'Ultra-luxury' condo tower going up in Boca

Posted at 7:06 PM, Feb 26, 2016
and last updated 2016-02-26 22:24:39-05

Construction is officially underway on downtown Boca Raton's newest building.

Developers and city leaders broke ground on 327 Royal Palm today.

The 100-foot tall building will be home to 24 "ultra-luxury" condos. Many of which have already sold.

The property is located at 327 East Royal Palm Rd., one block south of Palmetto Park Road.

Developers say it will fit nicely in the growing downtown area.

"Downtown is already a very vibrant place with restaurants and everything that is happening, and I think this building will bring a very select set of residents," said Ignacio Diaz, a developer with Group P6.

Many residents have spoken up against the size of new buildings downtown.

This one followed the city's building guidelines. It  received a minor, parking-related variance, according to the deputy mayor. It hasn't drawn much criticism.

The building should be open by December 2017.