Boca Raton Approves $95M Mixed-Use Development

BOCA RATON, FL-Amera Corp., a Coral Springs, FL-based developer, has received final approval from the City of Boca Raton to develop a $95-million mixed-use project here. The Washington Mutual Bank and office building, currently on the site of the future 200 E. Palmetto Park Rd. building, will be torn down so the luxury project can be developed, according to a spokesperson for the project.

The bank is planning to relocate to a new, freestanding building on the property—which is under construction now adjacent to the site—in the fourth quarter of this year, the spokesperson says. Construction on the mixed-use project is scheduled to when the relocation is complete.

Plans call for the nine-story, 340,000-sf project to consist of as many as 146 residential condominium units, as well as two stories of office condominiums, ground-floor retail space and underground parking. The building, to be situated on 2.4 acres one block east of Federal Highway, will be developed in Mediterranean revival style designed by Vander Ploeg & Associates of Boca Raton.