The latest Villas on 5th community is the talk of the town in the Boca Raton real estate market. It is a townhome development that has just been approved after a rezoning decision by the Boca Raton city council and promises to turn an 8-acre parcel into a thriving neighborhood. Let's go in-depth with the details of this exciting development.
Overview of the Villas on 5th Project
Location of the Development
Villas on 5th will be located at 2600 NW 5th Avenue, Boca Raton, FL. This prime location is very accessible to downtown, near to 'A'-rated schools, and a plethora of shopping centers. The placement of the development along NW 5th Avenue creates convenience for those who are possibly interested in renting any of the townhomes being constructed.
Project Details: Size, Units, and Features
The development will entail 120 townhome-style apartments within the confines of 22 three-story buildings. Each unit will have three bedrooms that range in size from 2,013 to 2,139 square feet. The community amenities include a 5,364-square-foot clubhouse. Integra Investments, the designer, has proposed modern designs into functional living with this project.
Approvals and Rezoning
From Residential Low to Residential Medium High Zoning
The zone ordinance on the property has been changed from Residential Low to Residential Medium High. The modification supports higher-density housing in keeping with Boca Raton's growth plans.
Response/ Concerns Over Density and Traffic
Due to several concerns by residents, city officials and developers in the planning stages of the Villas on 5th, made key considerations: for example, garages will still be used for parking only. Pedestrian access points and shared walkways have been included for added safety and ease of mobility.
Villas on 5th Community Features
Modern Designs Of The Townhomes and Amenities
Each villa in Villas on 5th has been innovatively designed, keeping in mind the latest modern ways of living. The units boast spacious layouts, three bedrooms, and high-end finishes. The community perks include a modern clubhouse, refreshing pool, and landscaped green spaces.
Infrastructure Improvements: Driveways, Sidewalks, and Utilities
The infrastructure upgrades include those that make it more attractive to the neighborhood: A new full-access driveway along NW 5th Avenue and multiple pedestrian walkways increase access. Utilities, wherever possible, will go underground, adding to both the community's polished look and its reliability.
Impact on Boca Raton Real Estate Market
Meeting Demand for Housing in Boca Raton
Housing demand in Boca Raton is increasing, and one of the developments coming up to meet such demand is Villas on 5th. This new development will be ideal for persons looking for large homes at an ideal location.
Pros of Medium-Density Development
Projects like this fill in the gap between single-family homes and high-rise apartments with a medium-density filling. Townhome-style units are perfect for the modern buyer, as they offer a mix between community living and personal space.
Community Reactions and Future Steps
Community Reaction to the Development
Whereas earlier, some residents had come out to oppose the project, many now see the potential it holds for the area. Collaboration by the developer with city officials on infrastructure improvements has eased concerns and built more community support and acceptance.
Next Phases: Landscaping and Construction Plans
The landscaping plan will undergo final approval before actual construction can begin; this will involve adding vegetation and beautifying NW 5th Avenue. The construction will be done in phases, with the public informed of all updates.
Why Work with the Best Realtor in Boca Raton
How The Mastropieri Group Can Help
The Boca Raton real estate market is very aggressive and continuously changing. You want people who know the nook and cranny. The Mastropieri Group, Realtors is here to take you through the processes of buying, selling, or investing. Our team shares local knowledge and bespoke counsel on all your needs related to real estate.
Contact The Mastropieri Group, Realtors
To learn more about Villas on 5th or any other hot project in Boca Raton, please contact The Mastropieri Group, Realtors at (561) 544-7000. Their knowledge and professionalism ensure they are the go-to team for South Florida real estate.
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