PHOTOS: On the scene at Sabbia Beach’s sales gallery opening
Developers are using a 35 percent deposit structure
November 23, 2015 02:15PM
Sabbia Beach, the first new high-rise tower in Pompano Beach in nearly a decade, recently held a launch party for the opening of its $1 million sales gallery.
Sabbia Beach, now more than 50 percent sold, is targeting local buyers, according to Amy Ballon and Lisa Whitaker, co-founders of Hemisphere Sales Group. The project is using a 35 percent deposit structure.
The development, at 730 North Ocean Boulevard, will break ground during the first quarter of next year. The 68-unit tower was designed by Miami-based Arquitectonica with Interiors by Steven G., and will include an oceanside pool, gym, spa and saunas. Fernbrook Florida is the developer.
Sabbia Beach will feature a 3,600-square-foot social room with a bar, kitchen, games and poker tables, according to a press release. Units range from the low 900,000s to $3.5 million, with penthouses starting at $5 million. – Katherine Kallergis and Sean Stewart-Muniz
Source: The Real Deal