Properties

PROPERTY HIGHLIGHTS

• The Property is surrounded by upscale, gated communities,including Polo Club at Boca Raton, Pheasant Walk, Bocaire Country Club, Le Lac Luxury Estates, Broken Sound Club, Boca Delray Golf and Delaire Country Club. Housing values in these communities range from $440,000 to $9.5M. The average household income within the trade area is $171,000.
• The trade area is experiencing a wave of multifamily development that will add significantly to the center’s customer base and drive sales in the future. There are 3,269 residential units under construction or planned within an 3-mile radius.
• Over 8.5M SF of office and industrial space. The daytime employment within 2-mile totals 67,000 and this population is a strong driver of customer traffic to the center, particularly during weekdays.
• Other nearby demand drivers include Lynn University (1.6 miles south; 3,50 students) and Florida Atlantic University’s main campus (3 miles to the southeast; 30,000 students)
• Currently, Boca Raton Innovation Campus (BRIC) is the largest single-owner office campus in South Florida with 1.7M SF on a 123-acre site. It’s ownership group obtained a zoning change in October 2023 from the City of Boca Raton allowing for the development of 1,243 residential units along with a 140-room hotel and 85,000 SF of medical offices.