Rockpoint and 13th Floor Partner for $100M Transit-Oriented Development in Boca Raton

Rockpoint joins 13th Floor Investments to break ground on Link at Boca, a 340-unit TOD project in Florida backed by a $100M Santander Bank construction loan.

By: AXL Media

Published: Mar 11, 2026, 5:13 AM EDT

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

A Strategic Public-Private Partnership

Link at Boca represents a sophisticated public-private partnership (PPP) involving the South Florida Regional Transportation Authority (SFRTA). By leveraging state-owned land adjacent to critical transit infrastructure, the developers are participating in a broader regional effort to densify urban corridors. Although the project was originally slated for a mid-2025 groundbreaking, the entry of Rockpoint as a well-capitalized partner has provided the necessary momentum to move the eight-story community into the construction phase.

Development Specifics in a Difficult Development Area

The project will take shape on an 8-acre site at 680 W. Yamato Road, a location officially designated as a "Difficult Development Area" (DDA). This classification often brings specific regulatory hurdles but also offers tax credit incentives aimed at encouraging high-quality construction in complex zones. The residential component will feature a diverse unit mix, from 600-square-foot studios to 1,300-square-foot three-bedroom apartments. Notably, 15 percent of the total inventory is reserved for affordable housing, fulfilling a critical local mandate for workforce residential options in South Florida.

Mixed-Use Infrastructure and Retail Strategy

Beyond residential units, Link at Boca is designed to be a self-sustaining ecosystem. The project includes 30,000 square feet of ground-floor retail space, with leasing efforts currently managed by Comras Co. The architectural program also calls for a 650-space parking garage to serve both residents and transit commuters. For residents, the "live-work-play" amenities will be extensive, featuring a rooftop pool, dedicated coworking and private office suites, a yoga studio, and a specialized social lounge.