Boynton Beach Mayor Rebecca Shelton (in pink) joined other city officials and representatives of Hyperion Group and Silverstein properties at the groundbreaking ceremony of Ocean One. Tim Stepien/The Coastal Star
Boynton Beach’s skyline is on the rise. After more than a decade of starts and stops and three years since final approval, Ocean One officially broke ground downtown on Oct. 6.
Hyperion Group is the investment firm behind Ocean One, which is also backed by Winter Properties, WREP and Silverstein Properties. The project is estimated to cost $174.1 million in total. The project, on the east side of Federal Highway north of Ocean Avenue, is planned to include 371 luxury rental residences and 25,500 square feet of retail space…