One Thousand Ocean

A $5.15 million purchase of a condominium unit at Boca Raton’s One Thousand Ocean condominium this month brought the project past the 85 percent sales mark. [more]

Clockwise from left: Jennifer Lopez filming at One Thousand Ocean, with sales associate Kimberly
Gambino and touring the condo

In Jennifer Lopez’s upcoming turn in “Parker” as a Miami real estate broker, she films at the One Thousand Ocean condominium in Boca Raton. The film’s producers used the project’s developer and sales agents as extras — including Jamie Telchin, president of development at LXR, his wife Jessica and sales associates Maria Scarola and Kimberly Gambino. The movie is adapted from the novel “Flashfire” by Donald Westlake about a real estate agent involved with a criminal, played in the movie by Jason Statham. — Alexander Britell
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A penthouse at the One Thousand Ocean condominium project in Boca Raton has been sold for $10.4 million, the biggest sale for a new-construction oceanfront condo in Palm Beach County this year. The 6,900-square-foot unit has nearly 4,000 feet of terraces. Corcoran’s Senada Adzem represented the buyer, working with Maria Scarola of LXR Realty, representative of the developer. “We’re very pleased that the penthouse has already sold, seeing as the four penthouses were released just a few months ago,” said Jamie Telchin, president of development for LXR, the property’s developer. He said the project had seen $180 million in closings since the building’s completion in February 2010. — Alexander Britell [more]

The One Thousand Ocean project in Boca Raton has announced $38 million in new sales in the last seven weeks, according to developer LXR Luxury Resorts & Hotels. “Although our inventory has diminished, we took special care to release residences in such a way that we continue to have excellent selections available, most for immediate occupancy,” said Jamie Telchin, president of development for LXR. The project has now sold a total of 37 units since opening in mid-February, with the sum of the transactions approximately $163 million. Like many of its fellow condos to the south, foreign buyers have helped drive sales at the project, Telchin said. TRD [more]

Private equity firm LXR Luxury Resorts & Hotels has topped off its
first condo tower at the Boca Raton Resort & Club, and continues to
move forward in its four-year effort to rebrand, reposition and
reinvigorate the luxury hotel empire once owned by billionaire
businessman H. Wayne Huizenga. The 1,047-room resort also unveiled the
$120 million renovation of its adjacent beach club and completes a $100
million overhaul of restaurants and other common areas. While LXR plans
an eventual sale of its hotel assets, that is part of a longer-term
plan that will require more work, said company president Jean-Jacques
Pergant.
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