Boca’s Economic Development Report

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By: Jessica Del Vecchio Economic Development Manager Special to the Boca and Delray newspapers

Partnerships at the Boca Raton Airport

The Office of Economic Development recently partnered with private aviation company, Privaira. The Office’s new City Magazine will be on all of Privaira’s national and international flights. In addition to being on-board, our magazine will also be in the guest lounges of Signature Flight Support and Atlantic Aviation, also based at the Boca Airport. These partnerships give us the opportunity to help spread the good Boca word to the national and international traveler.

To see a digital version of our new publication, go to https://issuu.com/jespublishing/docs/cityofbocapublication/1?ff=true

Business Briefs:

Hair Club for Men is moving its corporate headquarters, along with their 120 employees to the Palmetto Place building located at Palmetto Park Road and I-95. The relocation is slated for November 2018.

4Ocean is on a mission to remove trash and plastic from the ocean and coastlines across the globe. The company launched two short years ago and have experienced rapid growth and tremendous success.  This month they received some well-deserved coverage on the Today Show.

With approximately $300 million in total revenue, Boca-based Red Hawk Fire and Security acquired Security and Data Technologies.

The 171,489-square-foot campus-like building on Yamato Road, that sits on 10 acres and is home to ADT, sold for $42 million.

Allure Boca – the newly constructed 282 unit apartment community (with a 10,500 square-foot-retail component) that sits on 14 acres within the Park at Broken Sound has sold for $92 million – equating to $327,000 a door.

The 50,671 square-foot-office building at 1750 Clint Moore Road has sold for $13 million. The building, which sits on 5 acres, last traded in 2013 for $12.7 million.

Boca Ranks in the Top Ten for Best Beach Towns

Financial firm WalletHub analyzed 205 cities across the country and compared metrics including: economy, education, health, quality of life, safety and overall weather.  Boca ranks in the top 10 as one of the Best Beach Towns to Live – coming in at No. 7

Finalist in HGTV’s Ultimate House Hunt

In economic development we work primarily with the corporate community— but when we were invited to tour one of the finalist mansions in HGTV’s “Ultimate House Hunt” we jumped at the chance.

The $11.5 million Boca waterfront mansion has 6 bedrooms, 8 bathrooms and is the only South Florida home to make it to the finals.

Have corporate news to share or looking to relocate/expand your company to Boca Raton? Contact the city’s Office of Economic Development at economicdevelopment@myboca.us or 561-393-7761. Want to see what we are up to? Follow us on Facebook @BocaEconomicDevelopment.