The Real Deal Miami

Boca’s One Thousand Ocean adds another $38M in sales

May 09, 2011 06:39PM

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