Related Group And BH Group Acquire Pompano Beach Development Site For $47.5M

20 N Ocean Blvd Pompano Beach, FL 33062, USA

$47,500,000

Building Size

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Asset Type

Development Site

Closing

Jun 1, 2023

AI

Related Group and BH Group have purchased a 3.7-acre Pompano Beach development site for $47.5 million. The waterfront property is located at 20 North Ocean Boulevard and holds approval for a mixed-use project. The planned development includes a 24-story condo tower, a 22-story hotel, and retail spaces.

Summary of transation details

Property Type: Development Site
Transaction Amount: $47,500,000
Address: 20 North Ocean Boulevard
Market: Pompano Beach
Acres: 3.7

The buyer in this transaction is Related Group, represented by Jon Paul Pérez, Nick Pérez, and Jorge Pérez, along with BH Group, represented by Liat and Isaac Toledano. The seller is Chetrit Group, represented by Joe Chetrit. The lender involved in the deal is Centennial Bank.

Players