Arvida Park of Commerce renamed Park at Broken Sound

Miami /
Apr.April 28, 2015 04:30 PM

The Arvida Park of Commerce has been renamed the Park at Broken Sound as developers prepare to build residential units and retail stores at the 700-acre commercial park in northwest Boca Raton.

Two associations of property owners at the 37-year-old development approved the name change to reflect a new mix of  properties planned for the park, including 1,050 units in three multifamily buildings.

“Our plans will be completed and submitted to the city by June 1,” developer Jamie Danburg said Tuesday at an event in Boca Raton to announce the rebranding of the old Arvida Park of Commerce. Danburg won approval from the Boca Raton City Council in June 2014 to build 370 residential rental units at the park.

The city government opened the park to residential and retail development in 2012 by approving a mixed-use, land-use designation known as “planned mobility.”

Brian Schmier, executive vice president of Schmier & Fuerring Properties, one of the speakers at the announcement event, said his firm is developing 65,000 square feet of retail space at the newly named Park at Broken Sound.

Schmier said the new retail and residential development will leave intact the park’s 29 acres of lakes and waterways and 28 acres of green spaces.

Part of the modernization of the park will include new signage with it new name and logo.

“You’ll have a huge sense of place. You’ll know where you are,” said Bonnie Kaye, whose firm Kaye Communications is handling public relations for the rebranded park. “It’s a perfect address for live-work-play.”


Related Articles

arrow_forward_ios
Gary Bettman and 4020 Ibis Point Circle, Boca Raton (Getty, Google Maps)
NHL commissioner Gary Bettman buys Boca Raton mansion
NHL commissioner Gary Bettman buys Boca Raton mansion
AeroEquity Partners' Michael Greene and David Rowe with 6700 Northwest Broken Sound Parkway, Boca Raton (AeroEquity; CBRE)
Private equity firm pays $6M for Boca Raton office building
Private equity firm pays $6M for Boca Raton office building
Jeffrey A. Levitetz and 5001 Egret Point Circle, Boca Raton (Purity Wholesale, Google Maps)
Grocery distributor sells waterfront Boca Raton mansion for $16M
Grocery distributor sells waterfront Boca Raton mansion for $16M
Steven R. Dingle and the property he sold at 298 West Key Palm Road. (SRD Building Corp, Royal Palm)
Former Cantor Fitzgerald CEO sells Boca Raton mansion to homebuilder for $9M
Former Cantor Fitzgerald CEO sells Boca Raton mansion to homebuilder for $9M
Investcorp co- CEOs Hazem Ben-Gacem and Rishi Kapoor, Ventures CEO Tom Scott and 135 Northwest 20th Street in Boca Raton (Investcorp; Ventures; Google Maps)
CA Ventures buys Boca Raton apartment complex for $80M
CA Ventures buys Boca Raton apartment complex for $80M
Bill Pulte and 2020 Royal Palm Way, Boca Raton (Bill Pulte, Royal Palm)
Bill Pulte buys waterfront teardown in Boca Raton for $6M
Bill Pulte buys waterfront teardown in Boca Raton for $6M
North American Development Group CEO John Preston and the Via Mizner Golf & Country Club at 6200 Boca Del Mar Dr (NADG; Google Maps)
Multifamily developer buys former Boca Raton golf course
Multifamily developer buys former Boca Raton golf course
President Donald Trump and James Batmasian (Getty, White House)
Boca Raton real estate honcho James Batmasian gets presidential pardon
Boca Raton real estate honcho James Batmasian gets presidential pardon
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...