Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | Developer Arranges Class A Office Sale in Boca Raton Increases Target to bringing $2B in InvestmentsInvolved with numerous high-value projects coming to Boca Raton including “The Palazzo at Broken Sound” office project.
After completion of the successful “The Milan at Town Center” office project Gromann has successfully located foreign and other investors to begin a new Class A office project to be known as “The Palazzo at Broken Sound on nearby APOC property—also situate on the Broken Sound Golf Course. The Milan currently houses the Florida headquarters of Comerica Bank and CBIZ as well as the new Salon Sora, an upscale beauty salon backed by Neil Hirsch which is located at the penthouse. Gromann is also speaking to investors and is planning smart growth projects in retail, residential and other development which seeks to top $2 Billion dollars in the City. “There is easily that much already in the pipeline” states Gromann. Boca Raton is a boutique City with a lot of opportunity for smart investors--the Downtown is really ready for some luxury “for sale” product and with a limited supply of infill land “the smart money that comes here first will have a monopoly on product” explained Gromann. Boca Raton has proven that it is resilient and that it can go head to head on dollars per square foot with any City. This is one of the best managed cities in the country. An internationally recognized locale, Boca has kept taxes low and credit ratings high. “When one considers that a residential owner might save over the life of ownership in excess of $200,000 in lower taxes and fees, Boca Raton is the obvious choice over say Delray Beach or Aventura especially when you consider Boca’s top private and public schools, amazing parks and recreation system, first class police & fire services and world class shopping and entertainment. To add to that Boca has become a diverse and cosmopolitan City” says Gromann. “Boca is on the rise and I fully expect great things to happen during this cycle”. End
Account Email Address Account Phone Number Disclaimer Report Abuse Page Updated Last on: Nov 21, 2013
|
|