Construction is advancing on Glass House Boca Raton after the boutique residential development secured $70 million in construction financing from Maxim Capital, marking a major milestone for the downtown Boca Raton project.
The loan, brokered by Arrow Real Estate Advisors, will support the nine-story condominium’s vertical construction phase as the project moves toward its projected late-2027 completion. Arrow’s Morris Betesh, founder and managing partner, along with senior vice president Morris Dabbah and associate Louis Halperin, arranged the financing.
Developed by 280 E Palmetto Park Road LLC and led by CEO and partner Noam Ziv, Glass House Boca Raton is positioned as the first modern glass residential building in the heart of downtown Boca Raton. The construction loan refinances the project’s early-stage funding and supports the next stage of development following the completion of foundation work, including auger cast pile drilling and excavation.
Vertical construction is expected to begin in the second quarter of 2026.
“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,” Ziv said in a statement. “This financing will propel Glass House toward completion and solidify its position as a luxury icon in the heart of Boca Raton.”
The development will feature 28 luxury residences ranging from approximately 2,500 to nearly 3,900 square feet, with pricing from $2.7 million to more than $8 million. Sales have already surpassed one-third of the building’s inventory.
Planned amenities include a rooftop pool deck with ocean and Intracoastal views, a fitness center with wellness facilities, resident lounge spaces, and underground parking with EV-ready capabilities.
