Glass House Boca just locked in $70 million in construction financing. The 10-story, 28-unit luxury condo on Palmetto Park Road broke ground in April 2025, and more than a third of units are already pre-sold.
Key Takeaways
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New York-based Maxim Capital Group provided the $70 million construction loan to the developers behind Glass House Boca Raton.
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The 10-story building will feature 28 residences priced from $2.7 million to $8 million, with units ranging from 2,504 to 3,865 square feet.
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Foundation work is nearing completion, with the project slated for delivery in Q2 2027.
The developers are Noam Ziv of Red-C Group in Boca Raton and father-and-son duo Ilan and Ido Zaken of Mira Properties in Philadelphia. They acquired the 0.63-acre site for $9.75 million in 2023. Arrow Real Estate Advisors brokered the financing deal.
The site sits less than a mile from both the beach and the Boca Raton Brightline station, two factors driving demand for walkable urban living in this market.
What makes Glass House different?
As Larry Mastropieri explained on the Discover South Florida Podcast, "There's not a lot of units to sell, frankly. There are 28 units in the building. It's kind of a small boutique building, very, very nice looking. This is going to be really cool for downtown Boca. It's different. It's aesthetically very pleasing. This thing is going to get done, from my perspective. And what's cool about this project, too, is the rooftop amenity deck."
Here's what the building will include:
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Ten stories, 28 residences with 9-foot ceilings, floor-to-ceiling impact glass, and private terraces on every unit.
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Rooftop amenity deck with pool, jacuzzi, private cabanas, fire pits, and outdoor catering kitchen.
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Ground-floor amenities include The Palmetto Lounge (residents-only), a fitness center with outdoor turf lanes, a steam room, a sauna, and an experience shower.
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Underground parking with two spaces per unit and EV charging. Concierge services included.
Delray Beach-based Kaufman Lynn Construction is the general contractor. West Palm Beach-based Garcia Stromberg designed the building. Douglas Elliman leads sales.
Interested in downtown Boca Raton's new construction? Understanding what's coming to market helps you time your purchase. Talk to a real estate agent in Boca Raton who tracks these projects. Reach out to The Mastropieri Group or call (561) 544-7000.
Why is downtown Boca Raton heating up?
Glass House is not an isolated project. Downtown Boca Raton is seeing a genuine development cycle.
Other projects in the pipeline include:
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Aletto: As we covered in Aletto's $74 million loan, this office-restaurant development is bringing Class A space to Sanborn Square.
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Mizner Plaza Hotel: As we covered in the Batmasians' approval, a new hotel is coming to downtown.
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Mr. C-branded condo: A luxury hospitality brand entering the Boca market.
The most significant pending project was One Boca, a $4 billion mixed-use redevelopment of city-owned land. But as we covered in One Boca's rejection by voters, that project is now off the table. The 7.8-acre city-owned parcel near Brightline will not be developed in the near term.
That makes private projects like Glass House even more significant for the downtown corridor's transformation.
What does this mean for Boca Raton buyers?
More than one-third of Glass House units are presold before vertical construction begins. That's a strong market signal for a project at this price point.
For buyers considering Boca Raton, the window to enter before these projects deliver and reshape the downtown baseline is narrowing. The pre-sale momentum suggests demand at this price point is real.
The Brightline proximity is a recurring theme in South Florida luxury development right now. Walkability and transit access are no longer just urban amenities. They are pricing drivers.
With One Boca rejected, the private development pipeline becomes the primary force shaping downtown's future. Glass House, Aletto, and Mizner Plaza Hotel will define what downtown Boca Raton looks like in 2027.
Frequently Asked Questions About Glass House Boca Raton
How much is the Glass House Boca Raton construction loan?
New York-based Maxim Capital Group provided a $70 million construction loan. The financing refinances early work already completed and will carry the project through vertical construction and completion in Q2 2027.
How many units will Glass House Boca Raton have?
Glass House will have 28 residences across 10 stories. Units range from 2,504 to 3,865 square feet with 2-4 bedrooms. Prices range from $2.7 million to over $8 million.
When will Glass House Boca Raton be completed?
The project broke ground in April 2025. Foundation work is nearing completion as of early 2026. The project is slated for completion in Q2 2027.
Who is developing Glass House Boca Raton?
The developers are Noam Ziv of Red-C Group in Boca Raton and Ilan and Ido Zaken of Mira Properties in Philadelphia. Kaufman Lynn Construction is the general contractor, and Garcia Stromberg is the architect.
What amenities will Glass House Boca Raton have?
The building will feature a rooftop amenity deck with pool, jacuzzi, cabanas, fire pits, and catering kitchen. Ground-floor amenities include a fitness center, steam room, sauna, experience shower, and The Palmetto Lounge. Underground parking includes two spaces per unit with EV charging.
Local help for buyers and sellers in Boca Raton
Buying, selling, or investing in Boca Raton, Delray Beach, or Highland Beach? Understanding how new construction shapes property values matters. Reach out to The Mastropieri Group, Realtors®.
For help across Palm Beach County, call (561) 544-7000.
Posted by Larry Mastropieri
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