Miles SmithA proposed eight-story development that would add more than 340 residences near a South Florida transit hub is a step closer to breaking ground following recent action by the Boca Raton Planning and Zoning Board.
The board voted at its meeting to recommend the project for approval by the Boca Raton City Council.
If approved by council, the Boca Village project would occupy part of the pre-existing Boca Raton Tri-Rail parking lot and adjoining vacant land. The project would offer 340 residences, 51 of which would be affordable and workforce-housing units.
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It also would dedicate more than 30,000 square feet to commercial uses, such as restaurants and shops, the city said.
According to city records, the applicant is 13th Floor Investments, LLC, a real estate management company based in Miami.
“This has been in the works for quite some time,” said David Dech, the executive director for the South Florida Regional Transportation Authority.
Dech said the project was still in the beginning stages, adding that it could take up to two years to obtain financing that could include loans through the federal government.
Photo courtesy Sharon Hahn Darlin, CC BY 2.0 https://creativecommons.org/licenses/by/2.0, via Wikimedia Commons
