Boca Raton

Boca Raton is a mid-rise condominium property in Enterprise, Nevada, south of the Las Vegas Strip. The property consists of two seven-story buildings with a total of 378 units. Construction began in 2004, and the property opened in mid-2007. A second phase, consisting of two additional buildings, was canceled due to poor sales in the original buildings, a result of the Great Recession. History Construction In January 2004, Las Vegas-based Palm Beach Resort Condominiums LLC purchased of land at the southwest corner of South Las Vegas Boulevard and Serene Avenue, at a cost of $12.8 million. Unlike other condominium projects in the Las Vegas area, Palm Beach Resort received county approval for Boca Raton, had the project designed, and began construction before taking reservations. Stewart Simpson, the senior vice president of development for the project, said at the start of construction, "Most of these projects, they have a concept, they option for a piece of land and go out and start explaining it. Instead of saying we have this dream and hope we can make it happen, we had a dream and we didn't tell anyone about it and did our homework." The project was designed by Pierce Goodwin Alexander and Linville (PGAL). Groundbreaking for the first phase began on November 17, 2004, with completion expected for February 2006. Boca Raton was planned to ultimately consist of four seven-story towers, with a total of 756 units. Prices were expected to start at $200,000. The project was also planned to include a two-story underground parking garage. Las Vegas-based Wright Engineers was the structural project engineer, while UPA Resort Construction Group was the general contractor. JPMorgan Chase provided a $134 million construction loan for the project.