Speeches were made, toasts were raised, and a row of shovels tossed dirt into the air to mark the start of something big. Under the bright Wednesday sun in Pompano Beach, the groundbreaking celebration for the Waldorf Astoria Residences brought together excited buyers and the teams behind the project’s design and construction.

The bold bet on the region is already paying off—Related Group, in partnership with Merrimac Ventures, announced that 70% of the units have been sold. Designed by Nichols Architects in collaboration with Kora, the building was well-received by Hilton’s ultra luxury brand.

After the ceremony, Related CEO Jon Paul Perez and his brother Nick Perez, President of the Condominium Division, sat down with Sun Sentinel’s David Lyons to talk about tariffs, construction costs, and their long-term vision for the market. Their strategy is reinforced by the local insight of Nitin and Dev Motwani, who—along with their mother—helped lay the foundation for the family’s successful ventures in Broward.

Read the full story at:  Waldorf Astoria Residences breaks ground in Pompano Beach