BOCA RATON, FL--(Marketwire - February 06, 2013) - Downtown Boca Raton is experiencing a rebirth. The once quiet community that was long-known as a place where retirees flocked to escape the wrath of winter is undergoing a radical change. Life has been brought back into streets like East Palmetto Park Road. The area has experienced significant growth over the last three years and is now a place to be and be seen. It is also attracting a new crowd of young professionals who want a chic and urban lifestyle.
And the luxury real-estate project, 200 East, is at the center of it. "The number one aspect in real estate is location. This property is in the middle of it all," said John Poletto of Nestler Poletto Sotheby's International Realty, the firm handling sales and marketing at 200 East. "200 East is luxury lifestyle living without the golf course maintenance fees or the drive to the restaurants and downtown. It is the perfect place to live."
Todd Schleicher, a 28-year-old real estate broker, has lived at 200 East for almost two years. He said he noticed the appeal of the building, and the prime investment opportunity right away. "I looked everywhere and found nothing that matched the quality of this building," he said. "I like being able to close my door, walk outside and be close to restaurants and everything happening downtown; there is nothing as new or as nice in downtown Boca as 200 East."
Recent sales at 200 East reflect an accelerated growth pattern in the luxury Boca Raton residential real estate market. The luxury condo project sold nine new residences in October and November with a total price tag of $7 million. It is now 90% occupied.
Chase Zimmerman, 24, owns his own internet company and just recently moved into 200 East. "I love the downtown city living in the heart of Boca. You're in walking distance of the best of everything, from Mizner Park to the beach," he said. Zimmerman, who grew up in Boca, can easily recognize how much the area has changed. "It used to be so quiet, but now there are so many great restaurants and bars and more young people are living and working here."
200 East is less than half a mile from the beach and within walking distance of Mizner Park where you can find luxury retailers, fine dining and the iPic Theaters. Max's Grill, Truluck's, and Uncle Julio's attract crowds during the week and on the weekends. And young professionals are meeting for after-work drinks at Yard House, Dubliner and the nearby Biergarten in Royal Palm Place.
200 East has 115 units, consisting of two and three bedroom condominiums, but it's the two-story townhouses that are perfect for the young professionals. The units are equipped with the best products and top of the line technology. Residents also enjoy the state-of-the-art amenities including full-time concierge and valet service as well as the magnificent pool.
About Lojeta Group and Millennium Homes
The Lojeta Group is diverse, very successful and highly respected family owned real estate development firm. Focused on developing and investing in high quality large-scale opportunities, the Lojeta Group, along with Millennium Homes, has completed 20,000 homes, 10,000 rental apartments and 1,000,000 square feet of commercial space since its inception in 1985. In addition to 200 East, the two companies are also developing Margaritaville Hollywood Beach Resort in Hollywood, Florida. For more information, please visit www.lojeta.com.
For more than 50 years, Millennium Homes has been building communities nationwide to the highest standard of quality and design. Builders of communities that bring people together Millennium has completed over 100 communities that stretch from New Jersey south to Florida and west to Texas and California. For more information, please visit www.millenniumhomes.com.