C&W to Market Luxury Boca Raton Community
Located at 850 Broken Sound Parkway, the community was completed earlier this year and features a mix of five-story elevator mid-rise buildings and two-story garage townhome units.
By Timea Papp
CC Residential and The Praedium Group selected Cushman & Wakefield to exclusively market 850 Boca, a 370-unit, luxury multifamily community in Boca Raton, Fla. The property is currently 69 percent leased, 62 percent occupied and expected to stabilize by January 2018.
Located at 850 Broken Sound Parkway, the community was completed earlier this year and features a mix of five-story elevator mid-rise buildings and two-story garage townhome units. 850 Boca offers 23 distinct floor plans ranging from one-bedroom residences to three-bedroom townhomes with direct-access garages. The property encompasses 336 mid-rise homes and 34 three-bedroom townhomes with two-car garages.
Location & Amenities
Community features include a 24-hour fitness center, an 11,000-square-foot, two-story clubhouse, outdoor cabanas, beach-entry pool, grill stations, lounge, pet spa and dog park. The units provide renters with stainless steel appliances, quartz countertops, 42-inch cabinets, wood plank flooring and nine-foot ceilings.
The community’s central location within The Park at Broken Sound provides access to more than 8 million square feet of office and industrial space. 850 Boca is proximate to several dining, shopping and entertainment venues such as Pavilion Grille, Starbucks, Town Center at Boca Raton, Publix Super Market and The Wick Theatre.
The C&W South Florida Multifamily team of Vice Chairman Robert Given, Executive Managing Director Zachary Sackley, Managing Director Troy Ballard and Financial Associate Neal Victor will spearhead marketing efforts on behalf of the ownership.“It is extremely rare for a large core multifamily asset to become available in Boca Raton,” said Given, in prepared remarks. “There hasn’t been a property like 850 Boca on the market in this city for 10 years and it may be another decade before we see a comparable listing.”
Image courtesy of Cushman & Wakefield