Developer Completes $16M Improvement Project on Downtown Boca Buildings, Rental Demand Up

Bank of America Tower, Palmetto Park Road, Boca Raton, FL, June 2025. (Photo: Boca Daily News)

The owner of two major buildings in downtown Boca Raton has completed $16 million in improvements alongside $61 million in refinancing.

Grover Corlew, a South Florida-based real estate investment management group, has completed a $61 million refinancing of two office properties in downtown Boca – Palmetto Park City Center and the Bank of America Tower, located at 120 and 150 East Palmetto Park Road, respectively…

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