The historical First Evangelical Lutheran Church, in Flagler Village, was converted a few years ago to become a nightclub and restaurant.Īnd for churches, the subsequent real estate deal can give them the opportunity to set up endowments or scholarships for the community. Other churches in South Florida have been re-purposed for residential or commercial use. There is not as much infill space so developers are going to churches because often times they are on main streets.”Īs well, churches are usually sitting on large acreages of land, Messier added. A beautiful peaceful, paradise island resort with PADI Dive Centre, dive packages available with luxury accommodation. “Especially in South Florida, land is becoming more and more expensive. This 6-mile-long sandy stretch is one of the prettiest in the state, with views of offshore islands and the Kennebec and Morse Rivers. Youll find multiple bedrooms, laundry facilities and furnished living rooms, so you can.
“Churches are some of the largest landowners in the country other than governments,” noted Matt Messier, principal with the Orlando-based Foundry Commercial. Family apartments in Popham Beach have plenty of room for everyone. “We’ve been looking for land for a while to do additional product.”Ĭavache Properties purchased about 5 acres of parcels of land from the Christ Church United Methodist campus in Pompano Beach for about $8.4 million, which Adache says hasn’t been operational for years.Īs Pompano Beach booms with change, it’s paying off with rising values “We have been in the area for a while building another project across the street,” said Adam Adache, managing partner of Cavache Properties, based in Pompano Beach. The complex will feature a fitness center, yoga deck, a swimming pool, spa, a clubhouse and residential lounge, among other amenities for residents. Expected to be called Old Town Towers, plans for the project include 319 residential units in a 10-story building and a six-story building connected by two pedestrian bridges. South Florida-based developer Cavache Properties plans to build a two-building apartment complex with about 3,400 square feet of commercial and retail space in Pompano’s Downtown Innovation District in the Old Town Arts and Entertainment Corridor. A vacant church is being slated for redevelopment into a mixed-use apartment complex in downtown Pompano Beach amidst the city’s revitalization efforts.
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