BOYNTON BEACH, FL-Boca Raton-based Altman Development has purchased the Peninsula on the Intracoastal multifamily community situated at 2649 North Federal Highway in Boynton Beach for $8,300,000. The property has 20 townhome sites and 50 residential units.

The multifamily community comprises a five-story residential building with 40 units. The property also contains 10 two-story coach homes that are almost completed. Avery Klann, Hampton Beebe and Marc deBaptiste, the Boca Raton-based team of ARA Florida, handled the transaction. For the full story, go to Florida Real Estate Journal. News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

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