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Glass House Boca Raton Secures $70 Million Construction Financing from Maxim Capital

By March 4, 2026March 9th, 2026No Comments

Exclusive Downtown Boca Raton Development Reaches Major Milestone as Construction Advances on the City’s First Modern Glass Building

Developer 280 E Palmetto Park Road LLC’s Glass House Boca Raton, the first modern glass building in the heart of downtown Boca Raton, has secured $70 million in construction financing from Maxim Capital. The transaction was brokered by Arrow Real Estate Advisors, a premier real estate finance advisory firm. The nine-story residential development is slated for completion in late 2027.

Arrow Real Estate Advisors’ Morris Betesh, founder and managing partner; Morris Dabbah, senior vice president; and Louis Halperin, associate, helped to secure the loan.

Following its April 2025 groundbreaking, Glass House Boca Raton has completed foundation work, including auger cast piles drilling and excavation. Vertical construction is anticipated to begin in Q2 2026. The $70 million construction loan refinances the project’s existing early work financing and will support Glass House through its vertical construction phase and completion.

The 28-residence luxury development at 280 E. Palmetto Park Road is under construction in downtown Boca Raton. Spearheaded by Noam Ziv, CEO and partner of 280 E Palmetto Park Road, LLC, the project remains on track for its projected timeline.

“We are very pleased to have secured this $70 million construction loan from Maxim Capital with the help of Arrow Real Estate Advisors for Glass House Boca Raton,” said Ziv. “This financing will propel Glass House toward completion and solidify its position as a luxury icon in the heart of Boca Raton.”

“We’re pleased to have successfully brokered this $70 million construction loan for Glass House Boca Raton,” said Betesh. “This financing positions the project for continued success as it moves into vertical construction and toward completion in 2027.”

Sales at Glass House Boca Raton have surpassed one-third sold, reflecting continued demand for the limited collection of boutique residences in downtown Boca Raton.

Measuring 2,504–3,865 square feet, the elegant and airy residences boast 9’1″ ceilings, private terraces ranging from 8–12 feet in depth, spa-inspired primary bathrooms with separate his and hers vanities, restrooms, and medicine cabinets, solid core wood entry doors with smart locking systems, and painted solid wood doors throughout the interior living areas and bedrooms. The smart home-ready residences feature a gourmet kitchen with European cabinetry, stone countertops, backsplash, and island, and a state-of-the-art appliance package, including an induction cooktop, speed oven, vacuum seal drawer, and a built-in wine cooler. Pets are allowed.

Glass House features 10th-level rooftop amenities with stunning ocean, Intracoastal, and golf course views. The rooftop deck features a pool, jacuzzi, private cabanas, an outdoor catering kitchen, a BBQ, and a lounge with a fire pit.

Additional amenities include a state-of-the-art fitness center with a recovery and stretching room, sauna, steam room, and experience shower. The resident-only “Palmetto Lounge” offers demitasse and a tranquil space to meet privately.

With a monitored entry, Glass House offers two levels of underground parking with two spaces per residence, EV charger-ready, air-conditioned storage, and a limited number of private two-car garages. Brightline’s Boca Raton station is less than one mile away.

Glass House is distinctly located less than one mile from the beach and is near top dining and shopping.

Glass House is offering owners a complimentary annual membership at emergency medical concierge, Sollis Health, subject to availability.

Glass House’s team of local visionaries includes renowned West Palm Beach architecture firm garciastromberg and Kaufman Lynn Construction is the general contractor for the project.

Pricing ranges from $2.7 million to over $8 million. For more information, call 561-232-2644. The sales gallery is located at 221 E Palmetto Park Road, Boca Raton, FL 33432.

About Glass House Boca Raton
The exclusive Glass House Boca Raton, the first modern glass building in downtown Boca Raton, is a 9-story intimate luxury residential development featuring 28 gracious two- to four-bedroom residences with rooftop amenities on the 10th level. Located in the heart of Boca Raton and less than one mile from the beach, it beckons with stunning ocean, Intracoastal and golf course views from the rooftop pool oasis. Developed by 280 E Palmetto Park Road, LLC, it boasts exquisite appointments and upscale amenities. Scheduled for completion in summer 2027, Glass House Boca Raton launched sales in February 2024. It is located at 280 E Palmetto Park Road, Boca Raton, FL 33432. The sales gallery is located at 221 E Palmetto Park Road, Boca Raton, FL 33432. For more information, please visit glasshouseboca.com, email info@glasshouseboca.com or call the sales gallery at 561.232.2644.

About Douglas Elliman Development Marketing (DEDM) 

Douglas Elliman Development Marketing, a division of Douglas Elliman Realty, offers unmatched expertise in sales, leasing, and marketing for new developments throughout New York City, Long Island, Westchester, New Jersey, Florida, California, Massachusetts, and Texas. The company’s new development hybrid platform matches highly experienced new development experts with skilled brokerage professionals who provide unparalleled expertise and real time market intelligence to its clients. The firm is heralded for its achievements in record-breaking sales throughout each of its regions. Drawing upon decades of experience and market-specific knowledge, Douglas Elliman Development Marketing offers a multidisciplinary approach that includes comprehensive in-house research, planning and design, marketing, and sales. Through a strategic global alliance with Knight Frank Residential, the world’s largest privately-owned property consultancy, the company markets properties to audiences in 58 countries, representing an over $87 billion global new development portfolio. https://www.elliman.com/marketing

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Five Things That Need to be in Your Resume or Cover Letter

To paraphrase Jerry Maguire, help us help you. As we sift through the paperwork, here’s what we are looking for:

1. What you love to do and why.

In PR, you may love writing, editing, interviewing, pitching the media, researching, coordinating events, networking, posting to social media … whew! While we would love it if you had a passion for it all, we’d never believe you if you said as much.

What part of this zany, crazy, whirlwind, yet meticulous, tedious, detail-oriented, profession calls to you and why? Help us make the connection as to how PR is really for you, and call it your Professional Summary.

2. Something you did that changed something or someone else.

If you never showed up to your last job, what wouldn’t have happened? That’s right. Erase yourself. Now which clients disappeared with you? Which articles just fade away? What press releases cease to exist? How much social media did NOT get liked?

We are just meeting you. So take a moment to spell out your impact, and it will be easier for us to see what you can do for the clients of Durée & Company. Share this under your Job Responsibilities.

3. Anything you created.

Feeling humble? Well, stop it. This is the part where you brag. If you craft a delightful blog, master a mind-blowing website, shoot crazy video or direct wonderful events, show us.

Then tell us a bit of how you did it, so we trust that it was your brilliance and not the intern’s. Let’s dub this Your Portfolio.

4. An indication of why you belong here.

At PR firm Durée & Company, we have a culture. Really, all companies do. To learn about ours, do some legwork. At this point, if you’re on our blog, you are in the right spot to begin learning. Hate pink? Not good with women? Live in Kansas? Low energy? Then you might want to reconsider applying. However, if we resemble a group that you’d like to hang out with, share why. You can do that in the Cover Letter.

5. Correctly spelled words – all of them.

Do more than hit spell check. Know how to spell or ask someone to proofread. Correctly spelled words work everywhere, all the time. Consider them the Little Black Dresses of resumes.

So consider these five tips – we’ve just given you a “cheat sheet” about what we’re watching out for. Even if our position may not be for you, feel free to use our advice for another – it may just get you the job!