New 327-Unit Apartment Building Breaks Ground in Pompano Beach
Fairfield Pompano, LP, an affiliate of a San Diego-based developer, recently filed notice with Broward County that it has started construction on a six-story, 327-unit apartment complex, plus approximately 10,000 square feet of commercial space and a parking garage, located at 601 N. Federal Highway, just south of the Pompano Beach Community Park and the Pompano Air Park. The property used to house a commercial center, which was demolished.
Fairfield reportedly obtained a $56.5 million construction loan from Santander Bank. According to property records, the developer acquired the 3-acre site for $7.7 million on June 15, 2018.
The estimated opening, according to the developer, is in 2020. Learn more about Fairfield Residential at https://www.fairfieldresidential.com/new-developments/
This story was prepared by our Pompano Beach news desk with additional information from various public sources and their websites.
For more Pompano Beach news read Pompano! magazine and search our website.
[/vc_column_text][vc_single_image image=”7628″ img_size=”full” add_caption=”yes”][/vc_column][/vc_row]