Group P6 recently obtained a $68.5 million construction loan to begin construction.
Located at the corner of Fifth Avenue and East Royal Palm Road in Boca Raton, Royal Palm Residences' fabulous nine-story, 48-residence condominium is expected to be delivered in 2022. “We are excited about this project and this brings us one step closer to completion,” said Ignacio Diaz, Managing Partner at Group P6. “Our pre-construction sales have exceeded expectations, especially considering the pandemic, and securing this loan helps continue the momentum.”
Royal Palm Residences is over 40% sold, with remaining residences starting at $1.9 million. The three to five-bedroom residences range from 2,425 to 7,168 square feet. Each residence will have 270 degrees of natural light, dual-entry private elevator access directly into the unit, European kitchens and top of the line appliances, including Wolf gas barbecues built into large outdoor terraces.
Award-winning Boca Raton-based design firm RLC ARCHITECTS designed Royal Palm Residences, their first project working for Group P6, and world-renowned Suffolk Construction will be the project’s general contractor.
For more information about Royal Palm Residences or to schedule a private showing at the project, call 561-948-4051 or visit www.rpresidences.com.
