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Richman Lands $57M Financing for Boca Raton MF Development

Greenwich, CT-based The Richman Group Development Corp. secured $57.41 million in financing to develop Residences at Boca Dunes, a 354-unit apartment community in Boca Raton. The funding was provided by PNC Bank.

Richman Boca Development Partners, an affiliate of Richman Group Development Corp., plans to develop the 55.7-acre site at a new street address of 9260 Boca Vue Dr. The community will encompass 15 buildings, covered parking and a pool.

The property is part of the 112.3-acre Boca Dunes golf course, which is considering building a new clubhouse. Richman had acquired the land for $12.51 million in 2019. The firm is no stranger to South Florida, where one of its latest developments was [email protected] Edgewater (pictured), a luxury community in Miami’s popular Edgewater neighborhood.

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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.

  • ◦Financing
  • ◦Development
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