Related Building 494 Boca Raton Apartment Units
The Related Group has obtained $176.5 million in financing for an apartment project at the ODP Headquarters site in Boca Raton. It covers the 9.9-acre site at 6600 North Military Trail.
Balfour Beatty Construction is the general contractor.
The South Florida Business Journal reports that the Broken Sound Residences will be divided into three types of units: 223 apartments for the Manor, 239 larger apartments for Icon, and 50 ultra-luxury housing units. It will also include 50 workforce housing units.
The project will have two pool decks with private cabanas, hot tubs, cold plunge, a bar and grilling stations. There will be a third pool in an interior courtyard. Other amenities will include a fitness center, coworking space, a golf simulator, a private dining room, a speakeasy lounge,and a rooftop lounge.
Related paid $50 million for a site dedicated to apartments at the onetime office campus.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout