The Pearl Townhomes Ribbon Cutting
Thanks to new housing developments, the area around the Turnpike entranceway to Pompano Beach is being reborn as a vibrant, mixed-income neighborhood for local families. The Pearl Townhomes, a market rate development, recently celebrated its opening with a ribbon cutting ceremony. While across the road, Broward County will be redeveloping a former Motel 6 into a mixed-use project with affordable, workforce, and market rate units.
The Pearl Townhomes project was developed thanks to the efforts of the Pompano Beach Community Redevelopment Agency (CRA), which acquired four large parcels of land on Northwest 31st Street, and provided these parcels to the developer to initiate the growth of the area.
“We’re very proud of this project which has uplifted the entire corridor into the City,” said Nguyen Tran, CRA Director. ““Years ago, a task force was formed to determine ways to improve this blighted commercial corridor. The outcome was to encourage more residential developments on the vacant parcels. The team from Invest Capital partnered with us to help revitalize this corridor with the constructions of 51 townhouse units.”
Invest Capital Group had previously completed 11 townhomes on NW 13th street and NW 27th avenue in Pompano Beach as part of their first project in the City and were eager to continue elevating housing options in the City.
Invest Capital Group's CEO & Founder, Gabriel Amiel, expressed his enthusiasm for the project and the City's future. "In a community that’s been eager for growth, Invest Capital Group is proud to be one of the first to recognize the ambition of this City and to act on it," he said.
The area around the Turnpike entranceway was once burdened by economic hardship and high crime rates, but now this neighborhood is being transformed into a source of pride for the families who live here. The Pearl Townhomes feature 51 thoughtfully designed units, each with three bedrooms and two-and-a-half bathrooms. The modern exteriors are complemented by expansive landscaping and high-quality interiors. Each home includes a private garage and backyard, providing families with the space and comfort they need. The first 14 townhomes were quickly leased, a testament to the strong demand for this type of housing. The remaining units were fulfilled in September, with full project completion expected by the end of 2025.
"Pompano Beach is undergoing a transformation with developments such as the Innovation District and The Pomp coming to the area. These major developments will introduce new restaurants, retail, hotels, and entertainment to the area, creating new jobs and opportunities for the local economy,” continued Amiel.
“With all our developments being made on vacant land, it is our mission to elevate the housing options in the area for working people and families, without displacing them. As a leader in class A residential developments, we’re happy to bring a new level of high-end living to Pompano Beach as the city continues its evolution into a vibrant and dynamic destination,” Amiel continued.
Looking ahead, Invest Capital Group is preparing an upcoming project on 27th Avenue, which will include 80 to 100 apartment units, which will be an investment of over $60 million in the City of Pompano Beach and will play a significant role in the redevelopment of Pompano Beach in partnership with the CRA’s efforts. While Broward County is expected to start construction in 2026 on the former Motel 6 site, transforming it into a mixed-income apartment project that will offer 467 units with market-rate, affordable, and workforce housing, along with retail space.
This collective effort, from the CRA, private developers, and the County are laying the groundwork for a more prosperous and inclusive future for all our City’s residents.
