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Joint venture closed on a 38-acre parcel at Glades Road.

BOCA RATON, Fla: Giles Capital Group, Rosemurgy Properties and Schmier Property Group in partnership with Wheelock Street Capital closed on a 38-acre parcel at Glades Road and 95th Avenue South in Boca Raton, FL.

Lucky's Market and Silverspot Cinema will anchor Uptown Boca Raton which will include Chick-fil-A, BankUnited and a variety of other shopping and dining options. Uptown Boca Raton, a $200 million pedestrian-friendly, mixed-use development will be built on the site and include 150,591 sq. ft. of upscale retail and 456 Class-A luxury apartments.

Brian Schmier, CEO, Schmier Property Group, said, "We are pleased to close on the property and to have the opportunity to deliver to West Boca Raton a lifestyle and entertainment project that will serve as a much-needed destination for the local community. The sentimental nature of this transaction has been quite apparent for Dan and Dixie Johns and their family, having owned this parcel since the early 1900's. It has been a pleasure to work with them and for all of us to develop such a unique project on property that has a special family history."

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Publication:Daily the Pak Banker (Lahore, Pakistan)
Geographic Code:1U5FL
Date:Jun 30, 2018
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