South Florida Real Estate News - New Construction Developments

Delray Beach nearing deal for $200 million downtown development

A deal that would allow the construction of a $200 million mixed-use project downtown on Atlantic Avenue is moving closer after more than a decade of planning and approvals.

Atlantic Crossing, a 9-acre project featuring apartments, offices, restaurants and shops, would be located beside Veterans Park along the Intracoastal Waterway. It’s the city’s largest proposed development in terms of square footage at the moment, said city commissioner Mitch Katz.

“It’s important because it’s prime real estate on Atlantic Avenue that needs to be be developed,” he said. “I just want to see this move forward.”

Signing the agreement would end a lawsuit the developer filed in 2015 over delays, and eliminate the risk of the city paying an estimated $40 million in…

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New design for Mizner 200 in Boca Raton

Mizner 200 - Project Overview

Location: Mizner Boulevard next to Townsend Place Condominiums just north of Camino Real

Number of Units: 340-384

Development Size: Four 9-story condo towers averaging 300 feet in height (proposed)

Price Range: $750 per square foot (blended average); $1,500,000 average price per unit
Developer: Elad National Properties

Mizner 200 latest update 

Last week, Boca Raton received plans for the updated version of Mizner 200, the Elad National Properties condo project that would replace Elad’s Mizner on the Green rental complex across Mizner Boulevard from Royal Palm Place. The change in design is significant and pleasing.  Like the first version, the new plan is for 384 luxury units. Like the first…

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Moderne Boca Raton Townhomes Under Construction

Moderne Boca, central Boca Raton's newest community, is under construction on one of the last undeveloped parcels in central Boca Raton. Located on the northeast corner of Spanish River Blvd and Military Trail, Moderne Boca Townhomes will be comprised of 75 contemporary townhouses, each three stories with outdoor space and two car garages.  Moderne Boca Townhomes will have 3 bedrooms and prices are expected to start in the low $600's.  West Palm Beach-based Kolter who built One City Plaza and Two City Plaza in Downtown West Palm Beach is the builder of this new community.  Affinity Architects designed the unique townhouses. 

The location of Moderne Boca places it directly around Don Estridge Middle School, Pope John Paul High School, Lynn…

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Lang Realty's Brian Pearl and Vini Antonacci List Eight Penthouse Residences at The Mark At Cityscape in Downtown Boca Raton

When the developers of the exclusive new luxury rental property in Downtown Boca Raton, The Mark at Cityscape, sought a top-producing real estate team to list the eight penthouse lofts, they didn't look further than Brian Pearl and Vincenza Antonacci of Lang Realty.

BOCA RATON, Fla. - Jan. 21, 2016 - PRLog-- The luxuriously appointed two-story residences offer between 780 to over 1700 square feet; with sweeping views of the city's skyline, golf course; ocean, and the famed Boca Resort and Club.  These contemporary units include garage parking, chocolate wood floors, double-height ceilings with transom windows and designer lighting, floor-to-ceiling hurricane impact-resistant windows, multiple balconies, and gorgeous kitchens with white quartz…

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Mizner Trail Golf Course Still In Limbo

Mizner Trail Golf Course back On The Market For Sale

Another year passed by and construction crews have yet to start work on the defunct Mizner Trail Golf Course. Close to Boca Raton, this 130-acre space has yet to see any new building or even landscaping. The fairways and putting greens are still an eyesore after Developers had the green light to move forward with their plans one year ago. The area remains untouched.

Neighborhood groups banded together to oppose the development. But they failed to appeal the final decision in February. The plan for new construction was set to move forward, but after ten years of overgrown brush residents are not holding their breath. Once a great attraction for home buyers in this desirable Boca Del Mar community,…

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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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Boca Raton condo development site acquired for $14M

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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GL Homes Communities In Palm Beach County Florida

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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Update on Mizner Trail Golf Course Development

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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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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