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MIAMI-Construction has begun on the $3 million High Ridge Commerce Center in Boynton Beach, FL, which will have 70,000 sf of for-sale flexible unit space at $90 per sf.

This is the first venture of its kind for Fort Lauderdale, FL-based Levitt Commercial, a company owned by BankAtlantic Bancorp of Fort Lauderdale. In a prepared statement, Levitt says 50% of the units are pre-sold.

“Business owners are able to capitalize on the prime location, low interest rates, potential property appreciation, while enjoying the tax benefits of ownership,” Levitt president Seth Wise says in the statement.

Levitt plans to make the units adaptable to office, showroom, warehouse and industrial operations. The six-acre site fronts Interstate 95, 45 miles north of Downtown Miami.

Units begin at 4,361 sf and go to 35,000 sf, with prices starting at $392,000 and going to $3.15 million.

The spaces are for sale only and not for lease, with 90% financing promised by Levitt which did not disclose loan terms or interest rates in the company’s statement.

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