The Real Deal Miami

Posts Tagged ‘boynton beach’

  • Home values sag as project crawls to completion

    A residential development near Boynton Beach is more than a decade old and still unfinished
    July 09, 2016 11:25AM
    Of 100 planned homes at the Estates of Boynton, 24 are unfinished.

    Of 100 planned homes at the Estates of Boynton, 24 are unfinished.

    Some home owners at an unfinished residential development on Jog Road near Boynton Beach worry about property depreciation as the developer struggles to complete the project.

    The developer, John B. Kennelly, planned to build 100 single-family homes at The Estates at Boynton Waters but has failed to finish 24 of them, even though he launched [more]

    Comments
  • Developers flock to middle cities of Palm Beach County

    Projects include Water Tower Commons in Lantana and Cortina in Boynton Beach
    June 07, 2016 08:45AM
    Lantana-aerial

    A 2014 aerial picture of Lantana and South Palm Beach (Credit: WPPilot)

    With real estate prices soaring in the ritzy cities of northern and southern Palm Beach County — Jupiter, Palm Beach Gardens, Delray Beach and Boca Raton — developers are increasingly entering the less expensive middle cities, such as Lake Worth, Boynton Beach and Lantana. [more]

    Comments
  • Ram begins construction on Boynton apartments with $47M loan

    Community will bring 350 luxury units to building when completed in 2017
    June 03, 2016 04:30PM
    Rendering of Cortina

    Rendering of Cortina

    With $47 million worth of financing in hand, Ram Realty has begun construction on its modern-style Cortina apartment complex in Boynton Beach. [more]

    Comments
  • Oceanfront Boynton Beach spec mansion sells for $13.6M

    Custom homebuilder Mark Timothy bought the property in June for $5.5M
    February 26, 2016 10:30AM
    6125 North Ocean Boulevard

    Rendering of 6125 North Ocean Boulevard

    Luxury homebuilder Mark Timothy has sold a newly built oceanfront estate in Boynton Beach for $13.6 million, county records show. [more]

    Comments
  • Boynton exempts renovations from public art fee

    The city also agreed to refund about $28,000 of public art fees to a gated community
    January 24, 2016 12:30PM
    Public art in Boynton Beach

    Public art in Boynton Beach

    Hunters Run, a gated residential community in Boynton Beach, will recover about $28,000 of fees to support a municipal public art program, and city commissioners agreed to narrow the scope of the fees.

    Carl Sloan, president of the Hunters Run community, told the Sun-Sentinel “the concept of the law is terrific. But …  we’re in a private gated community, the public doesn’t come in to see our art.” [more]

    Comments
  • Home builder’s firms may sell property to repay debt

    John B. Kennelly's affiliated companies will try to sell or refinance property
    January 17, 2016 09:15AM
    Attorney Bradley Shraiberg

    Attorney Bradley Shraiberg

    Eight companies affiliated with custom home builder John B. Kennelly will try to sell or refinance properties in Broward and Palm Beach counties to pay off defaulted debt.

    The Kennelly-affiliated companies filed for Chapter 11 bankruptcy protection last year to avoid foreclosure by secured creditor BI Boca Boynton Portfolio LLC, which has a judgment exceeding $38 million. [more]

    Comments
  • Self storage REIT buys Boynton Beach building for $18M

    Property was developed in 2004 and last sold in 2002 for $400,000
    January 12, 2016 02:20PM
    3101 North Federal Highway

    3101 North Federal Highway in Boynton Beach

    A self storage warehouse along Federal Highway in Boynton Beach sold to a real estate investment trust, Palm Beach County records show.  [more]

    Comments
  • Investors pay $35.5M for Boynton Beach apartments

    Buyers paid $10M more than last sale price
    July 10, 2015 04:35PM
    The Colony Club apartment complex in Boynton Beach, now named Avana Isles.

    The Colony Club apartment complex in Boynton Beach, now named Avana Isles.

    A national developer and manager of multifamily properties reportedly just picked up an apartment complex just outside of Boynton Beach for $35.5 million. [more]

    Comments
  • CubeSmart picks up Boynton Beach facility for $10.5M

    Owner faced legal challenges from ex-wife
    June 30, 2015 03:45PM
    A CubeSmart location in Miami

    A CubeSmart location in Miami

    A local self-storage brand in Boynton Beach just sold its only location to a national chain for $10.5 million.

    Signature Self Storage, which operated out of the facility at 7960 Venture Center Way for roughly eight years, sold its 4-acre property to the CubeSmart self-storage company early last week, according to Palm Beach County records. [more]

    Comments
  • 500 Ocean developer signs deal for land, $51M in financing

    Downtown Boynton Beach project will include retail, restaurants and apartments
    May 28, 2015 01:30PM
    A rendering of 500 Ocean  (Credit: LeCesse Development Corp.)

    A rendering of 500 Ocean (Credit: LeCesse Development Corp.)

    The LeCesse Development Corp., a multifamily builder based out of Altamonte Springs, just picked up a chunk of vacant land it was eyeing to build a 4.7-acre mixed-use development in downtown Boynton Beach. [more]

    Comments
MENU