Bryason plans to break ground in September on the 80,000-sf, six-story 595 Financial Center at a hard construction cost of $20 million or $250 per sf.
The developer is also renovating the adjoining 43,000-sf, 15-year-old Coldwell Building, formerly the Arvida Building, for an estimated $1 million. The projects will offer a total 113,000 sf when completed in 2003.
The Coldwell building is 95% occupied at an average triple-net rent of $16 per sf. The properties are between 555 and 595 South Federal Highway and will overlook the city's Downtown district and the Boca Raton Resort and Golf Course complex.
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