The Glades at Midtown Boca

Jones Lang LaSalle (“JLL”) is pleased to exclusively offer the opportunity to acquire the fee simple interest in The Glades at Midtown Boca (the “Property” or “Site”), an 11.59-acre development site in Boca Raton, FL. In addition to the 11.59-acre site, the Property also includes a 2.38-acre perpetual easement that can be used for surface improvements, parking, and landscaping. With no tenant control, The Glades at Midtown Boca is fully unencumbered and a blank canvas ready for redevelopment.

Located just off the intersection of Glades Road and I-95 in Boca Raton, the Property represents an irreplaceable urban infill location in one of South Florida’s most attractive submarkets.

Currently improved as a retail center, the “Commercial Industrial Mixed-Use Development” ordinance recently adopted by the City of Boca Raton has unlocked the Site’s redevelopment potential by permitting multifamily development. Further, a Unity of Control allows The Glades at Midtown Boca to be developed with entitlements based on a 23.37-acre site size translating to a maximum developable density of 584 residential units and approximately 850,000 SF of FAR.

An A+ location within an A+ market, the Glades at Midtown Boca boasts unmatched fundamentals: an affluent renter base, elite schools, immediate access to the major employment hubs of Fort Lauderdale and West Palm Beach--and a thriving office market of its own--all anchored by the premier Town Center at Boca Raton luxury mall. The Property has the location and fundamentals to make any type of development excel, from high watermark luxury residential to Class AAA office.

Ideally positioned at the center of South Florida’s top submarket, with unique high-density, mixed-use entitlements, The Glades at Midtown Boca is a once-in-a-generation opportunity to create a new South Florida landmark.