EDGEWATER CAPITAL BUYS DEVELOPMENT SITE IN BOYNTON BEACH FOR $12M

This is a summary.

Edgewater Capital Investments just purchased a 5.1 acres of vacant land located at 306 S.E. First Avenue in Boynton Beach for $12 million. The mixed-use development, called Villages at East Ocean Avenue, will feature 336 apartments and about 10,000 SF of retail space. Amenities include a clubhouse, fitness center and a pool. The apartments will mostly feature two-bedroom units due to tenant demand for an extra room. The site's highly coveted location sits between Delray Beach and West Palm Beach. It is located just a mile from the beach and a few miles from Downtown Delray. 

Read the original article at South Florida Business Journal:

https://www.bizjournals.com/southflorida/news/2022/05/06/edgewater-capital-buys-development-site-in-boynton.html

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