The highly anticipated Ocean One project is set to transform the landscape of South Florida real estate. This new mixed-use redevelopment, developed by Hyperion Group LLC and Winter Properties, will bring a dynamic blend of residential, commercial, and retail spaces to Boynton Beach. With construction scheduled to begin in September 2025 and completion expected by 2029, Ocean One will become a key part of the Federal Highway corridor, offering luxury homes and a vibrant community experience in Boynton Beach.
Ocean One’s Strategic Location and Vision
Located just north of Ocean Avenue on the east side of Federal Highway, Ocean One occupies a prime spot in Boynton Beach, a city that is investing heavily in infrastructure and public spaces to create a walkable, lively downtown. Acquired for $12 million by the Hyperion Group in January 2022, this 3.5-acre site is poised to host a high-rise complex that will feature upscale rental apartments and approximately 40,000 square feet of commercial space. Designed to offer convenience and luxury, Ocean One will attract top realtors in Boynton Beach, a wide range of residents, and visitors seeking a mix of upscale living and vibrant retail experiences.
Luxury Living with Community Focus at Ocean One
The residential side of Ocean One is designed to offer luxury living without sacrificing accessibility. The 371 apartments will range from studios to two-bedroom units, designed for a variety of lifestyles. These units will feature modern finishes and efficient layouts, with sizes ranging from 551 to 1,209 square feet. The emphasis at Ocean One is not just on stylish living, but also on building a sense of community among residents.
Ocean One’s developers are also focused on creating inviting public spaces. The project will feature three pedestrian plazas with outdoor dining areas, benches, and a water feature, making it a lively and inviting space for both residents and visitors. A covered vehicle drop-off area will showcase a mural, adding an artistic touch to the development, while a striking sculpture will be positioned at the intersection of Federal Highway and Ocean Avenue. Additionally, Ocean One will collaborate with PBC Palm Tran to install a new transit shelter on-site, enhancing transportation options for the community.
Retail and Dining Hotspot at Ocean One
The commercial spaces at Ocean One will transform the development into a vibrant destination for shopping and dining. These spaces will house trendy restaurants, boutiques, and practical services, making it a hub for both residents and visitors. With a blend of lifestyle-oriented businesses and essential services, Ocean One will offer a unique mix of retail and dining options in the heart of Boynton Beach.
Whether you’re enjoying a meal at one of the new restaurants, shopping for the latest fashion, or simply strolling through the area, Ocean One aims to bring a new level of energy and excitement to Federal Highway. The inclusion of pedestrian-friendly plazas and convenient access to public transit underscores the development’s commitment to creating a connected and welcoming community.
Ocean One’s Community Impact and Public Amenities
Part of Ocean One’s appeal is its commitment to the local community. As part of the Tax Increment Revenue Funding Agreement (TIRFA) approved by the BBCRA, the developers have agreed to provide 90 public parking spaces and an additional 20 on-street public parking spaces. These parking spaces will help alleviate traffic congestion in the area and offer added convenience for residents and visitors. Additionally, the development will share 20% of the parking revenue with the BBCRA.
The community-focused nature of Ocean One ensures that it benefits not only those who live within the building but also the surrounding area. This commitment to infrastructure and public services, along with public art and transit enhancements, helps make Ocean One a key player in the continued growth of luxury real estate in Boynton Beach.
Investment Potential at Ocean One
With its luxury apartments, commercial spaces, and prime location, Ocean One offers strong potential for investors looking to capitalize on one of South Florida’s most rapidly developing areas. The combination of high-end living and a growing retail and dining scene makes Ocean One a sought-after destination for both residents and businesses. For those looking to invest in the Boca Raton real estate market or explore real estate opportunities in Boynton Beach, this development represents a valuable opportunity.
Whether you’re looking to invest in a luxury home or purchase property in this highly desirable neighborhood, Ocean One presents a prime opportunity to be part of Boynton Beach’s exciting transformation.
Contact The Mastropieri Group for Expert Real Estate Guidance
If you’re considering investing in Boca Raton real estate or exploring luxury homes in South Florida, The Mastropieri Group is here to help. Our team of top real estate agents in Boynton Beach and Realtors in Boca Raton offers expert advice and a personalized approach to help you navigate the dynamic real estate market.
Contact us at (561) 544-7000 for all your real estate needs, from exploring properties for sale to finding the best investment opportunities in South Florida. Let us help you find your perfect home in Boynton Beach or Boca Raton.
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