Florida Crystals unit plans 350 apartments in downtown Boca Raton

FCI Residential would develop two eight-story apartment buildings at 171 Camino Real

Miami /
Nov.November 18, 2017 10:00 AM

171 Camino Real

A subsidiary of sugar producer Florida Crystals Corp. plans to build 350 apartments at the corner of Dixie Highway and Camino Real in downtown Boca Raton.

The development, called Camino Square, would encompass two eight-story apartment buildings, with 199 units in one and 151 in the other, plus 631 parking spaces in two garages and a dog park open to the public.

The company behind the project is FCI Residential Corp., a real estate subsidiary of West Palm Beach-based Florida Crystals, which is owned by the Fanjul family.

The development site occupies almost half of a 9.12-acre retail plaza with four one-story buildings at 171 West Camino Real.

New York-based Kimco Realty Corp. owns the rest of the plaza property. Kimco’s plan for the property is unclear. The company didn’t respond to requests for comment from the Sun-Sentinel.

Ele Zachariades, an attorney for FCI Residential, told the newspaper the company hopes to win city approval of the Camino Square project within the next four months and would build the apartment buildings in 20 months. [Sun-Sentinel] – Mike Seemuth


Related Articles

arrow_forward_ios
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
From left: Jim Cohen, Nancy Corey, Nathan Zeder, Alicia Cervera Lamadrid, Phil Gutman and Mike Pappas (iStock)

South Florida’s pandemic-fueled residential market poised for bull run in 2021

South Florida’s pandemic-fueled residential market poised for bull run in 2021
Kathleen DuRoss Ford and 300 North Lake Way (Getty, Google Maps)

Kate Ford’s Palm Beach estate sells for $55M

Kate Ford’s Palm Beach estate sells for $55M
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
Carl E. Klepper Jr and 1739 Royal Palm Way, Boca Raton (Royal Palm Properties)

Spec mansion in Boca Raton sells for $8M

Spec mansion in Boca Raton sells for $8M
arrow_forward_ios

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

Loading...