It Matters

Project Overview

Casamar is a 21-story, 118-unit oceanfront condo located at 900 North Ocean Boulevard in Pompano Beach. The project was developed by Related Group and designed by Arquitectonica and Rockwell Group. Amenities include two pools, a fitness center, a pickleball court, and 283 feet of direct beachfront. Move-ins are underway, and the tower is nearly sold out, with only a few units remaining.

This marks Related’s second completed project in Pompano Beach, following the 105-unit Solemar, which was delivered in 2023.

Market Position

Unit prices ranged from $1.6 million to $6.4 million, reflecting robust demand in the luxury condo segment. With a total projected sellout of $350 million, the project reinforces Pompano Beach’s evolution into a premium coastal destination.

Upcoming Pipeline

Related has two additional major developments planned in the area. The first is the 28-story, 92-unit Waldorf Astoria Pompano Beach, which is being developed in partnership with Merrimac Ventures. That project is already over 70 percent presold, with construction scheduled for completion in 2027.

The second is the W Pompano Beach Hotel & Residences, a 24-story, 373-unit condo-hotel project being developed in collaboration with BH Group.

Several other developers are also targeting the area with high-end branded residences, including Armani/Casa and Ritz-Carlton projects. This underscores a broader trend of major luxury names entering the Pompano Beach market.

Investor Takeaways

The successful launch and near sellout of Casamar confirms strong buyer appetite for branded, high-end coastal condos. Investors should note the increasing momentum in Pompano Beach, as more developers position the city as the next luxury hotspot in South Florida.

Branded residences are becoming a defining feature of the market, and early entry into these projects may offer upside potential as the area continues to transform. However, with rising construction and borrowing costs, along with competition from other luxury projects, execution and timing will be critical to maintaining pricing power.