Delray firm arranges financing for Boynton Beach apartment project

BOYNTON BEACH — Bob Dockerty of Dockerty Romer & Co. has arranged joint venture financing to develop Las Ventanas in Boynton Beach.

Epoch Properties Inc. of Orlando is developing the 494-unit, multi-family rental community, which also has 43,000 square feet of retail space.  The property sits at the northwest corner of Woolbright Road and Federal Highway in Boynton Beach, situated on 14.6 acres about an eighth of a mile from the beach.

The development will have all the amenities associated with grade “A” multi-family and retail.  Two, five-story towers with parking garages will be built, along with a two-story parking deck for the retail component.

 “Las Ventanas is an exciting new development, offering conveniently located upscale luxury rental housing, shops, restaurants and offices,” said Kyle Riva, president of Epoch Properties Inc. “This project has been in the planning and permitting process for several years, and we are extremely enthusiastic about it becoming a reality!  We believe Las Ventanas will be very successful; offering a unique mixed-use living environment not before available in the city of Boynton Beach.  Las Ventanas will truly be, not just a place to live, but a lifestyle experience!”

Epoch's joint venture partner is Prudential Real Estate Investors, which is acting on behalf of institutional investors.

Epoch Properties has specialized in the development, construction and management of luxury multi-family apartments for more than 30 years. Epoch has completed more than 31,000 units in 56 cities throughout the United States.  It manages more than 10,000 units, both for their own account and on a fee basis.

Dockerty Romer  is a full-service real estate investment banking and real estate brokerage firm specializing in the capitalization of income producing properties.  Dockerty Romer & Co. has closed over $2.5 billion of real estate