Glass House Boca Raton Lands $70 Million to Launch Vertical Construction

Developer 280 E. Palmetto Park Road LLC lands $70M from Maxim Capital for Glass House Boca Raton, a 28-unit luxury glass condo tower due for 2027 completion.

By: AXL Media

Published: Mar 14, 2026, 10:58 AM EDT

Source: https://www.multihousingnews.com/

Financing Structure and Project Milestones

The $70 million senior loan refinances an earlier $9 million early-work note also provided by Maxim Capital, which funded the site's complex underground parking garage. Having broken ground in April 2025, the development team has already completed essential foundational work. This latest capital infusion ensures full funding through the build-out phase. The deal was arranged by Morris Betesh, Morris Dabbah, and Louis Halperin of Arrow Real Estate Advisors.

Architectural Innovation and Unit Specifications

Designed by the West Palm Beach-based firm GarciaStromberg, Glass House is a nine-story tower that breaks away from traditional Mediterranean-style architecture typically found in Boca Raton. Kaufman Lynn Construction is serving as the general contractor.

The development offers 28 expansive residences:

Size: Units range from 2,504 to 3,865 square feet.