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