BH Group, PEBB Enterprises Close $50 Million Transaction For Residential Component Of Boca Mixed-Use Project
Leading real estate developer Related Group is developing the residential project in partnership with BH and PEBB.
Leading real estate developer Related Group is developing the residential project in partnership with BH and PEBB.
The tower will encompass 354,238 square feet, featuring 334 apartments with 34 units reserved for workforce housing.
Rivr Lofts, completed in November 2024 and currently 65% leased, offers a mix of studios, one- and two-bedroom residences averaging 649 square feet across 231,113 rentable square feet.
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The development site spans 4.2 acres.
The site includes a fully-entitled, 274-unit, site plan approved multifamily development, which includes 5,300 square feet of ground floor retail space.
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The 25-acre site offers a blank canvas for redevelopment in an infill location surrounded by key demand drivers and amenities.
CCRE services a wide range of asset types, including single-family, multifamily, office, retail, mixed-use and hospitality in Miami-Dade, Broward and Palm Beach counties.
The appointment comes as Florida’s housing shortage reaches critical levels, with Miami-Dade County alone projected to need over 160,000 additional affordable units over the next decade.
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