South Florida Real Estate News - Downtown Real Estate

Condos proposed for downtown Delray SofA District

Upscale condos could be headed to Delray Beach's up-and-coming SOFA district — if the city bends some of its downtown development rules. On Tuesday, commissioners will consider approving plans for a 48-unit condo called The Metropolitan, which would include shops, office space and a public plaza. The 5-story building would be built on the northeast corner of Southeast Third Avenue and Southeast First Street in an area marketed by the nickname SOFA, for its location south of the city's bustling Atlantic Avenue. City officials are branding SOFA as the city's newest urban neighborhood. The Metropolitan would join several other developments aimed at attracting young professionals who want to live just off Atlantic and close to the beach.

"I am excited…

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Tower 155 Luxury Condominiums in Downtown Boca Raton

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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327 Condominiums in Boca Raton Open For Sales

Sales began today at the opening of the sales center for 327 Royal Palm, the latest addition to Boca Raton's luxury residential market, featuring exquisitely appointed residences that combine contemporary architecture, amenities and location to suit a vibrant lifestyle. The project and sales center are located at 327 East Royal Palm Road, Boca Raton, FL 33432.

Located within walking distance to Boca Raton's best restaurants, shopping and beaches, 327 Royal Palm will feature expansive 3-bedroom plus den residences ranging from 3,177 to 3,500 square feet, designer Italian kitchens with premium Sub-Zero and Wolf appliances, and an access-controlled private elevator entry into each apartment.

Group P6, the project's real estate developer, hired renowned…

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New proposal would add to Boca Raton's downtown skyline

A downtown Boca Raton residential complex that languished for 10 years in the planning stages has been revived -- now with bigger proportions.

Royal Palm Place was approved in 2003 as a 149-unit, downtown apartment complex, part of the mixed-use development on Federal Highway. It received several extensions on its approval until time ran out in March.

But now, one of Boca's biggest landowners, Investments Limited, is bringing Royal Palm Place back to life. And now it's 200 units, instead of 149, and 13 stories high, instead of 10. It will also reach at least 40 feet higher the city's official 100-foot limit.

"The Royal Palm proposal is a sign of the times as there is robust demand for downtown units," said Glenn Gromann, chairman of the Downtown…

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Delray Beach's Old Library Will Be An iPic Theater

Redevelopment of Downtown Core Business District – Fourth & Fifth Avenues Site (formerly known as the Old Library Site)

Location: South of E. Atlantic Avenue, between SE 4th and 5th Avenues
Developer: Delray Beach Holdings, Inc. (iPic Entertainment)

Project Description: After the Delray Beach Public Library relocated to West Atlantic Avenue, its former site on SE 4th Avenue became available for redevelopment. The CRA issued an RFP (Request for Proposals) to solicit development proposals in 2006, but the selected project eventually became a casualty of the nationwide recession and real estate market collapse.

In February 2013, the CRA issued another RFP to redevelop the site. In August, 2013, the CRA Board awarded the RFP to Delray Beach Holdings,…

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Atlantic Crossings Coming Soon to Downtown Delray Beach!

Imagine a vibrant atmosphere where you can live, work, shop, and dine, all in the same building.  This is what Atlantic Crossing will bring to the heart of Delray Beach.  The signature mixed-use development is being designed with Mediterranean, Art Deco, and Contemporary inspiration, mimicking the diversity within Downtown Delray itself.  Atlantic Crossing will be comprised of approximately 83,000 square feet of Class A office space, around 76,000 square feet of retail and restaurant space, and approximately 350 luxury residences, both for sale and for rent.  This new development is essential in Delray Beach's economic growth and will support such for years to come.  Parallel with Delray Beach's vision of a thriving, balanced Downtown area, Atlantic…

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Changing The Skyline of Downtown Boca Raton

Development on rental projects has made construction crews the stars of Boca Raton's  downtown skyline. This tourist season is fueled by new construction to meet the demand for space.

The 261-unit Camden Boca Raton complex is still under construction, at 131 S. Federal Highway. The Mark at CityScape is also a work in progress, located just behind 120 E. Palmetto Park Road. When completed it will have 208 units. Advertisers are promoting the Camden will be ready for occupancy as soon as this summer. Though the 12-story Mark is projecting an opening early next year.

Construction cranes will remain a part of the skyline for now. Work is still progressing on the 350-unit Via Mizner, at Federal Highway and Camino Real. Developers say they will be ready…

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Fort Lauderdale Makes The List of The Best Downtowns in America!

What Makes a Great "Downtown?"

The best downtowns foster creativity, inclusion and innovation. They showcase what is good about a community by offering a diverse array of local architecture, art, lifestyles and things to do. Great downtowns unite residents from all walks of life, even those in the suburbs, by providing places to connect. Above all, the top-performing downtowns must maintain a high level of energy and give all residents in a city a reason to come on down.

For the most part, our top 10 lists are data-driven – more science than art. The Top 10 Best Downtowns 2014 list, however, is a bit of an exception. Yes, we started with data including improvement in retail and office vacancy rates, population gains, income growth, unemployment, the…

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