Morgan, a leading vertically integrated multifamily investment, development, and management firm, together with Compatriot Capital, is pleased to announce the groundbreaking of a new luxury waterfront apartment community located at 451 NE River Drive in Deerfield Beach. Thoughtfully planned along the Hillsboro River in The Cove neighborhood, just off the Intracoastal Waterway and Hillsboro Boulevard, the project will introduce a distinctive riverfront living experience and stand as one of the most significant residential developments the city has seen in recent years.
The Community will bring 320 Class A apartment homes to a premier site directly across the river from Boca Raton, offering residents a rare combination of expansive water views, elevated design and access to the best of both Deerfield Beach and Boca. Rising six stories in an M-shaped configuration, the community is designed so that every residence enjoys waterfront views, with select homes also offering ocean views and private balconies. The diverse mix of studio, one-, two- and three-bedroom floor plans will appeal to a wide range of residents seeking a refined riverfront lifestyle.
Designed to feel like a resort on the river, Pearl on the River will feature a robust amenities collection centered on outdoor living and connection to the water. Residents will enjoy a resort-style pool, grill area, dog park, dog wash, car wash, bike storage and a state-of-the-art fitness center. A resident-only marina with 13 private boat slips will provide direct access to the Hillsboro River, while a new public-access boardwalk will activate the shoreline and create a welcoming riverfront promenade for the broader community…