The Real Deal Miami

Florida Crystals unit plans 350 apartments in downtown Boca Raton

FCI Residential would develop two eight-story apartment buildings at 171 Camino Real
November 18, 2017 10:00AM

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