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Compass Boca Raton

101 N Federal Highway, Fifth Floor

Boca Raton, FL 33432

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Tower 475 Boca Raton

A Boca Raton board on Monday approved a plan for nine-story condominium towers near the Intracoastal Waterway in downtown Boca Raton.

The proposed project is from Venezuelan developers who have built luxury condos throughout Broward and Palm Beach counties.

Dubbed 475 Royal Palm, the planned condo complex and accompanying underground parking garage will be built on an office complex on Palmetto Park Road and Southeast Fifth Avenue, just west of the waterfront Silver Palm Park.

Boca Raton’s Community Redevelopment Agency praised the development as a beautiful addition to downtown Boca Raton, although one member - Councilwoman Andrea O’Rourke - approved the project with reservations about parking and the addition of students to Boca Raton’s already crowded schools.