The Related Group has secured a $158.9 million construction loan for Casamar, an oceanfront condo community in Pompano Beach, Florida. Canadian bank CIBC provided the financing for the 118-luxury-unit project located at 900 North Ocean Boulevard. Sales began in spring 2022 and have already generated $315 million with only three units remaining unsold. Groundbreaking took place in May 2021 and contractor Coastal Construction is expected to deliver the building by Q3 2025.
Units range from 1,000 – 3,900 square feet with prices starting at $1.8 million each and feature amenities such as sunrise/sunset pools, residents’ lounge, virtual reality golf simulator pickleball court and fitness center designed by Arquitectonica & Rockwell Group respectively .
