After getting approval from the Boca Raton City Council, an expansive mixed-use venture is one step closer to becoming reality. The venture will go to a public vote in March.
The proposed Boca One would comprise residential, retail, and office space, and it’s expected to generate at least $250 million annually for the city – more than $4 billion over the course of its 99-year lease.
Boca One would have 947 residences: 765 apartments with some workforce housing and 182 condos. The South Florida Business Journal reports that, additionally, there would be 96,000 square feet of retail/restaurant space, 150,000 square feet of office space, and a 180-key hotel. Other features include basketball and tennis courts, a children’s museum, and a veterans’ memorial.
Terra and Frisbie Group, through their joint venture, Raton City Center LLC, are the developers. The two were selected by the Boca Raton City Council to lead the project. One Boca has undergone various iterations since its inception, including the amount of public green space. This version of Boca One features more than 15 acres of open-air space…