By Brian Bandell
Pompano Beach officials will consider plans for an apartment/retail building in the city’s revitalized historic downtown and a Walmart Neighborhood Market.
Both items will go before the city’s Development Review Committee on June 21.
The city’s community redevelopment agency has established the Downtown Innovation District along Atlantic Avenue just north of city hall and the new Pompano Beach Cultural Center complex. The CRA renovated some historic buildings there into retail and art studio space. One apartment complex has already broken ground there.
Now Cavache Properties, headed by Adam Adache in Pompano Beach, has proposed another project in the district. It is called Downtown Pompano Apartments, although Adache said it will likely be renamed to Old Town Square.
Cavache Properties has the 1.9-acre site at 109, 112, 116 N.E. 3rd Street; 212 N.E. 1st Ave.; and 101, 113 and 121 N.E. 2nd Street under contract from multiple property owners.
“This area, which is Pompano’s official downtown, is undergoing massive redevelopment and has become the main focus of the Pompano Beach CRA,” Adache said. “It has been attracting new art venues and galleries and new restaurants, and retail.”
The 10-story building would have 280 apartments of 203,583 square feet, 4,652 square feet of retail, 5,717 square feet of amenities, and 331 parking spaces. Adache said the units would range from studios of 480 square feet to two-bedroom apartments of 863 square feet. Old Town Square would have a gym, clubhouse, pool, and whirlpool spa, he said. He hopes to have a restaurant as one of the ground floor tenants.
Old Town Square was designed by Adache Group Architects.
“Our project, which will target millennials, is only 2.3 miles to the beach, less than one mile to I-95 and only 15 miles to the Fort Lauderdale International Airport,” Adache said. “We will be building smaller but very efficient units that will provide millennials the opportunity to live in a trendy market rate apartment at a much lower overall cost.”
Wal-mart market proposed on Federal Highway
A Wal-mart Neighborhood Market has been proposed at 3241 N. Federal Highway.
Called Cresthaven Plaza, the 42,232-square-foot project with 193 parking spaces was designed by BRR Architecture. The 6.2-acre site is owned by 1307 South Wabash LLC, an affiliate of Chicago-based Wolf Investment Properties.
The site currently has a 28,879-square-foot retail building, which would be demolished.
Boca Raton attorney James L. Pruden, who represents the developer, declined comment.