Boynton Beach
REAL ESTATE
Buyers sue to recoup Mandarin Oriental deposit on unfinished Boca Raton condo
The prominent Mandarin Oriental hotel and condo in downtown Boca Raton began construction five years ago but still remains mostly two concrete shells, creating an eyesore in the city center. Palm Beach Post. A Highland Beach couple is suing an affiliate of Boca Raton-based Penn Florida Cos. in a bid...
Big win for Kolter: Zoning change adopted that could lead to new Jupiter Island condo
With the new condo Surfside law in play, Kolter Homes will now return with detailed plans that must be 'compatible' with other beachfront condos on Jupiter Island. County commissioners voted Wednesday to change the county’s zoning code to allow plans to move forward that could result in a Jupiter Island condominium being torn down to make way for a bigger building without seeking a variance.
Parking Lot Could Serve as Homes at 900 Broken Sound Parkway Northwest, Boca Raton, FL
Locally based 900 Broken Sound Acquisition Co. has filed an application with Boca Raton city officials for the construction of a multi-family housing development. If approved, the venture would require 334,295 square feet of new construction and offer 289 units. Per the South Florida Business Journal, about 10 percent (29...
West Palm Beach Industrial Property Trades, Triples Value
Avison Young’s Florida Capital Markets Group completed the $10.95 million sale of a small bay warehouse/flex asset spanning three buildings and totaling 52,740 square feet at 3866 Prospect Ave. in West Palm Beach. Closing at $208 per square foot, the total price represents a more than triple value increase...
Boca Offices Sold at Discount
Prime US REIT has unloaded One Town Center in Boca Raton, Florida, for $82 million, a considerable loss. The company paid $99.5 million for the property in 2021. Prime US REIT sold the 200,858-square-foot office building and 435-space parking garage at One Town Center Road to Gatsby Enterprises. Wells Fargo Bank provided the buyer with a $51 million mortgage.
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