The New Boca Raton Takes Shape

The Boca Briefing, October 2026. A monthly letter from Eric Levy, PA.

Boca Raton market snapshot, MLS, October 2026: 3,348 active listings · 1,064 sold last quarter · $720K median price, up 13%

Drive Yamato Road or Military Trail lately and you can feel it. Boca Raton is being thoughtfully rebuilt for its next decade. The construction is only half the story. The other half is the caliber of investment behind it: landmark shopping plazas, office campuses, and development sites changing hands at values that would have sounded impossible a few years ago.

Here are the deals and projects I think are actually worth your attention this month.

Closer to Home: The Clubs, the Resort, and a Brand-New Park

Boca West is reinvesting $95 million in itself. The 1,400-acre community has broken ground on a complete renovation of Golf Course 1, the Arnold Palmer original, redesigned by Fry/Straka with a new nine-hole short course and a 65,000 sq ft putting green, due to finish this December. It follows a new $20 million pickleball center and a $70 million Lifestyle Center. When a community of 3,500 households spends at this level, it is protecting every homeowner’s value inside the gates. Inside the $95M plan

The Boca Raton keeps raising the bar. Michael Dell’s firm bought the resort for $875 million in 2019 and has since put roughly $375 million into upgrades. The next chapter is residential: an eight-story condominium building approved by the City Council in March, with construction expected to start late this year. Residences priced from about $9 million are already finding buyers. And on October 15, the resort won approval to expand its marina piers into Lake Boca, replacing aging docks with modern floating ones. The resort’s payoff · The marina approval

Just south of the resort, Royal Palm Yacht & Country Club quietly reset the ceiling for all of Boca this year: a spec estate sold for $75 million in May, the highest price in the city’s history. With every buildable lot inside the gates spoken for, each teardown and rebuild lifts the community’s values a little higher. Scarcity is doing what scarcity does. Read more in our Royal Palm Yacht & Country Club hub.

And east Boca is getting a 212-acre park. North Park, rising on the former Ocean Breeze golf course in Boca Teeca, broke ground in September. The first phase brings more than five miles of walking and riding trails, a dog park, a playground, and over 1,000 new native trees. The children’s Traffic Garden is already open, and the Boca Paddle pickleball and padel club is targeting a November opening. A golf course the city bought in 2018 is becoming one of east Boca’s signature amenities. The North Park update

A Landmark Sale: A Publix Plaza on Yamato Road Just Sold for $90.3 Million

Woodfield Plaza, the Publix-anchored center at Yamato and Jog, home to Walgreens, TooJay’s, Dunkin’ and Chase, sold this month for $90.3 million, about $632 a square foot. The buyer, New York-based Urban Edge Properties, is making its first major South Florida purchase. The seller, Invesco, had held the plaza since 1993, when it paid $20.6 million. That is a 4.4x return over 33 years, and a strong signal that national investors now see west Boca retail as core, hold-forever real estate.

Why it matters: grocery-anchored plazas near strong neighborhoods keep setting records because the rents never really stop. When this kind of money pays up for the shopping center, it underwrites the value of everything around it. Read the deal details

Confidence in Boca: Stephen Ross Is Buying Boca Offices, Again

Related Ross, billionaire Stephen Ross’s firm, just paid $64 million for North 40, the two-building, 380,000 sq ft office complex at Congress Avenue and Yamato, right by the BRiC campus. It is his second Boca office acquisition. While plenty of investors are still running from office buildings, Ross is buying them here, betting that companies keep relocating executives and headquarters functions to Boca. More on the purchase

By the numbers: $90.3M Woodfield Plaza sale · 1,128 new homes underway at 3 mixed-use sites · 64% of downtown’s new trophy office already leased

Mixed-Use Wave: The Old Office Depot Campus Is Becoming a Neighborhood

Ground has broken on Broken Sound Residences, 494 luxury apartments rising on the former Office Depot headquarters campus on Military Trail, developed by Related Group with PEBB Enterprises and BH Group. The full plan mixes the residences with destination retail, an Equinox fitness club, and modern office space, while Office Depot itself stays put in the central tower on a lease running through at least 2033. The campus, which sold for $104 million in 2023, is the template for where Boca is heading: live, work, and shop on the same land that used to be one company’s parking lot. The groundbreaking story

Two more pieces of the same puzzle: Link at Boca, the 8-story, 340-apartment project with 24,000 sq ft of retail rising next to the Tri-Rail station on Yamato, financed with a $100M construction loan and due in 2028, and Nuvo Midtown, 294 apartments now under construction on Military Trail. Add the 97-residence Park Tower at Broken Sound, approved by the City Council on October 13, and the Military Trail and Broken Sound corridor is adding well over a thousand new households. More on Link at Boca

See the full tracker in our Boca Raton New Developments hub.

Downtown: Downtown Gets Its First Trophy Office in 25 Years, and a Cipriani

The Aletto, rising at 125 E. Palmetto Park Road near the Brightline station, is downtown’s first new trophy office building in more than two decades: 117,000 sq ft of office, 23,500 sq ft of retail, four restaurants, and rooftop terraces. It was already 64% leased as of August, with completion expected in early 2028. Project details

A few blocks away, Mr. C Residences, the Cipriani family’s branded condo, won unanimous planning board approval this month for its revised plan: 133 larger residences starting around $2.2 million, a 6,000 sq ft Bellini restaurant, and a pickleball court. The headline number: it is already 50% sold, before construction has even started. On the 50% sellout

My Take

Jobs and rooftops are what hold home values up over time, and Boca is adding both at once: corporate tenants signing leases, national money buying the retail, and thousands of new residents moving into the corridors around Broken Sound, Yamato, and downtown. If you own near any of it, your neighborhood is being re-rated upward. If you are buying, these are the areas where the next decade of appreciation is being built today.

For the current numbers behind this issue, see the Boca Raton Market Report. For waterfront context, see Boca Raton Waterfront and Highland Beach.

About the author

Eric Levy, PA, Coldwell Banker Realty, Boca Raton. (561) 654-6199 · Eric.levy@cbrealty.com · ericlevypa.com
Best of Zillow agent · 88 Zillow reviews at 4.9 stars · Ranked in the top 0.33% of 3,602 Boca Raton agents

Sources: The Real Deal, Commercial Observer, Boca Daily News, and the publications linked in each section (October 2026 reporting).

A quiet next step: Curious what all this building means for your home’s value, or looking at a move before the new supply arrives? Call or text Eric at (561) 654-6199 and he will run the numbers for your street. No obligation, no sales sequence.