Atlanta-based developer Portman has received approval from the Pompano Beach Planning & Zoning Board for an eight-story mixed-use apartment project at 2400 East Atlantic Boulevard. The development will feature 397 apartments and 10,600 square feet of retail and restaurant space, as detailed in a press release. Planned amenities include a pool and fitness center.
Portman first introduced the proposal in May. Construction is expected to begin this fall with completion targeted for late 2028. The site currently contains an office building and parking lot.
Portman is led by Chairman and CEO Ambrish Baisiwala and President John C. Portman IV. John C. Portman IV is the grandson of the company’s founder, architect John C. Portman Jr., known for projects such as Peachtree Center in Atlanta, Embarcadero Center in San Francisco, and Renaissance Center in Detroit.
The firm, which has traditionally focused on office and hospitality developments, is broadening its portfolio to include multifamily, industrial, and student housing projects while updating its leadership structure to manage a $5 billion pipeline.
Pompano Beach has seen increased interest from developers recently, with several large residential projects planned or underway in the area. In June, Related Group and Merrimac Ventures secured a $160 million construction loan for Waldorf Astoria Residences Pompano Beach. Related Group also partnered with BH Group for W Pompano Beach Hotel & Residences.
Other significant developments include Ritz-Carlton Residences, Pompano Beach by Fortune International Group and Oak Capital, who obtained a $259 million construction loan from Bank OZK last year.
“Portman first proposed the project in May. Construction is set to begin this fall, and Portman expects to complete construction in late 2028,” according to the release.
“Portman is helmed by Chairman and CEO Ambrish Baisiwala and President John C. Portman IV,” states the release.
“John C. Portman IV is the grandson of the firm’s late founder and famed architect, John C. Portman Jr., who died in 2017,” according to his New York Times obituary.
“The development firm, historically focused on office and hospitality projects, has been expanding its portfolio to include multifamily, industrial and student housing projects,” says the release.
“It has also been revamping its leadership to manage its $5 billion pipeline,” according to the statement.
