Palm AireThe Tampa development is raising conversations about other Florida land holdings.
This parcel, adjacent to Palm Aire Golf went for 2.7 million for 2.2 acres.
Pompeno has fairly high land values. The project is expecting to mearket 99 units.
The developer's web site is calling a 40 million dollar project. Roughly $500 a foot.
Palm Aire is a huge parcel of land..
Site plan applications have been filed for Palmaire, a 7-story residential building proposed to rise at 2606 Palm Aire Drive North in Pompano Beach. The interior lot is located west of Powerline Road, bound by North Palm Aire Drive on the south and Plam Aire Drive North on the north and situated adjacent to the Palm Aire Country Club. Designed by Miami-based GS Architecture with EGS2 Corp as the landscape architect for Miami-based developer Premium Development, Inc., the development is projected to yield 120,463 square feet of new construction over a 2.22-acre site, including 77,329 square feet of residential space across 99 units and 133 parking spaces.
The structure would rise 75-feet, comprised of two wings of 6 stories (East wing) and 7 stories (Nest wing), and designed as an all-connected L-shaped building which would occupy the southern portion of the development site. The main entrance would be located on the south end of the East wing connected to a private covered port-cochere. The exterior of the building would feature white-painted smooth stucco perimeter walls with decorative trellises and aluminum-frame glass windows.