Group P6 launches new luxury condo development in Boca Raton

by Kerrie Kennedy

South Florida developer Group P6 has launched sales of Royal Palm Residences in Boca Raton, a nine-story, 48-unit condominium expected to be delivered in 2022.

Located at the corner of Fifth Avenue and East Royal Palm Road, the building offers panoramic views of the Boca Raton Resort & Club, the Atlantic Ocean and what will be a six-acre waterfront park to be built just outside the building’s front lobby.

According to the project’s developers, Royal Palm Residences will address an increasing demand for luxury condos in downtown Boca Raton — both from high-tax state residents seeking to relocate to Florida and people living in country club communities seeking to downgrade their responsibilities.

“Boca Raton buyers expect unparalleled design quality and world-class amenities when choosing a luxury building in downtown Boca and we plan for Royal Palm Residences to not only meet, but exceed those expectations,” said Ignacio Diaz, managing partner at Group P6. “

Royal Palm Residences will offer 3-bedroom to 5-bedroom units — including six penthouses — ranging from 2,425 to 7,168 square feet. Prices start at $1.75 million.

Boca Raton-based design firm RLC Architects designed Royal Palm Residences, and Suffolk Construction will be the project’s general contractor. One Sotheby’s International Realty will be in charge of sales and marketing for the project.

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