Boca Raton’s City Council has given the green light to a comprehensive development plan on the grounds of the BRIC, the Boca Raton Innovation Campus, known for being the largest office complex in Florida with a sprawling 1.7 million square feet of space.
CP Group, alongside its co-owners Rialto, DRA Advisors, and Las Olas Capital Advisors, have successfully obtained rezoning permissions after a persistent campaign of over five years. This rezoning paves the way for the construction of a vibrant mixed-use community.
The project envisions the addition of 1,243 residential units, a 140-bed hotel, medical office space, and a sizable retail component encompassing 125,000 square feet, which will include a 40,000-square-foot grocery store for convenience. Additionally, a 55,000-square-foot space is designated for entertainment purposes. The development will repurpose a currently underused parking area to support these new facilities.
Sign up for Florida of Tomorrow's free newsletter to receive the latest real estate and new business information shaping the Florida of Tomorrow below.
_edited.jpg)