The skyline in Boca will be changing over the next few years as scores of developers have converged on the city. Multi-family rental projects abound in various states of approval and construction, leading many to hope our local real estate market is on the rise.
With a 4-1 vote, Boca Raton’s City Council has just approved a new multi-family rental project by RAM Development Company. Located on the corner of Palmetto Park Road and Federal Highway in downtown Boca Raton, the project will add 208 units to the ever-growing landscape of multi-family development.
This decision comes on the heels of another recent approval for the creation of 378 residential rental units by developer Archstone on East Palmetto Park Road. Additionally, 384 units are already under construction by ,Alliance Residential dubbed Broadstone at North Boca Village.
Two more developments, Via Mizner and Camden Boca Raton, are also seeking future approvals that would supply an additional 600 units to the downtown area. All together, this comes to over 1,500 new rental units under construction or seeking approval to begin development.
Ideally, this influx of new apartments, featuring the latest of amenities, will be the vortex of attraction to all the young professionals that work in downtown Boca Raton but happen to live and play in other communities.