JERSEY CITY, NJ - U.S. Development is poised to imminently begin construction of Salato Pompano Beach, the first boutique ultra-luxury development of its kind nestled along the city’s coastline. The developer is beginning to mobilize for groundbreaking after the Sept. 26 loan closing of a $73.8 million construction facility provided by Maxim Capital Group and BH3 Management. The project’s completion is expected before the end of the 2026 season.
Salato is already 40% sold before construction commences, as local, domestic and international buyers are attracted to the 40-residence project’s unmatched combination of privacy, amenities and lifestyle. The building’s 40 private residences, expansive oversized terraces and superior amenities stand out from Pompano Beach’s existing options.
“We are thrilled to obtain our construction financing and break ground on Salato,” said John Farina, CEO of U.S. Development. “It could not be a more ideal time to start construction, as we near the start of the upcoming season.”
Jason Krane of Ackman-Ziff arranged the construction financing.
Set to rise just across from Pompano Beach’s pristine oceanfront– and steps from the Pompano Pier, Salato’s 40 residences include six spectacular penthouses, all designed by Randall Stofft Architects with Interiors by Steven G. Features include floor-to-ceiling windows that provide gorgeous views of the Atlantic Ocean, direct beach access, and over 20,000 square feet of amenities designed to feel like a world-class luxury resort.
“This significant milestone is a testament to our belief that luxury buyers in Pompano Beach desire a boutique alternative,” said Dustin Salzano, CFO of U.S. Development. “This intimate building, with four elevators for 40 residences and over 20,000 square feet of amenities, offers intimacy and the feel of single-family living.”
Salato also features 2,700 square feet of retail commercial space fronting A1A. The developer seeks to bring in a renowned restaurant concept as an additional amenity for Salato residents and the Pompano Beach community.
Individual residences at Salato range from 2,106 to 3,354 square feet and feature open floorplans with extra wide living spaces and incredibly rare 14-foot-deep terraces that range from 320 to 746 square feet (ample room to host open-air gatherings). Salato’s amenities are on par with those found in five-star resorts. They include an ocean view pool and spa with separate wet deck and loungers, poolside lounge suite with covered bar and loggia, dry saunas and steam showers, massage room, state-of-the-art fitness center, and an event space outfitted with a private catering kitchen.
Douglas Elliman Development Marketing (DEDM) presides over sales at Salato, with IMI Worldwide in charge of marketing.
Prices at Salato begin at just under $2 million. For more information and to schedule a private appointment, visit SalatoResidences.com or contact 954-284-0090. Salato’s sales gallery is located at 3200 E. Atlantic Blvd. – just a few blocks away from the project site.
ABOUT U.S. DEVELOPMENT: U.S. Development is an established real estate development and management firm specializing in ultra-luxury condominiums and multifamily/mixed-use buildings designed to elevate the standard for quality development. The visionary leadership at USD is intricately involved in all phases of the development process from entitlement to design, construction, and delivery. They bring a unique and fresh perspective to luxury real estate that results in iconic, high-end developments that forever transform waterfront and urban landscapes across the east coast. Properties developed by USD, or its principals, have generated over $420 million in sales in the last several years alone, and the firm is actively developing nearly $200 million in current real estate projects.
About Douglas Elliman Development Marketing (DEDM): Douglas Elliman Development Marketing, a division of Douglas Elliman Real Estate, offers unmatched expertise in sales, leasing, and marketing for new developments throughout New York City, Long Island, Westchester, New Jersey, Florida, California, Massachusetts, and Texas. The company’s new development hybrid platform matches highly experienced new development experts with skilled brokerage professionals who provide unparalleled expertise and real time market intelligence to its clients. The firm is heralded for its achievements in record-breaking sales throughout each of its regions. Drawing upon decades of experience and market-specific knowledge, Douglas Elliman Development Marketing offers a multidisciplinary approach that includes comprehensive in-house research, planning and design, marketing, and sales. Through a strategic global alliance with Knight Frank Residential, the world’s largest privately-owned property consultancy, the company markets properties to audiences in 58 countries, representing an over $87 billion global new development portfolio. www.elliman.com