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Deals & Dealmakers

The Estate Companies Breaks Ground on Soleste Pompano Beach Luxury Mixed-Use Rental Community with 253 Units and 4,000 SF of Commercial Space

The Estate Companies (EIG), a leading developer of luxury multi-family projects throughout South Florida, has broken ground on Soleste Pompano Beach, an eight-story, mixed-use community with 253 luxury apartments and 4,000 square feet of commercial space at 208 N. Federal Hwy. 

“We are excited to get this project off the ground, albeit given all the short-term economic challenges most are facing in the construction industry, our ability to perform while many projects are being shelved is a true testament to our entire organization and ability to self-perform,” stated Jeffrey Ardizon, principal, The Estate Companies. “Pompano Beach and South Florida in general is a market that continues to demonstrate healthy absorption and strong long-term fundamentals, despite all the recent headwinds. Future residents will benefit from its proximity to the beach but also boundless entertainment and dining options at an attainable price point, located on one of South Florida’s busiest corridors, just north of East Atlantic Boulevard.”

Soleste Pompano Beach will offer studio apartments, one- and two- bedroom units, and live-work units with a combination of residential and business space ranging in size from 450 to 1,050 square feet. A parking garage will include 367 spaces with another 11 parallel parking spaces at the ground level.

Like all projects within the Soleste Living brand portfolio, Soleste Pompano Beach will offer a vast collection of health and wellness offerings and social components, including a resort-style pool and amenity deck with fitness center on the sixth floor and public open space with a picnic area.

The Estate Companies is one of the largest and most active multifamily development firms in Florida. Soleste Pompano Beach is part of the firm’s strategic plan to increase its focus on development in Broward and Palm Beach counties. In addition to Pompano Beach, The Estate Companies has luxury projects in various stages of development in Spring Gardens, Dania Beach, Riviera Beach, West Palm Beach, two in North Miami Beach, and three projects in Hollywood, among others.

The firm recently completed and sold Miami’s first large-scale, ground-up opportunity zone development, Soleste Grand Central in Downtown Miami, and completed Alture Westland, a hotel conversion in Hialeah. 

For information on The Estate Companies, please visit www.eigfl.com. For more information on the firm’s Soleste portfolio of projects, please visit www.SolesteLiving.com

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