A development team led by Hyperion Group, Silverstein Properties and Winter Properties has lined up a major financing package for Ocean One, a luxury multifamily community planned in Boynton Beach. The group has obtained a $108 million construction loan for the project, alongside an equity placement arranged to support the capital stack.
Madison Capital is providing the $108 million in construction financing for Ocean One. In addition, Newmark arranged an equity raise on behalf of the development team, bringing together both debt and equity components needed to move the project forward. The financing positions the planned community to advance from predevelopment into active construction.
Ocean One is planned as a 371-unit luxury multifamily property to be built on an approximately 3.71-acre site in Central Palm Beach County. The eight-story building will offer a range of apartment layouts, including junior one-bedroom, one-bedroom and two-bedroom residences. The mix of unit types is designed to accommodate a variety of renter household sizes and preferences within a single community.
The project is programmed with a suite of on-site amenities intended to complement the residential offering. Plans call for a pool and spa, a fitness center and a dedicated pickleball court. Residents will also have access to co-working spaces and a sports simulator, supporting both work-from-home users and recreational activity within the property.
Ground floor retail is incorporated into the design, bringing a street-level commercial component to the development. While specific retail tenants have not been identified, this element is expected to provide convenient services and activation at the base of the building for both residents and visitors.
Arquitectonica has been engaged as the architect for Ocean One. The firm is responsible for the design of the eight-story structure and the integration of residential, amenity and retail components on the 3.71-acre site. The design work will guide how the community fits into its Central Palm Beach County setting and how residents engage with both interior and exterior spaces.
Newmark played multiple roles in assembling the capital for the project. On the equity side, Newmark professionals Adam Doneger, Avery Klann and Hampton Beebe represented Hyperion Group and Winter Properties in the equity raise. On the debt side, Newmark’s Jordan Roeschlaub, Nick Scribani and Holden Witkoff were tasked with securing the construction loan provided by Madison Capital.
Together, the construction loan and equity placement provide the financial foundation for delivering the Ocean One multifamily community in Boynton Beach, combining institutional debt funding with arranged equity capital to support the development plan.
