Joint Venture Breaks Ground on $200 Million Mixed-Use Project in South Florida

The groundbreaking of Uptown Boca, a $200 million mixed-use project in Boca Raton, was held in early October. The groundbreaking of Uptown Boca, a $200 million mixed-use project in Boca Raton, was held in early October.

Boca Raton, Fla. — A trio of developers — Giles Capital Group, Rosemurgy Properties, Schmier Property Group — in partnership with Wheelock Street Capital have broken ground on Uptown Boca, a $200 million mixed-use project in South Florida.

The development, which will be located at the corner of Glades Road and 95th Avenue South in Boca Raton, will feature 150,591 square feet of retail space. Lucky’s Market and Silverspot Cinema will anchor the project. In addition, Uptown Boca will offer 456 Class A apartments.

Additional tenants will include Bolay, a healthy restaurant concept, and Chick-fil-A. Marc Wiener Architecture, a local firm, provided design services for the retail portion of the project.

Retailers are expected to open their doors in summer 2019, and multifamily units are projected to be available for occupancy by early 2020.

“With no new significant development in over two decades, this type of lifestyle component is long overdue in West Boca,” says Alexander Rosemurgy, CEO of Rosemurgy Properties. “It will truly create the complete shop-dine-live experience that this area deserves.”

—  Taylor Williams

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