PRESENTED BY: ALAN KAYE 954-558-8058 [email protected]OFFERING MEMORANDUM • Townhome Development Site • Site Plan Approved • Great East Boca Raton Location • 16 Townhomes • Three Single Family Lots • Excellent Access to I-95 • List Price: $2,275,000 Yamato Villas Townhome Site Yamato Road East of I-95 Boca Raton, Florida 33431 OFFERING MEMORANDUM
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Yamato Villas Townhome Site Yamato Road East of I-95 Boca ......•Site Plan Approved ... Japanese farmers of the Yamato Colony converted the land west of the city into pineapple plantations
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Yamato Villas Townhome Development Site on Yamato Road is a 1.75+/-Acre Townhome Developm ent Site with Site Plan
Approval for 16 Townhomes and Three Single Family Homes in east Boca Raton, Florida. This L-shaped parcel is
located east of I -95 on the heavi ly traff icked Yamato Road which is a major east/ west artery with over 52,000 trips daily.
The property provides excellent access to I-95 for travel north and south and is located minutes from the ocean.
Location, Location, Location: This property is situated in a premier east Boca Raton location. With close proximity to I-95, it is located
minutes from the Boca Raton Airport, Florida Atlantic University, Boca Raton Regional Hospital and one-half hour north of the Fort
Lauderdale-Hollywood International Airport, Port Everglades and one-half hour south of Palm Beach International Airport . This
property provides an excellent opportunity for a developer to acquire well located townhome development land with site plan approval in a
highly desirable upscale market with strong demographics, A rated Public School system as well as several highly rated private schools and barriers to entry as there is minimal land for new development. New Townhomes at Moderne in Boca which is located approximately
four miles southwest started in the mid $500,000s and have sold up to $900,000 per unit.
BOCA RATON Boca Raton is a City situated in Southeast Palm Beach County, Florida that was incorporated in May, 1925, and is known for its golf courses, parks and beaches. Boca Raton spans 31.34 miles with a population of 100,000 residents who are served by their own Police and Fire Departments, as well as Boca Raton Regional Hospital and West Boca Medical Center, two major hospitals. It is part of the Miami-Fort Lauderdale-Palm Beach Metropolitan Statistical Area which is home to over 5,600,000 people. Boca Raton is bounded by Deerfield Beach & Fort Lauderdale to the South, Parkland to the West, Delray Beach & West Palm Beach to the North and the Atlantic Ocean to the East. Listed on early maps as “Boca Ratones” many people assume the name is simply translated to “Rat’s Mouth”. The Spanish word boca or mouth was often used to describe an inlet, while raton which means mouse, was used by Spanish sailors to describe rocks that gnawed at a ship’s cable, or as a term for a cowardly thief. The City's early history was at the site of Addison Mizner's Boca Raton Hotel. The "pink hotel" today is visible from miles away as a towering building on the Intracoastal Waterway. Japanese farmers of the Yamato Colony converted the land west of the city into pineapple plantations beginning in 1904. During World War II much of their land was confiscated and used as the site of the Boca Raton Army Air Force Base, a major training facility for B-29 bomber crews as well as a radar school and research facility. Much of the airbase was later donated to become the grounds of Florida Atlantic University. Many of the parking lots are former runways of the airbase, while part of the airbase is now used as Boca Raton Airport. The Japanese heritage of the Yamato Colony survives in the name of Yamato Road (NW 51st Street) just north of the airport and also in the Morikami Museum and Japanese Gardens in nearby Delray Beach. In 1991, the new downtown outdoor shopping center, Mizner Park, was completed over the site of the older Boca Raton Mall. It has since become a cultural center for the City with the Boca Raton Museum of Art and an outdoor Amphitheatre. Featuring a landscaped central park between the two main roads (collectively called Plaza Real) with stores, restaurants and apartments only on the outside of the roads, Mizner Park resembles a Mediterranean suburban "town center" with a more contemporary look.
Boca Raton is home to the main campus of Florida Atlantic University which now has a Medical School and a Nursing School, as well as the corporate headquarters of Office Depot, ADT, Lynn University, Cancer Treatment Centers of America, Bluegreen Corporation, and the Gift of Life Marrow Registry. It is also home to the Evert Tennis Academy, owned by former professional tennis player Chris Evert. Town Center Mall at Boca Raton, an upscale shopping center in Central Boca Raton, is the largest indoor mall in Palm Beach County. Town Center Mall became the geographic center of what is referred to as Boca Raton, though it was not annexed into the city until 2004.
Area Amenities & Transportation CoStar’s Daytime Employment
• Boca Raton Airport• Florida Atlantic University• Boca Raton Regional Hospital• West Boca Medical Center
Florida Atlantic University
Patch Reef Park
Sugar Sand Park
Morikami Museum & Gardens
Spanish River Park
Boca Raton Museum
Mizner Park
BB&T Center
Broward Center for the Performing Arts
1 mile
3 miles
4 miles
3 miles
2 miles
4 miles
1 miles
22 miles
20 miles
Yamato Villas Townhome Development Site
AREA HIGHLIGHTS
Within a five mile radius of the Yamato Villas Townhome Site
CoStar reports as follows:
Business Employment Type
• Boca Raton Resort & Club Professional & Management 59,672 32.58% • Red Reef Park & Sugar Sand Park Sales 26,833 14.65% • Town Center Mall at Boca Raton Education & Health 20,833 11.37%
• Gumbo Lindo Nature Center Services 19,464 10.63%
Retail 12,868 7.02%
Distance from Yamato Road & NW 3rd Boca Raton Real Estate & Finance 11,249 6.14%
Boca Raton Airport 1 mile
Fort Lauderdale-Hollywood International Airport 23 miles
Miami International Airport 43 miles
Port Everglades 2 1 miles
Boca Raton Regional Hospital 2 miles
West Boca Medical Center 7 miles
Red Reef Park 4 miles
Town Center at Boca Raton 2 miles
REGIONAL VIEW
HIGHLIGHTS & DEMOGRAPHICS
FINANCIAL HIGHLIGHTS:
• SALE PRICE $2,275,000• LAND COST PER UNIT $119,737
Florida Atlantic University (FAU) was founded in 1961 in Boca Raton on an 850-acre site. The campus is conveniently located just east of I-95 and halfway between Palm Beach and Fort Lauderdale and minutes from the Atlantic Ocean. Ten distinguished colleges offer more than 170+ degree programs in fields that span the arts and humanities, the sciences, medicine, nursing, accounting, business, education, public administration, social work, architecture, engineering, computer science and more. Academically accomplished students take advantage of honors programs on the Boca Raton campus and the complete, four-year honors curriculum offered by the Harriet L. Wilkes Honors College on the Jupiter campus.FAU’s Charles E. Schmidt College of Medicine was launched in 2010 and matriculates 64 medical students each year and has been nationally recognized for its innovative curriculum. As a community-based medical school, the college's humanistic, high touch, high tech curriculum, coupled with its partnership with three independent health systems in Palm Beach County, offers students and patients a unique experience.FAU’s Christine E. Lynn College of Nursing, is internationally known for its commitment to nursing as a discipline focused on nurturing the wholeness of persons and environment through Caring. The College of Nursing is dedicated to advancing the science, studying the meaning, practicing the art, and living Caring day-to-day. The College vision is a world in which health and wellbeing are transformed locally, nationally and globally through nursing grounded in Caring.The FAU Owls are the athletics teams and they participate in the National Collegiate Athletic Association's (NCAA) Division I as members of Conference USA. In addition to the current football head coach Lane Kiffin, FAU has attracted high-profile coaches in the past for various sports, including Howard Schnellenberger for football and Mike Jarvis for basketball. As of March, 2018, the Owls are led by athletic director Brian White. FAU Stadium is a college football stadium located at the north end of the main campus. It opened in 2011 and it is home to the Florida Atlantic Owls football team and the site of the national Cheribundi Boca Raton Bowl game broadcast on ESPN.
Boca Raton Airport (BCT) is a premier Southeast Florida aviation facility located in Boca Raton, Florida. Situated just east of I-95, midway between West Palm Beach and Fort Lauderdale, the Airport’s convenient location is minutes from business centers, the arts, shopping and beaches. Totaling over $500,000,000 in total business sales, there is also a US Customs and Border Protection Facility within the Airport that opened on May 18, 2018 which has served 7,136 passengers.
Boca Raton Airport encompasses 214 acres between Spanish River Boulevard and Glades Road. The Airport’s runway 5/23 is 6,276 feet long and 150 feet wide, with a full-length 40-foot wide parallel taxiway. There is an FAA Contract Tower on the field which is open from 7:00 AM through 11:00 PM. Two fixed base operators (FBOs) and two aircraft repair maintenance shops are located at the airport.
The Airport averages over 60,000 operations annually, including private aviation, corporate travel, and air taxi operations. Including single engine, multi engine and helicopters, nearly 300 aircraft are based at the airport.
VIRGIN TRAINS USA A MODERN RAILWAY Virgin Trains USA is the new name for All Aboard Florida's Brightline as of April, 2019 when it was purchased by Richard Branson. Brightline launched its new passenger private train service between West Palm Beach and Fort Lauderdale on Saturday, January 13, 2018, with plans to extend to Miami later in 2018 and to include service to Orlando in 2020. One-way trips between West Palm Beach and Fort Lauderdale are expected to take 35 minutes. Brightline trains travel at speeds of up to 79 mph.The Fort Lauderdale station is located at 101 N.W. 2nd Ave., and the 60,000 SF
station and platform includes a modern, multistory lobby with an elevated
passenger lounge for travelers, and parking facilities. The station is north of
Broward Boulevard and east of Interstate 95 and is two blocks from the city’s Sun
Trolley system which shuttles people to downtown destinations, area beaches and
the Fort Lauderdale-Hollywood International Airport. Broward County’s bus
system also has a stop near the station. The West Palm Beach station is located
at 260 Quadrille Plaza Drive, which is just north of City Place and west of