Big changes are coming to Downtown Boca Raton. After months of anticipation, the Batmasians, longtime local investors, have received city approval for their newest venture: the Mizner Plaza Hotel in Downtown Boca. This mixed-use development, set near Mizner Park, marks another step in Boca’s urban transformation. But what exactly is being built, and how will it shape the city’s future?
Let’s break down the key features, local response, and what this means for anyone living, working, or investing in Boca Raton real estate.
What Is the Mizner Plaza Hotel in Downtown Boca?
The Mizner Plaza Hotel in Downtown Boca will rise at 132 and 170 N.E. Second Street, just east of Federal Highway and within walking distance of Mizner Park. The site currently includes a Post Office building and a surface parking lot.
According to plans submitted to the city:
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125 guest rooms
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Rooftop pool deck and fitness center
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7,160+ square feet of retail and restaurant space
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Underground valet parking for guests and visitors
Who Are the Batmasians?
James and Marta Batmasian are two of the most prominent names in Boca Raton's real estate scene. They founded Investments Limited in 1970, growing it into one of the largest privately held real estate companies in South Florida. Headquartered in Boca Raton, the company’s portfolio now includes more than 200 residential, commercial, office, and mixed-use properties across Palm Beach and Broward counties.
The Batmasians are credited with transforming large parts of East Boca Raton, especially in the downtown district. They own significant assets in and around Royal Palm Place, Palmetto Park Road, and Federal Highway. Their influence has played a major role in shaping the pedestrian-friendly, mixed-use character that defines modern Downtown Boca.
Construction on the Mizner Plaza Hotel in Downtown Boca is expected to begin in early 2026 with estimated completion in 2027.
City Approval and Planning Board Vote for Mizner Plaza Hotel in Downtown Boca Raton
On August 22, 2025, the City of Boca Raton Planning and Zoning Board voted unanimously to approve the Mizner Plaza Hotel in Downtown Boca. Board members cited the hotel’s alignment with long-term urban development plans.
Reactions were mixed:
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Supporters welcome more tourism and retail opportunities.
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Some locals expressed concern over traffic and density.
The Mizner Plaza Hotel in Downtown Boca supports the city’s vision for a walkable, mixed-use downtown. It adds lodging for business travelers and tourists while boosting the local economy.
Key Features of the Mizner Plaza Hotel in Downtown Boca
Hotel Design, Amenities, and Parking
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125 guest rooms
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Rooftop pool deck with city views
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Underground valet-only parking for efficiency and aesthetics
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On-site fitness center
Ground-Level Retail and Dining
The Mizner Plaza Hotel in Downtown Boca will include more than 7,000 square feet of commercial space for restaurants and shops, adding energy and walkability to the area.
Walkability and Connectivity
The hotel is steps from:
Economic Impact of the Mizner Plaza Hotel in Downtown Boca
Boost to Local Economy
The Mizner Plaza Hotel in Downtown Boca is projected to bring a wave of economic benefits:
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New construction jobs during the build phase
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Dozens of permanent hotel and retail jobs
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Increased tax revenue from hospitality and retail sales
Enhanced Tourism and Hospitality Sector
Located near major attractions and cultural venues, this new hotel will attract visitors attending concerts, weddings, business events, and seasonal getaways.
Business Spillover Effect
Local businesses near Mizner Park—such as cafes, boutiques, and art galleries—will benefit from increased foot traffic, extended stays, and larger customer bases.
How the Mizner Plaza Hotel in Downtown Boca Compares to Other Local Hotels?
Compared to properties like Hyatt Place Boca Raton or The Boca Raton Resort, the Mizner Plaza Hotel in Downtown Boca offers:
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A boutique, mixed-use format
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Central walkability
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Rooftop amenities not commonly found in similar-sized hotels
With proximity to Brightline and top downtown attractions, the hotel will appeal to business travelers, couples, and high-end leisure tourists looking for convenience without compromising comfort.
Impact on Downtown Boca Raton Real Estate Market
The introduction of a high-end hotel like the Mizner Plaza Hotel in Downtown Boca is likely to elevate nearby residential property values, increase commercial leasing rates, and attract greater interest from outside investors.
With an anticipated increase in visitors to downtown Boca, investors may experience higher demand for short-term rentals, while businesses are likely to benefit from increased foot traffic.
Frequently Asked Questions about Mizner Plaza Hotel in Downtown Boca
Where is the Mizner Plaza Hotel in Downtown Boca being built?
Mizner Plaza Hotel is being constructed at 132 and 170 N.E. Second Street, near Mizner Park in Downtown Boca Raton.
When will the Mizner Plaza Hotel in Downtown Boca open?
The Mizner Plaza Hotel is expected to break ground in 2026 and open in 2027.
Who owns the Mizner Plaza Hotel in Downtown Boca?
The Mizner Plaza Hotel is being developed by James and Marta Batmasian through their company, Investments Limited.
Will the Mizner Plaza Hotel in Downtown Boca impact local real estate values?
Yes, Mizner Plaza Hotel is expected to increase nearby property values and boost retail demand.
Is the Mizner Plaza Hotel in Downtown Boca near other attractions or transit options?
Yes, Mizner Plaza Hotel is close to various top destinations in Boca Raton including Mizner Park, Sanborn Square, the library, and Brightline.
What This Means for Boca Raton’s Future?
The approval of the Mizner Plaza Hotel in Downtown Boca signals continued investment in the city’s urban core. The project blends hospitality, retail, and residential energy—all within walking distance of key attractions. It also aligns with city goals for growth, sustainability, and lifestyle appeal.
Whether you're looking to invest near Mizner Park, buy a condo, or explore retail options downtown, the local experts at The Mastropieri Group, Realtors® are ready to help. Call us today at (561) 544-7000 for advice you can trust.