Related Group has locked down a $91.3 million construction loan for Solemar, a luxury oceanfront condo building currently under construction at 1116 N Ocean Blvd. in Pompano Beach. The loan was provided by CIBC Bank USA. The project is over 97% sold after launching sales in September 2020 before breaking ground in May 2021.
The 105-residence building is the first-of-its-kind for the city of Pompano Beach, as it is currently the only on-the-sand luxury offering in this dynamic coastal enclave. Pricing for entry level units at Solemar were priced from $1.3 million, equating to approximately $800/psf.
The 20-story Solemar features an undulating façade designed by Arquitectonica to mirror the ocean’s rippling waves. Interiors by Meyer Davis embody relaxed sophistication, with an aesthetic that highlights soft muted tones and natural materials.
Residences at Solemar range in size from 2,000 to 2,600 square feet, as well as a limited collection of three penthouses of 4,600 square feet each. Each home is appointed luxury finishes such as kitchens with Italian cabinetry and Sub-Zero and Wolf appliances, private elevators, sprawling master bathrooms with soaking tubs, the latest smarthome technologies and more. Every unit features breathtaking views of the Atlantic Ocean and Intracoastal Waterway.
Each home at Solemar comes wired with DARWIN, a Home Wellness Intelligence Network developed by wellness real estate and technology company, Delos. Sourced and installed by automation company, HEDsouth, the technology seeks to turn your home into a catalyst for enhanced health and performance. Using proprietary software including algorithms and sensor technologies, DARWIN is designed to help enhance energy, sleep and overall well-being, and reduce indoor contaminants that negatively affect respiratory, cardiovascular, immune and cognitive health by monitoring and calibrating air, water and light quality.
Solemar offers world class amenities including a state-of-the-art fitness center overlooking the tropical poolside sanctuary, spa treatment rooms offering on-demand spa services, a theater room, wine salon and club room. Outdoors, amenity options include hammock lounges, firepits, barbeque grills, a poolside café and sunrise/sunset terrace, all set within 250 linear feet of pristine beachfront.
Additionally, residents will be among the first to gain access to the Related Living app, developed exclusively for owners and residents of Related Group developments. Related Living will allow for on-demand and completely contactless communication to utilize Solemar’s extensive resort-style services and amenities. Residents will be able to request their car from valet; chat with concierge; manage deliveries; reserve amenity rooms, beach chairs and BBQ areas; book spa appointments; connect with other residents and more.
For more information about purchasing a residence in Solemar, private showings or purchasing/ leasing information please fill out the form below: