By Larry Mastropieri
Oct 27, 2024
The University Village mixed-use development in Boca Raton is back in the spotlight, as developers recently revealed revised plans for this large-scale project. Originally approved in 2015, the 77-acre site at 555 N.W. Spanish River Blvd. had remained dormant, but new developments indicate a renewed push to make this ambitious project a reality. The updated vision for University Village includes residential units, retail spaces, office facilities, and community-focused amenities, making it a significant addition to the Boca Raton real estate market.
What’s New in the Plan?
The new plan for University Village is a departure from the original concept, presenting a more comprehensive approach to mixed-use development. Key elements of the revised project include:
710 Residential Units: These units will offer a blend of apartments, townhouses, single-family homes, and senior housing, making University Village an inclusive community suitable for a variety of residents.
Commercial and Retail Space: The project includes 150,000 square feet of retail and restaurant space, enhancing the property’s appeal by providing lifestyle amenities and shopping options.
Office Space and Hotel: The development plans also feature a 68,276-square-foot office building and a 185-room hotel, which will add commercial vibrancy and cater to both local businesses and visitors to Boca Raton.
Parking and Amenities: With 2,989 parking spaces and landscaped public areas, University Village will offer ample parking for residents and visitors while creating spaces for community gatherings and events.
