Two-building, 205-unit condo project is over 90% pre-sold
Edgardo Defortuna’s Fortune International Group and Ricardo Dunin’s Oak Capital landed a $259 million construction loan for The Ritz-Carlton Residences, Pompano Beach. Fortune and Oak Capital are developing the two-building, 205-unit condo project between the Atlantic Ocean and the Intracoastal Waterway. The 4.6-acre site is at 1380 South Ocean Boulevard. Bank OZK provided the financing, according to a release. Construction started this year, and completion is expected in 2026, the release says.
Ritz-Carlton Residences will consist of the 32-story, 117-unit Beach Tower along the ocean, and the 14-story, 88-unit Marina Tower along the Intracoastal Waterway. More than 35,000 square feet of amenities will include a residents marina and restaurants.
