The Real Deal Miami

Boca Raton’s One Thousand Ocean condo tops $200 million in sales

September 04, 2012 09:45AM

One Thousand Ocean

The One Thousand Ocean condominium in Boca Raton has topped $200 million in sales, the project announced. The luxury condominium, which opened in 2010, has sold 45 of its 52 units, with the most recent transaction netting $5.4 million. “This recent closing validates that luxury real estate is indeed sold during the summer in South Florida,” said Jamie Telchin, president of developer LXR Luxury Resorts & Hotels. “People realize that real estate markets are stabilizing.” — Alexander Britell