17 Jan Park Partners Residential Announces Redevelopment Plans For Boca Villa Apartments
Park Partners Residential announced today that the City of Boca Raton has approved the redevelopment plans for Boca Villa Apartments, 100 W. Hidden Valley Boulevard, Boca Raton, FL 33487. The redevelopment of the property will include the construction of an additional 55 units, clubhouse, resort style pool and dog park, as well as covered parking and individual parking garages. The apartment community was purchased in 2014 by the joint venture partnership of Giles Capital Group and Rosemurgy Properties, and is being managed by Park Partners Residential.
“Park Partners Residential is very pleased to have successfully achieved approval for the additional units, and the overall improvement of the property will be beneficial to the north Boca corridor,” said Rick Giles, Managing Partner, Park Partners Residential, and CEO, Giles Capital Group.
The Boca Villa Apartments expansion consists of a five-story and three-story building, as well as a two-story townhouse building. The community currently includes five existing buildings with 53 units comprised of one and two bedroom apartments which have all been newly renovated. Amenities include a community courtyard, swimming pool, high-speed internet, on-site management and maintenance, and the property is pet friendly.
Construction will commence in the 4th quarter of 2017. The project team includes: Development, Management and Leasing – Park Partners Residential; Architect – RLC Architects, Boca Raton, FL;
Landscape and Hardscape – Design Studio Boca; and Civil Engineer – Diversified Construction & Engineering Services, Boca Raton.
ABOUT PARK PARTNERS RESIDENTIAL
Partners Residential (PPR) is a multi-faceted firm for the ownership, development, and property management of multi-family real estate. The company provides full service, third party property management to institutional and private owners of multi-family communities. Properties managed by the company include: Alta Congress, Boca Villas, Coastal Village, The Forum, and PARC3400 all located within Florida. www.parkpartners.com