Grover Corlew, a South Florida-based real estate investment management group, unveiled a new portfolio of multifamily residences under the brand name of Mayla Residences. The company secured $78.2 million in financing from PNC Bank to pay for the construction of the first property under the Mayla Residences umbrella, Mayla Pompano, which will break ground in February at 2335 and 2401 E. Atlantic Blvd. in Pompano Beach.
Mayla Residences encompasses luxury multifamily residences in prime location Pompano locations that promote walkability. The contemporary homes are designed to maximize beauty and function with incredible interior features. Residents also will enjoy access to lifestyle-oriented amenities and ample parking.
“With Mayla Residences, we are dedicated to perfecting the multifamily living experience with refined luxuries, unanticipated conveniences and spaces with local personality and flare,” Anuj Grover says, a partner at Grover Corlew. “We have identified properties that are conveniently located and that meet the lifestyle needs of its discerning residents.”
Grover Corlew plans to build other Mayla Residences properties throughout South Florida that mirror the local communities’ personality while bringing residents a high quality of living.
“The goal is to create more connected, pedestrian-friendly communities, where people can live, work and play,” Grover says.
Mayla Pompano is a two-building, Class A 355-unit designed with superior craftsmanship and style featuring textured natural materials, unique dark and light wood tones mixed with serene blue hues. Open floorplans range from studio to three-bedroom layouts, ranging from 548 to 1383 square feet.
“We are extremely excited about Mayla Pompano,” Nguyen Tran says, Pompano Beach Community Redevelopment Agency Director (CRA). “The CRA was intimately involved to help get this project off the ground, which includes 53 units of workforce housing. Due to the lack of signature projects of this size in the immediate area, the spin-off impacts due to the spending of the residents will create an economic boost to the surrounding businesses, generate new developments, increase demand for more commercial space, and provide additional employment opportunities. This is what CRA’s are all about and why we got involved.”
Features within each residence will include spa-inspired bathrooms with soaking tubs, frameless shower enclosures, back-lit vanity mirrors, quartz countertops and high-end cabinetry with under cabinet lights. Other features include stainless steel appliances, bottom mount sinks, built-in microwaves, glass cooktops, full-height tile backsplashes in the kitchen, walk-in closets with high-end shelving, private balconies, hurricane impact windows and washer and dryer units in each residence.
Residents of Mayla Pompano will have exclusive access to a two-story clubroom; co-workspaces; a TV lounge; a 24/7state-of-the-art fitness Center and yoga-aerobics room; resort-style pools with cabanas; outdoor kitchens with seating at both buildings; a pedestrian bridge between buildings; a dog spa; bicycle storage and repair station; ample garage parking; storage cages; and internal mailrooms and package rooms.
“We are thrilled to build for Grover Corlew as they realize their vision of creating upscale multifamily residences in Pompano Beach,” Rex Kirby says, Chief Executive Officer and founder of Verdex Construction, the general contractor of the project. “Mayla Pompano will add a new layer of vibrancy to the city.”
The project aims to reinvigorate the nearly three acres of underutilized parking lots behind Grover Corlew’s 2401 Atlantic and 2335 Atlantic office buildings. Plans include 60,000 square feet of retail space on the ground floor of Mayla Pompano and a pedestrian plaza to activate the retail corridor, enhance walkability and increase connectivity to the beach. MSA Architects is the architect for Mayla Pompano, which is expected to be completed by July 2023.
“We’ve spent the past 25 years focused on transformations, and beginning early on, successfully acquired, revitalized and repositioned thousands of multifamily units in Nashville and Tampa before turning our attention to suburban office and retail revitalization and development,” Mark Corlew says, a Grover Corlew partner. “Ground-up multifamily development is a next logical step for us as we begin to reimagine underutilized properties and land in our current portfolio. We’re excited to bring high-quality living to cities like Pompano Beach that are attracting new businesses on a daily basis.”
