US Development Tops Out Pompano Beach Condo Building
The luxury project is scheduled for delivery next year.
U.S. Development has topped out Salato Residences, a 40-unit luxury condominium project in Pompano Beach, Fla. The development is set to reach completion in 2026.
Kast Construction is the general contractor, with Randall Stofft Architects serving as architect of record. Interiors have been designed by Steven G.
The topping out event was held on May 16th on the nine-story building’s rooftop, with representatives from the development team. Tinka Ellington Group is in charge of sales, while IMI Worldwide is leading the development’s marketing efforts. Residence prices range from $2 million to $4.9 million. So far, nearly 60 percent of the Salato condominiums have been sold.
Last year, the developer secured $73.8 million in construction financing from Maxim Capital Group, according to Broward County public records. U.S. Development purchased the land in 2022 for $9.7 million, according to the same source.
Salato Residences is rising at 305 Briny Ave., close to the city’s downtown area, and to multiple oceanfront retail and restaurant options. Interstate 95 and Pompano Beach Airpark are also nearby. Fort Lauderdale, Fla., is within 10 miles from the property, Boca Raton, Fla., is within 13 miles and Fort Lauderdale-Hollywood International Airport is within 18 miles.
A closer look at an extensive amenity package
Floorplans at Salato Residences include three-bedroom units ranging from 2,106 square feet to 3,354 square feet. The building also features a collection of six penthouses. Interiors have open floorplans with wide living spaces, 14-foot-deep terraces ranging from 320 square feet to 746 square feet, and floor-to-ceiling windows with views of the Atlantic Ocean.
Residences feature sliding glass doors, great rooms, kitchens with European cabinetry, Subzero and Wolf appliances, as well as dining areas, walk-in closets and primary bathrooms with glass partitions, porcelain tiles, solid quartz countertops and Kohler fixtures. Additionally, all residences include laundry rooms and side-by-side washers and dryers.
Salato Residences features more than 20,000 square feet of amenities and services, including an 80-foot swimming pool with wet deck and outdoor grilling stations, poolside lounge suite, a covered bar and loggia, 28 hobby rooms, a resident lounge with a coffee and tea bar, an 8,000-square-foot fitness center and a club room with a catering kitchen.
Residents also have access to Salato’s Beach Experience and spa services, with on-site treatment rooms, maintenance, housekeeping, security and 24-hour concierge services. Other features include saunas, steam showers and open-air beach showers with dog washing spaces. Plans also call for the addition of 2,700 square feet of retail and restaurant space.
Multiple condo projects in Miami
The Miami condo market has multiple projects in various stages of development. Last week, private investor Giuseppe Ladisernia secured $112 million in construction financing for a 250-unit condo project in Hallandale Beach, Fla. S3 Capital originated the financing for Oasis East Tower, the final component of a mixed-use development in the South Florida cities of Hallandale Beach and Aventura.
In April, PMG secured $413 million for One Twenty Brickell Residences, a dual-tower condominium and rental project with 803 residences in Miami’s Brickell district. This is the largest loan transaction in South Florida so far this year. Meanwhile, Continuum Co. broke ground on a 198-unit waterfront condo tower in North Bay Village, Fla. Dubbed Continuum Club & Residences, the project represents Continuum Co.’s second branded development in Miami, with Kast Construction as general contractor.
