**13th Floor Investments and Rockpoint Partner on $100M Boca Raton Mixed-Use Development**
13th Floor Investments and Rockpoint have formed a joint venture to develop Link at Boca, a new transit-oriented, mixed-use multifamily community in Boca Raton, Florida. The project is a public-private partnership with the South Florida Regional Transportation Authority. Through a competitive RFP process, 13th Floor Investments was selected to lease publicly owned land and redevelop the area surrounding the Boca Raton Tri-Rail Station.
Link at Boca will be an eight-story development located adjacent to the Tri-Rail station. It will include 340 residential units and approximately 24,000 square feet of ground-floor retail space designed to serve both residents and transit users, as well as the broader Boca Raton community.
To support the project, the joint venture has secured $100 million in construction financing from Santander Bank. Groundbreaking for the development is expected to occur in February, with construction projected to take around 24 months to complete.
