Glass House Boca Raton Lands $70M Construction Financing from Maxim Capital

Glass House Boca Raton Inks $70M Financing
CRE Market Beat Take
The $70 million construction loan signals that lenders remain active for well-located, amenity-rich condo projects, suggesting funding is available for higher-end residential product in strong downtown submarkets.

Glass House Boca Raton, a nine-story condominium development led by developer 280 E Palmetto Park Road, has closed on $70 million in construction financing provided by Maxim Capital. The project team reports that the building remains on schedule for completion in late 2027 and is being positioned as the first modern glass building in downtown Boca Raton.

Arrow Real Estate Advisors arranged the financing, with Morris Betesh, Morris Dabbah, and Louis Halperin credited for securing the loan. The construction capital will support the delivery of a luxury residential offering in the heart of the downtown district as work progresses toward the projected delivery timeline.

At full build-out, Glass House Boca Raton is planned to include 28 condominium residences. Unit sizes are described as ranging from 2,504 square feet up to 3,865 square feet, targeting buyers seeking larger-format luxury homes in a mid-rise setting.

The project includes a robust amenity package highlighted by a 10th-level rooftop deck offering views of the ocean, the Intracoastal Waterway, and nearby golf courses. Rooftop features are expected to include a pool, jacuzzi, and private cabanas, as well as an outdoor catering kitchen, barbecue area, and a lounge space built around a fire pit.

Wellness amenities are also a core component of the design. Plans call for a fitness center that incorporates a dedicated recovery and stretching room, along with a sauna, steam room, and an experience shower intended to enhance the resident spa experience.

Architecture firm garciastromberg is leading the design of Glass House Boca Raton, bringing a contemporary glass-forward concept to the downtown environment. Kaufman Lynn Construction has been engaged as the general contractor, overseeing day-to-day construction activity as the project advances toward its targeted late-2027 completion.

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