The Rok organization has maintained a strong national real estate presence for more than 50 years, with notable accomplishments ranging from being a major stockholder of a local community bank in South Florida to purchasing more than $700 million of distressed debt from 2008 to 2013.
Here are the most popular news headlines this past week on CRE-sources.
Groundbreaking on the project will begin in the third quarter of 2024, with a scheduled completion date at the end of 2025.
CP Group’s properties that will soon house worCPlaces include Two Town Center and Boca Raton Innovation Campus in Boca Raton.
Matthew McAllister and Chris Metzger of Cushman & Wakefield represented the landlord.
With over 35 years of experience, he has participated in all aspects of commercial real estate, including development, property management, brokerage, receivership, and banking.
The property is slated for completion in September, with tenants able to move into the property shortly thereafter.
Construction is anticipated to commence in the fourth quarter of 2023, with expected tenant occupancy beginning in the third quarter of 2026.
Apartments at the project will be reserved for income-qualifying residents aged 62 and older who earn at or below 22, 25 and 60 percent of the area median income (AMI). Monthly rents will range $374 to $1,225.
The property features four floors of office space with high ceilings and hardwood floors, set above ground floor retail.