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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