Contact information regarding City Vista, Royal American Management 954-942-7142 or Pompano Beach City Hall 954.786.4600
Pompano Beach’s plan to transform a mostly vacant area into the Innovation District has taken its first step as the City Vista Apartments have broken ground.
Located on the north side of Atlantic Boulevard, east of Interstate 95, the neighborhood has been overlooked by developers for years. The Pompano Beach Community Redevelopment Agency acquired a large section of the area over the years. In June, it sold 2.4 acres to City Vista Associates, an affiliate of Miami-based Landmark Cos., for $1.3 million.
City Vista Associates recently obtained a $12 million construction loan from Citibank and a $100,000 HOME Investment Partnership loan from Broward County. That allowed it to break ground on 111 apartments and 3,800 square foot of ground-floor commercial space at the northeast corner of Martin Luther King Boulevard and Northwest 6th Avenue.
Corwil Architects designed the project.
The Pompano Beach CRA will manage the commercial space at City Vista and plans to use it for co-working, said Dahlia Baker, program director for the CRA.
The CRA is working on a design for the entire Innovation District, a 38-acre area where 15 acres are owned by the CRA or the city, said Kim Briesemeister, principal of Redevelopment Management Associates, which was hired to manage the Pompano Beach CRA. The plan calls for a linear drainage systems — narrow waterways between the parcels — to replace a large drainage site. That would free up more of the property for development.
It’s near the original downtown of Pompano Beach, where several historic buildings have been renovated by the CRA.
Briesemeister said the new zoning in the Innovation District would allow up to 750,000 square feet of office space, 165,000 square feet of retail, 35,000 square feet of restaurants, 1,500 residential units, and two hotels with a combined 420 rooms. That all starts with the City Vista Apartments.