A $1.5 billion ultra-luxury resort in Boca Raton: ‘It better be the best thing that's ever been done' [Yahoo! Finance]
JARDINE MATHESON UNSP/ADR (JMHLY)
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Source: Yahoo! Finance
Once open in 2025, the project, at the corner of Federal Highway and Camino Real in downtown Boca Raton, will unveil a 164-room hotel and 85 luxury units, most of which have already sold. Amenities will include a downtown golf and city club, restaurants and retail spots — the “kind of stores you find in Paris or Milan,” said Albert Piazza, the president of development for Penn-Florida Companies, the developer behind the project. Piazza said he started designing the project in 2015. He said the project's primary delay can be attributed to the COVID-19 pandemic and the subsequent supply constraints that followed. “We're part of the real world,” he said. “We were interrupted by the pandemic.” He added: “We have what is going to be one of the most expensive hotels in the United States. We want make sure that when we deliver it, that the designs are in fact current.” They did not want their designs to be dated, he said, which also spurred delays. “If we're going to be putting
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