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Author: Irvin Parcon

Why Home Prices Keep Going Up

If you’ve ever dreamed of buying your own place, or selling your current house to upgrade, you’re no stranger to the rollercoaster of emotions changing home prices can stir up.

An Exclusive Preview of Waldorf Astoria’s Inaugural Standalone Residences in Pompano Beach, Florida

Developer Related Group, in collaboration with Merrimac Ventures and Hilton, is set to introduce Waldorf Astoria Residences Pompano Beach, marking the first purely residential tower under the Waldorf Astoria brand and the initial appearance of Waldorf Astoria in Broward County. “Pompano Beach is unique in that it’s a city that has all the infrastructure and amenities you want in your hometown, with close proximity to the excitement of Fort Lauderdale, Boca Raton, and Miami.” – Dev Motwani, Managing Partner, Merrimac Ventures “We have been paying particular attention to emerging markets and where we see the Waldorf Astoria customer living and traveling. Pompano Beach is very much considered that type of growing market, poised to grow and rival neighboring locations like Miami and Fort Lauderdale as far as appeal to live and own a home.” – Dino Michael, SVP and Global Head of Hilton Luxury Brands This exceptional development, situated along the coast just north of Fort Lauderdale, occupies a prime two-acre oceanfront site. The 28-story tower will house 92 luxury residences and feature a private 19-slip marina, a rare amenity in the region. The project’s unique position in the market is emphasized by its focus on permanent residents, distinguishing it from typical temporary guest-focused properties. “Standalone branded residential projects from luxury hospitality brands are nothing new, but they allow for more freedom and flexibility where the focus is purely on the residents, not an influx of temporary guests.” – Nick Pérez, President of Condominium Development, Related Group The meticulously planned communal spaces within the tower include a 20,000-square-foot oceanfront pool deck, 200 feet of beachfront access, a beachside cafe, and wellness-focused facilities such as a spa and fitness center. Residents will enjoy exclusive access to a range of amenities, including pool-side service, a personal concierge, and in-residence dining. The property will also showcase museum-quality art from the renowned Jorge M. Perez Contemporary Art Collection, creating a sophisticated ambiance. “We spent months going over the history of the Waldorf Astoria brand, speaking with its brand ambassadors and visiting its top locations around the world—all with the goal of capturing every nuance, every subtlety, and every whisper of the brand’s timeless essence.” – Nick Pérez, President of Condominium Development, Related Group The interior design, led by Nichols in collaboration with BAMO, Enea Landscape Architecture, and KORA, ensures a world-class experience. Residences will range from two to five bedrooms, offering floorplans spanning from 2,100 to 6,100 square feet. Each unit will feature top-of-the-line amenities, including Wolf and Sub-Zero appliances, spacious balconies, and custom Italian cabinetry. “The quality of design and amenities will be second to none, elevating the market and the type of resident coming to the Pompano Beach market.” – Dev Motwani, Managing Partner, Merrimac Ventures Waldorf Astoria Residences Pompano Beach promises unparalleled luxury and service, setting a new standard in the Pompano Beach market and offering residents the enhanced lifestyle benefits associated with Waldorf Astoria’s global legacy. Waldorf Astoria Residences’ official sales launch will be on Nov. 1, 2023. If you want to join their VIP list: visit https://waldorfastoriaresidencespompanobeach.com.   South Florida Luxury Real Estate | Ocean Area Living | Heather Lefebvre