The Ritz-Carlton Residences

Building facts

Address

1380 S. Ocean Blvd.

Neighborhood

Pompano Beach

Year built

2025

Floors

31

Residences

206

Status

Completed

Developer

Fortune International Group

Architect

Revuelta Architecture

Pricing

Starting at $795,000

✓Verified 4 August 2026Pompano Beach Boom: 14 Major Real Estate Projects Underway, Miami Pre-Construction Delivery Tracker6 sources

Sources

1 / 1

The Ritz-Carlton Residences — photography to follow

The Ritz-Carlton Residences, Pompano Beach is effectively sold out. Two towers — a 32-storey Beach Tower and a 14-storey Marina Tower — holding 205 residences at 1380 South Ocean Boulevard, developed by Fortune International Group and Oak Capital. As of June 2026 only three units remained.

Construction is complete on the exterior, the cranes are down, and delivery is targeted for September 2026. That is one year later than the 2025 promised at launch — and Fortune’s own project page was still publishing 2025 as of August 2026, a year after that date passed.

By Josh Stein — Miami real estate sales associate, Florida license SL3057661. Selling Miami luxury property since 2002, with more than $1 billion closed.

What is actually being built at The Ritz-Carlton Residences?

Two towers on a single oceanfront-to-Intracoastal site: the 32-storey Beach Tower with 117 residences, and the 14-storey Marina Tower with 88 — 205 residences in total. Moss Construction is reported as general contractor, though I could not confirm that in a primary source.

The developers are Fortune International Group, led by Edgardo Defortuna, and Oak Capital, led by Ricardo Dunin. Fortune acquired the already-approved dual-tower site from Lionheart Capital in 2020 for $27.5 million — buying entitlements rather than creating them, which is part of why this project moved faster than most.

Where Construction Stands

Sales launched in December 2021. PROFILEmiami reported the groundbreaking in September 2022, while The Real Deal’s December 2023 loan coverage describes construction as having started that year. The sources conflict and I have not reconciled them — ask the developer for the notice-to-proceed date. In December 2023 the developers closed a $259 million construction loan from Bank OZK, with more than 90 percent of the building already presold — a genuinely strong position that most towers never reach.

By late September 2025, exterior glass, handrails, stucco and first-coat paint were complete and the tower cranes had been dismantled. As of June 2026, The Real Deal reported the project nearly sold out with only three units remaining and completion targeted for September 2026.

No certificate of occupancy or closings announcement has been located in any source as of this writing.

The Slip, and the Stale Date

One documented slip: 2025 to 2026, first appearing in the December 2023 construction-loan coverage. Groundbreaking itself slipped too — at the December 2021 launch the developers said they “could break ground by the end of next year,” and PROFILEmiami reported the groundbreaking in September 2022, inside that window — though The Real Deal’s December 2023 coverage describes construction as having started in 2023. The sources conflict.

One slip on a 205-unit two-tower project is a good result. On the Miami Pre-Construction Delivery Tracker, 22 of 38 towers have slipped and the total is 33 slips — this project is squarely in the better half.

The stale date is worth flagging, though. Fortune International Group’s own project page still listed 2025 as the completion year when I checked it on 4 August 2026 — roughly a year after that date passed and eight months after the trade press had moved to 2026. It is a housekeeping failure rather than a substantive one, but it is exactly the kind of thing a buyer relies on. Work from the current sales contract, not the website.

What to Watch Before You Sign

• There is almost nothing left. Three units as of June 2026. At this stage you are competing for remaining inventory or waiting for the first resales, and neither gives you much negotiating room.
• Delivery is imminent, which changes your diligence. Ask for the projected association budget, the reserve study and the insurance placement — oceanfront Florida carries real numbers on all three, and they are knowable now in a way they were not in 2021.
• Confirm the completion date against the contract, not the developer’s website, which is a year out of date.
• The Ritz-Carlton relationship is a brand licence. Term, fee structure and termination provisions have not been published. Ask what sits inside the association budget.

Pompano Beach Around It

Pompano Beach sits between Fort Lauderdale and Boca Raton, and it is in the middle of a genuine building cycle — The Real Deal counted fourteen major real-estate projects underway there in June 2026. What it offers against Miami Beach is straightforward: real oceanfront at materially lower cost per foot, an Intracoastal frontage on the same parcel, and a lower-density street pattern.

What it does not offer is Miami’s service density, its restaurant scene or its transit. That trade is the whole decision. Buyers who want the Ritz-Carlton service model on the water without Miami Beach pricing are the exact audience for this building, and the near-sellout suggests the market agreed.

The Ritz-Carlton Residences, Pompano Beach — Frequently Asked Questions

Where is The Ritz-Carlton Residences, Pompano Beach?

1380 South Ocean Boulevard, Pompano Beach, FL 33062 — a site running from the ocean to the Intracoastal, holding two towers.

How many residences are there and are any left?

205 across two towers — 117 in the 32-storey Beach Tower and 88 in the 14-storey Marina Tower. As of June 2026 only three units remained unsold. The project was already more than 90 percent presold when its construction loan closed in December 2023.

When will it be completed?

September 2026, per The Real Deal in June 2026. The original promise at the December 2021 launch was 2025 — one documented slip. Note that Fortune International Group’s own project page still listed 2025 as of 4 August 2026; work from your contract, not the website.

Is construction finished?

Structurally, effectively yes. By late September 2025 exterior glass, handrails, stucco and first-coat paint were complete and the tower cranes had been dismantled. No certificate of occupancy or closings announcement has been located.

Who is developing it?

Fortune International Group (Edgardo Defortuna) and Oak Capital (Ricardo Dunin), with Moss Construction reported as general contractor, unconfirmed in the primary sources located. Fortune bought the already-approved site from Lionheart Capital in 2020 for $27.5 million. Ritz-Carlton is a brand licensor, not a developer or owner.

How does Pompano Beach compare with Miami Beach for this kind of purchase?

Materially lower cost per foot for genuine oceanfront, Intracoastal frontage on the same parcel, and lower density. Against that you give up Miami’s service density, restaurant scene and transit. The Real Deal counted fourteen major projects underway in Pompano Beach as of June 2026, so the submarket is actively building out.

Sources and further reading

• Defortuna, Dunin launch Ritz-Carlton Residences in Pompano Beach — The Real Deal13 December 2021: the sales launch and the original 2025 completion expectation.
• Fortune, Oak Capital’s Pompano Ritz-Carlton condos nab loan — The Real Deal26 December 2023: the $259M Bank OZK construction loan, 90%+ presold, and the first published move to 2026.
• Pompano Beach Boom: 14 Major Real Estate Projects Underway — The Real Deal12 June 2026: the September 2026 completion target, three units remaining, and the wider Pompano pipeline.
• Fortune International Group and Oak Capital Break Ground On The Ritz-Carlton Residences, Pompano Beach — PROFILEmiami20 September 2022 groundbreaking coverage. Note that The Real Deal’s December 2023 loan report describes construction as having started that year, so the two sources conflict.
• The Ritz-Carlton Residences Pompano Beach reaches key construction milestones — Florida YIMBYOctober 2025: exterior complete, cranes dismantled.
• Miami Pre-Construction Delivery Tracker — Josh SteinOur dated record of what 38 South Florida towers promised at launch versus what they promise now.

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