News

Located on a prime site at Glades Road and 95th Avenue South in West Boca Raton, Uptown Boca will feature 456 Class A luxury apartments and 171,806 square feet of upscale retail space.

The initiative to create the Regatta Harbour mixed-use project being developed by The TREO Group of Miami recently produced a welcome tangible result with the opening of the Regatta Harbour Marina.

"This community represented a great opportunity to buy new, stabilized product below replacement cost thanks to robust local market momentum," says David Nelson, managing director of acquisitions for Hamilton Zanze.

HFF represented the seller and worked with the buyer in the transaction to secure the acquisition financing from New York Life Insurance Co. Loan proceeds were used to acquire the property and provides additional capital for an upcoming building renovation, HFF reports.

The residential and commercial developer tapped Nichols to help it expand development of independent living, assisted living, memory care, and active adult communities.

The long-term owner had made several significant upgrades including substantial roof work, replacing boilers, and updated kitchens over the years.