An affiliate of Siemens Group paid $13.5 million to acquire the site of the Akoya condominium project at the Boca West Country Club.

BW-PC LLC, an affiliate of the country club, sold the 6.8-acre site along Boca West Drive to BW-INV LLC, an affiliate of Boca Raton-based Siemens Group led by veteran developer Richard Siemens. The site last traded for $2.35 million in 2007, when Walt Disney World sold it to the club.

Akoya features 140 units with reduced prices now ranging from the $800,000s to over $2 million.  Original pricing started at $1.2 million for decorator-ready units, meaning no finishes, flooring, or fixtures.  Akoya condos will now be delivered with luxury appointments and features including gourmet kitchens with Wolf and Sub-Zero…

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New Construction Homes by GL Homes

Known as one of America’s best home builders, GL Homes has been atop the residential new construction industry since it was first established in 1976. Recently however, GL Homes has been at the top of their game with the highly successful Canyon communities and the Valencia active adult communities.  GL Homes currently has operations in four Florida counties including Palm Beach, Collier, Lee and Hillsborough, although there may be no better showcase of GL Homes' fantastic developments than right here in Palm Beach County, Florida. As the second largest county in the state, as well as the wealthiest as of 2004, it seems to make sense why GL Homes and various other home builders have such a strong presence here, and given its desirable waterfront…

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Luxury Lakefront Estate Home in the Equestrian Club of Wellington

12533 Equine Lane, Wellington, FL 33414 Absolutely stunning two-story lakefront estate home. Boasting over 4,100SF of living space, Situated on a premium waterfront lot (15,000SF) offering the best wide lake views and ultimate privacy. Beautiful 24-inch porcelain tile floors throughout with Crema Marfil marble staircase. Chef's kitchen features stainless steel appliances including a commercial grade Thermador six-burner gas range, Maytag double wall ovens, granite countertops, wood cabinetry with pull-outs, walk-in pantry, and even a 500-bottle wine room! Impressive wrought iron and wood railings. Soaring 21-foot ceilings and two-story window in the formal living room provides the perfect amount of natural light. First…

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Upping the ante on Mizner Trail

In November, there was news of a proposed settlement of the lawsuit resulting from Palm Beach County’s approval last June of development on the old Mizner Trail Golf Course. I can report that in December there was a second offer.

The main plaintiff in the lawsuit, which argues that the county’s approval is illegal, is the Boca Del Mar Improvement Association. It’s the umbrella group for all the homeowner associations in Boca Del Mar, between Camino Real and Southwest 18th Street west of Military Trail. Mizner Trail is one of two golf courses in Boca Del Mar, which was developed 40 years ago. The other plaintiffs are a small number of residents.

The first offer was $250,000 to the improvement association. The…

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The Downtown Boca Raton new construction craze continues with the latest project being Tower One Fifty Five. This condominium building, by Compson Associates Inc., is a twelve story building to be located on a 1.2 acre site on the 100 block of East Boca Raton Road.  These 1, 2, and 3 bedroom condos will vary in size from 743 to 2,475 square feet, and are predicted to be moderately to luxury priced between $450,000 and $2,000,000, averaging at around 500 per square foot.  There will be four (4) duplex-style 2-story penthouse units with soaring ceilings and expansive terraces offering views of the Atlantic Ocean, Downtown Boca, and the Boca Resort & Club golf course.  In addition, several townhomes will line the exterior on the south side of the building,…

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