POMPANO BEACH
History
Pompano Beach is a city in Broward County, Florida, located about 21 miles northwest of Fort Lauderdale. It is located approximately 36 miles (58 kilometers) north of Miami, Florida. The area where Pompano Beach is located was originally inhabited by the Tequesta Native American tribe. Then founded in 1838 by freed slave Frank Sheene, Pompano Beach was once part of Dade County, which encompassed much of present-day Broward County. As settlers moved in and developed the area, Pompano Beach quickly became an agricultural and fishing hub. The town grew so prosperous that it was incorporated as a municipality in 1908.
In the following decades, the city experienced rapid growth as it became a popular destination for tourists and retirees. The city's economy is based on tourism, agriculture, and manufacturing, with a focus on boating and fishing.
Pompano Beach is known for its beautiful beaches, fishing pier, and recreational facilities. It is also home to the Pompano Beach Amphitheatre, a popular venue for concerts and other events. Museums such as Old Dixie Highway Museum offer insight into the city's past while art galleries like Artisan Center bring modern aesthetic to life with sun-soaked murals and sculptures throughout downtown. With more than 3 miles of beautiful beaches stretching along its coast, there is something for everyone to explore in this vibrant city.
In recent years, the city has undergone revitalization efforts to improve its downtown area and attract new businesses and residents.
Boating and Fishing
Pompano Beach is a popular destination for boating and fishermen, due to its location on the Atlantic Ocean and its proximity to the Hillsboro Inlet and the Intracoastal Waterway. The city has several marinas and boat ramps, as well as a fishing pier and numerous charter fishing companies. Fish commonly caught off the pier include snapper, grouper, mackerel, tarpon, flounder and shark. In the warmer months of the year, fishermen can also take advantage of the plentiful amounts of bait fish in the waters surrounding Pompano Beach.
Boaters in Pompano Beach can enjoy a variety of activities, including cruising along the Intracoastal Waterway, exploring the many waterways and inlets in the area, and accessing the Atlantic Ocean through the Hillsboro Inlet. The city is also home to a number of boat clubs and sailing clubs, offering opportunities for recreational boating and competitive racing.
Fishing is a popular activity in Pompano Beach, with a variety of fish species found in the area's waters, including tuna, wahoo, sailfish, and marlin. The city's fishing pier, located on the beach, is a popular spot for anglers. There are also many charter fishing companies offering deep sea fishing trips and guided fishing excursions.
Popular neighborhoods
Pompano Beach is home to several highly sought-after neighborhoods. If you're looking for a place to live in this city, check out these top neighborhoods:
Hillsboro Mile: This upscale neighborhood located along the Atlantic Ocean features luxurious beachfront homes and condos. Retirees and second home buyers are among the frequent residents here.
Palm Aire: Located in the western part of Pompano Beach, Palm Aire is an established neighborhood with single-family homes and condos. It offers world-class amenities, including a golf course, country club, and recreational facilities.
Pompano Beach Highlands: This large residential neighborhood situated in the northeastern part of Pompano Beach is known for its affordable housing options and proximity to local schools and parks.
Collier City: The eastern part of Pompano Beach is home to Collier City, a diverse neighborhood that offers both single-family homes and apartments. It provides affordable accommodations and easy access to local amenities.
Cypress Bend: Located in the western part of Pompano Beach, Cypress Bend is a well-established neighborhood with a mix of single-family homes and condos. It boasts quiet, tree-lined streets and easy access to local parks and recreational facilities.
When selecting a neighborhood in Pompano Beach, it's important to consider factors such as its proximity to amenities, access to public transportation, and overall safety and community vibe.
Commercial Real Estate
Pompano Beach, Florida is a bustling city with a thriving commercial real estate market. This city is a popular destination for businesses looking to establish a presence in South Florida, thanks to its strategic location and diverse economy.
If you're looking for commercial real estate in Pompano Beach, here are some types of properties to consider:
Office Space: There are many options for office space in Pompano Beach, from high-rise buildings to smaller, more intimate spaces. Many offices come equipped with modern amenities and feature top-of-the-line technology infrastructure.
Retail Space: Pompano Beach has a vibrant retail sector, with numerous shopping centers and malls. The city also boasts a mix of independent boutiques and larger chain stores, making it an attractive destination for retailers of all sizes.
Industrial Space: As a major transportation and logistics hub, Pompano Beach offers plenty of industrial space. This includes warehouses, distribution centers, and manufacturing facilities, all of which are designed to meet the needs of modern businesses.
Mixed-Use Properties: Some of the most sought-after commercial real estate in Pompano Beach is mixed-use properties. These properties can combine various types of spaces, such as retail, office, and residential, in a single location.
When searching for commercial real estate in Pompano Beach, it's important to work with an experienced real estate agent who knows the local market. They can help you find the perfect property that meets your business needs and budget.
Recreation Activities
Pompano Beach, Florida is a popular destination for tourists and locals who love outdoor activities. With its beautiful beaches, parks, and waterways, there are plenty of recreational things to do in this city.
Here are some of the top outdoor activities to enjoy in Pompano Beach:
Beaches: Pompano Beach boasts some of the most beautiful beaches in Florida. Visitors can swim, sunbathe, surf and enjoy water sports such as kayaking and paddle boarding.
Parks: The city has several parks, including the Pompano Community Park which features a playground, soccer fields, and tennis courts. There's also the Fern Forest Nature Center which offers hiking trails and wildlife viewing opportunities.
Fishing: Pompano Beach is known for its excellent fishing opportunities both onshore and offshore. Visitors can charter a boat for deep-sea fishing or cast a line from one of the city's many piers.
Golfing: Golf enthusiasts will enjoy the city's many golf courses, including the Palm-Aire Country Club and the Pompano Beach Golf Course.
Water Sports: The city's waterways offer endless opportunities for sports enthusiasts. Visitors can rent jet skis, take a guided tour on a paddleboard, kayak or canoe or even go scuba diving or snorkeling.
When planning a trip to Pompano Beach, be sure to include these outdoor activities on your itinerary. Whether you're looking for relaxation or adventure, this city has something for everyone.
Blog
Morgan and Carlyle Acquire Pompano Beach Development Site for $19M
JV Plans 356-Unit Apartment Complex on 12-Acre Parcel
Morgan Group and Carlyle Group are moving forward with their plans to bring a new garden-style apartment complex to Pompano Beach after purchasing a key redevelopment site for $18.8 million. The site, which includes a former Macy’s store, marks a significant investment in the area’s growing multifamily market.
The New York-based department store chain sold its 150,353-square-foot retail building located at 1200 Northeast 12th Street within the Pompano Beach Citi Centre to a joint venture between Morgan and Carlyle, according to property records and real estate database Vizzda. The acquisition of the former Macy’s site came at a price of $10 million.
In a separate deal, the joint venture also purchased the surrounding parking lot from the mall’s owner, West Palm Beach-based Sterling Organization, for $8.8 million.
Houston-based Morgan Group, known for its multifamily developments, and Washington D.C.-based Carlyle, a global investment firm, are set to build eight four-story buildings with 356 apartments and 545 parking spaces on the nearly 12-acre parcel. Pompano Beach City Commission gave the green light to the project back in 2021.
Led by CEO Harvey Schwartz, Carlyle manages a staggering $425 billion in assets. The firm made waves in 2021 when it sold Fort Lauderdale’s iconic B Ocean Resort (formerly the Yankee Clipper) for $126.9 million. That same year, Carlyle also completed a $340 million sale of a 60-acre superyacht facility in Fort Lauderdale.
Meanwhile, Morgan, led by CEO Philip Morgan, is actively working on another multifamily project in Sunrise. The Caroline at Sunrise development, approved last year, will feature 412 apartments and 40 townhomes on a 21-acre site at 3363 North Pine Island Road. As part of an agreement with the city, Morgan will dedicate 68 units as affordable housing with below-market rents.
South Florida is experiencing an unprecedented surge in multifamily development, with a record 23,863 apartments expected to be completed by the end of this year, according to a recent Berkadia report. Even as the pace of rent growth has moderated, developers are still pushing ahead with new projects to meet the demand from the region's expanding population.
"The Citi Centre is in need of revitalization, particularly for its vacant spaces," states a report by the planning and zoning board staff. "The proposed development will support sustainable infill redevelopment and attract more patrons to the surrounding businesses."
Originally built as an enclosed mall in 1970, Pompano Citi Centre underwent a redesign that left the former Macy’s store somewhat disconnected from the rest of the shopping center. This lack of visibility, combined with the rise of online shopping, contributed to Macy’s eventual closure, according to the staff report.
Since 2006, the center has been operating as an open-air shopping plaza, but it currently faces about 150,000 square feet of vacancies, accounting for 31 percent of its leasable space, according to LoopNet. Current tenants include JCPenney, Lowe’s, and T.J. Maxx. Sterling Organization purchased the property in 2012 for roughly $15 million.
For more information or assistance with selling, buying or leasing commercial property please contact me.
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