Emerging neighborhoods: Families flock to west Boca Raton and Delray Beach

Features

Emerging neighborhoods: Families flock to west Boca Raton and Delray Beach
Delray Beach, FL
 
Published Friday, October 5, 2018 10:00 am
by Brian Bandell Senior Reporter, South Florida Business Journal

Pulte is selling villas starting at $375,000, and many empty-nesters have bought, Lapinsky said. Often, these people are still working, but they don’t want a large home anymore because their children are out of the house, he said.

All those wealthy buyers have increased demand for commercial services in the area, but there’s a limited amount of supply, Ezratti said. Most of this unincorporated part of Palm Beach County is in the Agricultural Reserve, traditionally a farming area. When developers build there, they must preserve land elsewhere in the Agricultural Reserve for farming or green space.

The County Commission recently approved the development of 750,000 square feet of commercial development in the reserve, a number that developers are close to reaching with new projects.

Many west Boca Raton residents travel to commercial centers to the east for shopping and dining, so Uptown Boca will bring the community what it’s been missing, said Alex Rosemurgy, CEO of Rosemurgy Properties, which is co-developing the project with Giles Capital, Schmier Property Group and Wheelock Street Capital.

“I’m listening to my friends say, ‘We have nothing in west Boca to accommodate our lifestyle. There are not many options for dinner,’” Rosemurgy said. “They need an organic grocer and sit-down restaurants.”

The Jewish community has also driven the growth of the area, which is home to the large Levis Jewish Community Center and some kosher restaurants, Rosemurgy said. Uptown Boca will include apartments with kosher kitchens, which have separate cooking appliances for meat and dairy, he said.

“You still see more multifamily housing enter the market,” Rosemurgy said.

As for what the future could hold for west Boca/Delray, here are some of the biggest projects proposed in the area:

<< Previous Page

Send this page to a friend

Recent News

BH3 buys FATCity development site in downtown Fort Lauderdale

A co-developer of Privé at Island Estates paid $23.1 million for FATCity in downtown Fort Lauderdale, a site that’s entitled for 1.35 million square feet of mixed-use development.

Developer nabs construction loan for $300M project in Delray Beach

The Edwards Companies closed on construction financing for a $300 million mixed-use project in downtown Delray Beach.

Italian market to replace Blue Martini and Pinion at Boca mall_copy

Joseph’s Classic Market will move to expanded space at Town Center at Boca Raton mall.  Joseph’s will occupy 14,700 square feet in the combined former Blue Martini lounge and Pinion Grill restaurant, mall management announced. The new space will also feature outdoor patio seating.