Saturday, February 27, 2010
1000 OCEAN HAS FIRST CLOSING
It's official. After years of often contentious battles with neighbors and under different ownership, One Thousand Ocean, the ultra-luxurious condominium project in Boca Raton, is done.
The city issued the developer LXR Luxury Resort & Hotels, owner of the Boca Raton Resort & Club, a certificate of occupancy last week. The condo sits on the resort's property adjacent to its Boca Beach Club.
The first closing at LXR's One Thousand Ocean, which is owned by New York-based Blackstone Group, took place yesterday, officials said. The units run from $3 million to $15 million.