Luxury boutique residences in Boca Raton set to break ground in December
Luxury residential developer, Group P6, has obtained a $68.5 million construction loan from CIM Group to begin construction for Royal Palm Residences, a luxury residential project in downtown Boca Raton. Located at the corner of Fifth Avenue and East Royal Palm Road. The nine-story, 48-residence condominium is expected to be delivered in 2022.
“We are excited about this project and this brings us one step closer to completion,” said Ignacio Diaz, Managing Partner at Group P6. “Our pre-construction sales have exceeded expectations, especially considering the pandemic, and securing this loan helps continue the momentum.”
Group P6 is particularly excited for the team they have assembled for this new project. Diaz said, “This is a momentous project for us. We have put together the best of our experiences and learning to build the best team we could have ever imagined. A truly major league assembly of players, from design to construction.”
Award-winning Boca Raton-based design firm RLC ARCHITECTS designed Royal Palm Residences, their first project working for Group P6, and world-renowned Suffolk Construction will be the project’s general contractor. “We selected Suffolk because of their market presence, as probably the largest contractor in Florida. Also because of their recent experience in extremely high-end condominiums and attending to the needs of those buyers, such as The Bristol, in Palm Beach. And finally, because we believe they have the best warranty department and post-construction service of the contractors working in our region,” Diaz said.
RLC ARCHITECTS represents the finest in design in commercial and residential real estate in Boca Raton, Interior design firm, Zelman Style Interiors is handling interior customization and design. One Sotheby’s International Realty is exclusively handling sales and marketing for the project.
Royal Palm Residences is over 40% sold, with remaining residences starting at $1.9 million. The three to five-bedroom residences range from 2,425 to 7,168 square feet. Each residence will have 270 degrees of natural light, dual-entry private elevator access directly into the unit, European kitchens & top of the line appliances, including Wolf gas barbecues built into large outdoor terraces.
Amenities include two assigned, secured, underground parking spaces; an expansive wellness plaza, featuring a state-of-the-art fitness center, boutique pool with a heated spa and a club room with European kitchen and bar for entertaining. The building will also feature a 24-hour doorman and private underground storage.
They also have an exclusive partnership with Boca Rio Golf Club, a prestigious & private golf club, located just west of the new residences.
For more information about Royal Palm Residences or to schedule a private showing at the project, call (561) 948-4051 or visit https://www.rpresidences.com/.
About Royal Palm Residences:
Royal Palm Residences is a highly anticipated project that will redefine modern luxury in Boca Raton. The nine-story, 48-residence condominium is expected to be delivered in 2022. Located on a prime site at the corner of Fifth Avenue and East Royal Palm Road, where the city meets the sea, with stunning panoramic views of the Boca Raton Resort & Club, the turquoise waters of the Atlantic Ocean and a planned, six-acre, multi-million dollar, waterfront park that will sit just outside the buildings front lobby. This modern work of art will offer threeto five-bedroom residences – including six penthouses - ranging from 2,425 to 7,168 square feet. Prices for remaining residences start at $1.75 million. For more information about Royal Palm Residences call (561) 948-4051 or visit
https://www.
About Group P6
With 45 years of development experience, Group P6 is well known for its reputation of delivering everything the company promises to meet and exceed customer expectations. The company’s latest project was 327 Royal Palm, 24 luxury boutique residences in east Boca Raton which came on the heels of six other high-end residential projects in the region. Group P6’s principals possess substantial experience in international business, engineering, construction, architecture and development, and hold degrees from MIT, Northwestern and Harvard. In South Florida, Group P6 is honored to be recognized among the next generation of luxury residential developers.
