2400 E. Atlantic Blvd. — Approximate Site of Proposed 381-Unit Tower
A Portman Residential-controlled entity has closed on two land parcels at 2400 East Atlantic Boulevard in Pompano Beach, clearing the way for an eight-story, 381-unit mixed-use project on the site of a former bank branch and a vacant office building. The purchase closed October 22, according to Broward County records.
As reported by TAPinto Pompano Beach, the deal bundled sales from two different sellers. The outlet reports the land sales totaled $8.9 million overall, while elsewhere in its reporting it separately states that Wells Fargo Bank, N.A. sold the main bank parcel for $9.37 million and Sharon S. Gordon sold adjacent land lots for $3.35 million — figures that do not match the stated $8.9 million total. The 3.2-acre site, according to Multifamily & Affordable Housing Business, currently features a vacant vintage office building and a former bank.
What Portman Plans to Build
Portman Residential has indicated groundbreaking in fall 2026, with the project’s design phase currently underway and construction anticipated to begin that same season, per the developer’s own project page on Portman Holdings’s site. Completion is slated for late 2028, the company has indicated. The plan is meant to convert the site from a small office property into a multifamily development, according to the same account…