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The city’s largest office park and a landmark for tech innovation, is set for a transformative expansion. The Boca Raton Innovation Campus (BRIC), plans are now in motion to develop a mixed-use community that includes residential buildings, retail centers, wellness amenities, and entertainment venues. This redevelopment aims to breathe new life into the 123-acre campus while maintaining its legacy as the birthplace of IBM’s personal computer.
A Look Inside the Boca Raton Innovation Campus
Located at 5000 T-Rex Avenue, the Boca Raton Innovation Campus currently offers 1.7 million square feet of office space. It was originally constructed in the 1960s by IBM as a research hub. Today, it’s owned by CP Group in partnership with Rialto Capital, DRA Advisors, and Las Olas Capital Advisors. Miami-based Terra Group has joined the project to lead the development of its new multifamily and retail components.
What the Future Holds for BRIC?
Following a zoning change approved by the City Council in 2023, the project was granted rights to build up to 1,243 residential units, 125,000 square feet of retail space, a 55,000-square-foot entertainment venue, 85,000 square feet of medical offices, and a 140-room hotel. These updates reflect a larger trend toward mixed-use development in Boca Raton.
The developers filed detailed site plans, including two multifamily buildings and two retail projects. The new residential spaces on the east side of BRIC will include:
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A luxury 8-story condominium with 320 units, a wellness club, pool deck, and 580 parking spaces
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An adjacent 8-story apartment building with 380 market-rate units, a courtyard pool, and 565 parking spots
Retail and Community Amenities
At the main entrance on T-Rex Avenue from Yamato Road, BRIC will introduce a walkable retail village featuring:
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76,000 square feet of retail on the west side, including a 13,200-square-foot grocery store
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48,000 square feet of retail on the east side across six buildings
In addition, a 55,000-square-foot indoor entertainment facility and a 140-room hotel will cater to both residents and visitors. These amenities align with the campus’s goal to become a vibrant, self-contained community.
Repurposing BRIC’s Office Space
CP Group is also transforming nearly 200,000 square feet of BRIC’s office space into alternative uses, including:
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A 7-court indoor pickleball facility with a pro shop and viewing area
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Educational facilities for up to 107 students
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A daycare center, health and wellness spaces, expanded restaurant options, a museum, and a conference center
This new mix supports BRIC’s mission to evolve into a hub that blends work, wellness, culture, and convenience.
Why This Matters for Boca Raton Real Estate
The Boca Raton Innovation Campus project is more than just a redevelopment, it’s a game-changer for Boca Raton real estate. The influx of new housing, retail, and entertainment options will boost property values and attract new residents and businesses. As one of the largest projects in the region, BRIC is shaping the future of real estate development in Boca Raton.
Other nearby projects like the Office Depot HQ redevelopment and Boca Village are also contributing to this growth. With the Boca Raton Innovation Campus leading the way, the city is quickly becoming a magnet for innovation, lifestyle upgrades, and long-term investment opportunities.
Strategic Location for a Modern Lifestyle
One of BRIC’s biggest advantages is its location near public transit. The campus is just half a mile from the Boca Raton Tri-Rail Station and close to the new Brightline station, offering residents easy access to regional transportation. The development plans include shuttles to these hubs, making it a model transit-oriented community.
Frequently Asked Questions About BRIC
Is the Boca Raton Innovation Campus open to the public?
Parts of BRIC are accessible to the public, especially the retail and entertainment areas once completed.
Will there be affordable housing at BRIC?
The project currently focuses on luxury and market-rate units, but future phases could include more housing diversity.
How close is BRIC to transportation hubs?
It’s within walking distance of the Tri-Rail station and minutes from the Brightline station.
What types of retail will be available?
From grocery stores to dining and boutique shops, BRIC will offer a wide range of retail experiences.
Who can use the indoor pickleball courts?
The courts will be operated by Titanedge and available by appointment.
Partner with Boca Raton’s Trusted Real Estate Experts
The Boca Raton Innovation Campus is setting the standard for mixed-use development in South Florida. With luxury residences, retail centers, recreational facilities, and wellness options, BRIC is redefining how communities live, work, and connect.
Looking to buy or invest near the Boca Raton Innovation Campus? Contact The Mastropieri Group Realtors® at (561) 544-7000. As top real estate agents in Boca Raton, we specialize in helping buyers, sellers, and investors navigate this exciting and fast-growing market.
Posted by Larry Mastropieri on
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