Ocean One is a transformative mixed-use development at 114-222 North Federal Highway in Downtown Boynton Beach, Florida, delivering 371 market-rate rental apartments alongside approximately 25,000 square feet of commercial and retail space across a 3.5-acre site, a 8-story building that broke ground in June 2026 and is set to finish in Mid 2028. Financed with $108M from Madison Realty Capital in March 2026.
Studio to two-bedroom rental residences of 551 to 1,209 square feet. A 3.71-acre site. Developed by Hyperion Group with equity partner Silverstein Properties and designed by Arquitectonica, the eight-story project pairs studios through two-bedroom residences with pedestrian plazas, outdoor dining, and resident amenities including a pool, fitness center, and pickleball court. Backed by a $108 million construction loan from Madison Realty Capital and roughly $11.5 million in Boynton Beach CRA tax-increment support, Ocean One is a cornerstone of the city's downtown revitalization along the Federal Highway corridor.
Ocean One breaks ground on North Federal Highway in downtown Boynton Beach, backed by a $108M Madison Realty Capital construction loan.
bocaratontribune.com$108M construction loan from Madison Realty Capital, arranged by Newmark with a JV equity placement.
connectcre.comBoynton Beach CRA lifts Ocean One tax increment financing to $11.5M, $2.5M above the May 2024 deal and reportedly its largest TIF award.
thecoastalstar.comOcean One unveiled, 371-unit, 8-story mixed-use project on N. Federal Highway, downtown Boynton Beach.
floridayimby.com- Fitness center
- Pickleball
- Pool
The outlook for Ocean One
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Companies and contacts
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Frequently asked
Where is Ocean One located?
Ocean One is located in Boynton Beach.
When will Ocean One be completed?
Ocean One is under construction, with completion expected in Mid 2028.
Who is developing Ocean One?
Hyperion Group & More is the developer behind Ocean One.
Who designed Ocean One?
Ocean One was designed by Arquitectonica.
How big is Ocean One?
Ocean One rises 8 stories with 371 residences.