Butters Construction & Development, PEBB Enterprises and Konsker Development have joined forces to develop One Midtown, a new Class A office project planned for Boca Raton. The partnership is positioning the building as a modern option for tenants seeking high-quality space in South Florida without paying the rents seen in the region’s urban core markets.
According to the development team, One Midtown is planned to feature more than 120,000 square feet of Class A office space. The project will also incorporate over 11,000 square feet of ground-floor retail, adding a street-level component that is expected to support daily needs and services for office users and visitors. While detailed design, timing and tenant mix were not disclosed, the program signals a sizable addition to the local office inventory once completed.
Leasing efforts for the office component are being led by Blanca Commercial Real Estate. Christina Jolley, Kevin Carrasco, Tere Blanca and Danet Linares of Blanca have been named as the leasing representatives for One Midtown, giving the project a dedicated team focused on attracting tenants to the new construction. On the retail side, Zach Feldman of PEBB is overseeing leasing for the ground-floor space on behalf of the venture.
PEBB Enterprises executive Ian Weiner noted that Boca Raton is currently offering more affordable office rates compared with other nearby South Florida communities. He pointed out that new office leases in those urban core markets are reaching $150 per square foot on a triple-net basis, while Boca Raton can deliver comparable product at what he described as substantially discounted rents. That differential may create an opportunity for office users to secure high-end space at a relative discount within the broader regional market.
The One Midtown venture builds on PEBB’s existing presence and transactional experience. The firm reports having completed more than 5 million square feet of transactions, representing more than $3 billion in value across its portfolio of deals. The new development partnership with Butters Construction & Development and Konsker Development extends that track record into another ground-up office initiative in Boca Raton, with leasing and retail merchandising now underway.
