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Related, Rockpoint JV Snags $69M Loan for Boca Raton MF Development

Miami-based The Related Group and Rockpoint Group plan to break ground on a Boca Raton apartment community called the Manor at Broken Sound. The development JV secured a $68.83 million construction loan from Wells Fargo Bank.

The project is slated to rise on an 11.5-acre site at 5400 Broken Sound Blvd. in the Park at Broken Sound business park, which was rezoned to include a mix of uses. The development is planned to include 261 apartments and 36 townhouses, along with such amenities as a pool, fitness center, saunas, spa, business center, lounge and two courtyards.

The JV acquired the property last year for $20 million and subsequently demolished an existing office building on the site. Construction is expected to commence on the apartments in the coming weeks and span roughly 18 months.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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