The University Village mixed-use development in Boca Raton is back in the spotlight, as developers recently revealed revised plans for this large-scale project. Originally approved in 2015, the 77-acre site at 555 N.W. Spanish River Blvd. had remained dormant, but new developments indicate a renewed push to make this ambitious project a reality. The updated vision for University Village includes residential units, retail spaces, office facilities, and community-focused amenities, making it a significant addition to the Boca Raton real estate market.
What’s New in the Plan?
The new plan for University Village is a departure from the original concept, presenting a more comprehensive approach to mixed-use development. Key elements of the revised project include:
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710 Residential Units: These units will offer a blend of apartments, townhouses, single-family homes, and senior housing, making University Village an inclusive community suitable for a variety of residents.
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Commercial and Retail Space: The project includes 150,000 square feet of retail and restaurant space, enhancing the property’s appeal by providing lifestyle amenities and shopping options.
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Office Space and Hotel: The development plans also feature a 68,276-square-foot office building and a 185-room hotel, which will add commercial vibrancy and cater to both local businesses and visitors to Boca Raton.
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Parking and Amenities: With 2,989 parking spaces and landscaped public areas, University Village will offer ample parking for residents and visitors while creating spaces for community gatherings and events.
Apartments Proposed for Miami’s Waterford District
In Miami’s Waterford District, plans for a multifamily development near the Pullman Miami Airport Hotel reveal a vision for high-density housing close to key commercial hubs. Proposed by the property’s owner, LR Miami Airport Hotel LLC, the project would introduce 600 apartments across two eight-story buildings. Located at 5800 Waterford District Drive, the development would feature three parking garages with 1,344 spaces and 6,000 square feet of retail, aimed at providing both convenience and lifestyle amenities for residents. Planned community features include two pools and two clubhouses, underscoring the project’s focus on luxury and social engagement.
Expansion at Doral Center with New Multifamily Residences
Doral Center may soon expand to include new apartment buildings as part of an updated master plan. Currently home to 295,134 square feet of office space, the Doral Center site at 8750 N.W. 36th St. is set to add 330 new apartments within two residential buildings. This plan will introduce high-quality housing options near Doral’s central business district, supporting the city’s growth as a multifaceted urban area with a mix of office, retail, and residential spaces.
Parkland Tower: New 18-Story Condominium Tower Planned in West Palm Beach
The Parkland Cos. have put forward a plan for an 18-story luxury condominium tower near Currie Park in West Palm Beach. Known as Parkland Tower, this development will provide 80 condo units on a compact 0.17-acre site at 2015 Broward Ave. The building is designed to cater to high-end buyers, with plans for an extensive amenity deck that includes a pool, salon, coworking space, gym, entertainment room, and visitor suite. In addition to 102 parking spaces, Parkland Tower is set to become a desirable address in West Palm Beach real estate.
WMODA and Affordable Housing Project Proposed for Lake Worth Beach
The Wiener Museum of Decorative Arts (WMODA) is collaborating with Sunshine Lake Worth Development on a unique mixed-use project in Lake Worth Beach. The plan seeks to develop a 33,000-square-foot, four-story WMODA museum alongside 110 affordable apartments. Targeting individuals and families with moderate incomes, the proposal includes eight live/work lofts with income restrictions of up to 120% of the area median income. Located on a 1.7-acre site along Lake Avenue, the project aims to enhance community engagement with cultural offerings while supporting the city’s need for affordable housing.
Record-Breaking Office Tower Sale in Brickell
In a high-profile transaction, the office building at 701 Brickell Ave. in Miami’s Brickell corridor sold for $443 million—making it the second-highest price ever paid for an office building in Florida. Originally built in 1986 and recently updated with $30 million in renovations, the 33-story, 685,279-square-foot property is now positioned as a premium workspace destination with a range of modern amenities, including a fitness center, conference facility, restaurant, and electric car charging stations. At 90.2% occupancy, the building boasts an impressive rent roll of national and global tenants, affirming Brickell’s appeal as a prime commercial real estate location.
Why South Florida’s Real Estate Market Continues to Thrive
South Florida’s robust real estate market is evident in the variety and scale of recent projects. The region’s appeal lies in its strong economy, steady population growth, and unique mix of commercial and residential opportunities. From luxury condos in West Palm Beach to affordable housing projects in Lake Worth Beach, the breadth of developments reflects the area’s ability to cater to diverse demographics and investment interests.
These projects highlight South Florida’s role as an ideal location for real estate investing, offering opportunities across residential, commercial, and mixed-use sectors.
Explore South Florida Real Estate Opportunities
If you’re interested in luxury living, investment opportunities, or any other real estate venture in South Florida, The Mastropieri Group can guide you through the market. Whether you’re looking to invest in Boca Raton, West Palm Beach, or beyond, contact The Mastropieri Group at (561) 544-7000 for personalized expertise and insights tailored to your needs.
Homes for Sale in Boca Raton
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