BOCA RATON, FLA. — A joint venture between South Florida-based developer 13th Floor Investments and Boston-based private equity firm Rockpoint has obtained a $100 million construction loan from Santander Bank for Link at Boca, a 340-unit property with 24,000 square feet of retail space in Boca Raton. The project was announced in 2025. Construction is expected to begin later this month. The developers estimate the project will be complete within two years.
The project, located at 680 Yamato Road, is adjacent to the Boca Raton Tri-Rail station, which is a rail system serving South Florida.
The community will include a mix of studio, one-, two- and three-bedroom apartments with such amenities as a resort-style pool, a social lounge and bar, coworking spaces and private offices, a yoga studio, children’s room, golf and virtual reality simulation room, a sauna, outdoor game area and a 650-space parking garage for residents, retail visitors and Tri-Rail users. A portion of the units will be set aside at affordable rents. Specific income caps were not disclosed.
Link at Boca marks 13th Floor’s third Link-branded transit-oriented development. The firm recently completed the first phase of Link at Douglas, a 7-acre mixed-use community connected to Miami-Dade’s Douglas Road Metrorail station. That project includes residential towers, retail and public plazas.
13th Floor also has plans to develop Link at SoMi, a multifamily project adjacent to the South Miami Metrorail station.