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

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

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

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

Villaggio Reserve, the most exciting new Active Adult (55-plus) development in Delray Beach, has reached another important milestone. The first Patio Villas now are under roof.

That means Villaggio Reserve’s third residential concept joins the beautiful villas and the magnificent single family homes, creating a trio of remarkable residences that stand out as breathtaking homes in a community unmatched in South Florida.

“From announcing the Patio Villas this summer to going under roof this month, the speed of construction reflects how well our latest innovation in resort-style living was received by our buyers,” said Ron Yuter, Senior Vice President with developer Ansca Homes. Residences at Villaggio Reserve begin in the $290,000s through the

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

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,

Toll Brothers recently announced that they plan to delay their sales launch for their newest community in Boca Raton, Royal Palm Polo.  The builder originally planned to begin selling homes to buyers this month.  They announced the launch would be pushed back until the fall so the company can complete the model homes for Royal Palm Polo, according to the Sun-Sentinel. The luxury home builders stated that "buyers will be better able to see the quality and luxury of a Toll Brothers home first-hand."

The Pennsylvania-based Toll Brothers began construction of the 223-home Royal Palm Polo earlier this month. Prices will range from $1.2 million to $2 million. The company has a list of at least 1,000 potential buyers from past communities and marketing.  Toll