What's Behind The New Construction Boom In Boca Raton?
Posted by Roy Barbu MBA on Thursday, March 9th, 2017 at 8:59am.
Incorporated in 1925, the once sleepy resort town of Boca Raton has grown and grown over the past century into a vibrant, affluent, and dynamic urban center. Over the past 30 years, the population of Boca Raton has increased by 50 percent, and if you regularly drive down Palmetto Park Road or Fifth Avenue, you've likely noticed the increase in traffic.
Boca Raton Real Estate Market
All of this is tied to the fact that the Boca Raton real estate market is thriving. A drive through the downtown core reveals more construction caps than sun hats. The result of all this construction: Residences in Downtown Boca have nearly doubled since 2013. An article in the Sun Sentinel indicates that property rates are increasing at a slow, steady, and sustainable rate. As such, it's a prime time to invest in the local real estate market. Especially, the downtown core.
Planning the New Boca Raton
In 2008, the city revised its construction codes to allow condo and apartment buildings to reach heights of twelve stories as opposed to the original limit of eight. This isn't just about creating more Boca Raton homes for sale, it's about creating a bigger, better, more beautiful Boca. These taller buildings must be further back from main streets so that pedestrians and cars traveling down the road aren't hemmed in by soaring towers on either side. Instead, when you look at the city you should be able to appreciate a tiered effect of luxury condo buildings that each have their own unique architectural style.
Buying Downtown Boca Raton Condos For Sale
If you're looking to buy Downtown Boca Raton real estate, take a look at these complexes that comprise some of the newest luxury condos on the market:
There's also a number of buildings anticipated to reach completion soon, including:
- Tower 155
- The Residences at Mandarin Oriental
- 327 Royal Palm
For more information about purchasing Boca condos for sale or Boca downtown real estate, contact Boca Dreams Realty or call us at (561) 245-1387. As experienced Florida real estate experts, we have all of the local insights you need to make your home buying dreams a realty.
Featuring the finest of South Florida luxury and Boca Raton real estate, BocaDreams is your #1 source for Boca Raton homes for sale. Register now to start your search for the luxury lifestyle you deserve!
Discover your dream today!
Featuring the finest of South Florida luxury and Boca Raton real estate, BocaDreams is your #1 source for Boca Raton homes for sale. Register now to start your search for the luxury lifestyle you deserve!Register Now