New Construction Condos in Pompano Beach FL

Developers are proposing a pair of new condo projects - the 350-unit Koi Residences & Marina and the 24-unit Pompano City Place - for the Pompano Beach coastal market.
"Developers are moving forward at a rapid speed with announcements and design applications for new condo projects in the coastal markets of South Florida," said Peter Zalewski, a principal with the Greater Downtown Miami-based real estate consultancy Condo Vultures® LLC. "Despite the growing number of proposed units in the tricounty region, about 2,500 units are currently under construction or recently completed in South Florida as of March 2013. The unanswered question is, how many of the proposed condo towers will be able to attract enough cash buyers - as the construction financing environment while improving still posses challenges for developers - to fund the building of their respective towers in the near future."