**13th Floor Investments and Rockpoint Launch $100M Mixed-Use Development in Boca Raton**
13th Floor Investments and Rockpoint have partnered in a joint venture to develop Link at Boca, a new mixed-use multifamily community in Boca Raton, Florida. This development marks a significant 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 transform the surrounding area of the Boca Raton Tri-Rail Station into a vibrant, transit-oriented environment.
Link at Boca will be an eight-story community situated adjacent to the Boca Raton Tri-Rail Station. The project will include 340 residential apartments and approximately 24,000 square feet of ground-floor retail space. The development is designed to serve not only its residents but also Tri-Rail commuters and the broader Boca Raton community.
To fund the construction, the joint venture has secured $100 million in financing from Santander Bank. Groundbreaking is scheduled for February, and the construction timeline is expected to span approximately 24 months.
