SOUTH FLORIDA NEWS - Boca Raton Real Estate

Riviera Beach board advances $500 million mixed development project

Posted by Larry Mastropieri on September 25th, 2024

The Riviera Beach Community Redevelopment Agency (CRA) has advanced the $500 million Oculina project, a towering 25-story mixed-use development, after a unanimous board vote to send it to City Council for approval. Since CRA members are on the City Council as well, Oculina’s likely to receive the green light to start construction. The project will replace an abandoned grocery store with 399 residential units, 9,680 square feet of retail space, 17,120 square feet of restaurant space, and 11,000 square feet of office space.

"This project will establish a new, high-quality development standard in the Broadway corridor," said Scott Evans, Director of Planning and Development for the CRA. Oculina is strategically located in an area city officials have…

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Boca Village: 13th Floor Investments New 340-Unit Residential Development in Boca Raton

Posted by Larry Mastropieri on December 17th, 2023

A new chapter in Boca Raton's development story is being written with the proposal of Boca Village, a 340-unit residential project by 13th Floor Investments. Planned for the vacant 17.24-acre site at 680 W. Yamato Road, this ambitious project aims to breathe new life into the area.

Envisioned as an eight-story building, Boca Village is set to encompass 414,566 square feet of fresh construction. The development promises a range of living options, with apartment sizes varying from cozy 500-square-foot studios to spacious 1,488-square-foot three-bedroom units. Each apartment is designed to feature modern appliances and a host of amenities to cater to contemporary lifestyles.

According to the South Florida Business Journal, the complex is expected to…

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Boca Raton's Corporate Magnet: Mutual of America's Bold Expansion in the Park at Broken Sound

Posted by Larry Mastropieri on December 14th, 2023

Boca Raton is on the verge of a significant transformation in its corporate landscape, led by Mutual of America's ambitious expansion plans in the Park at Broken Sound. The New York-based life insurance giant, already established in the park with a regional office, is gearing up to dramatically upscale its presence.

The company's vision involves demolishing its current office and replacing it with a much larger facility, nearly tripling its existing space. This expansion is not just about square footage; it's a strategic move to relocate an additional 200 employees from its Manhattan base to Boca Raton, effectively doubling the local workforce to 400. This shift represents about one-third of Mutual of America's total employees.

The Park at Broken Sound,…

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