(Crystal Proenza is associate editor of Real Estate Florida.)

BOCA RATON, FL-LXR Luxury Resorts & Hotels has topped off its $200 million, 52-unit One Thousand Ocean ultra luxury condominium project. The development, which is located adjacent to the LXR-owned Boca Raton Resort & Club's Boca Beach Club, is expected to deliver by the end of this year.

"The property is built to take advantage of maximum views, located on a private peninsula near the mouth of the inlet of the Intracoastal Waterway and surrounded by the Atlantic Ocean," Jamie Telchin, LXR's president of development, tells GlobeSt.com. "What gives the project rocket fuel is that it's right next to the Boca Beach Club," a 212-room luxury hotel that just underwent a $115 million renovation, he adds. The Boca Raton Resort & Club, also located on the site, includes approximately 900 rooms.

The developer would not release the exact number of units sold to date, but indicates that the company holds hard contracts on a majority of the units, which start at $2.7 million. "We've sold more this year already than we sold in all of 2008," says Telchin, attributing 2009's success to the fact that prospective buyers are now able to walk around the almost-completed development and see its potential.