Boca Raton Condo Project Proposes Design Changes
Developers seek to reduce the unit count by 57 in the Mr. C project, affecting potential inventory for luxury buyers.
Updated on Oct. 26, 2026 in Commercial
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Developers for the Mr. C Boca condo project are seeking city approval to reduce the total unit count from 190 to 133 while increasing the building size. The project, located at 41 Southeast 4th Street, has already seen half of its units sold since sales began.
Why it matters
This shift in scope aims to align the development with an upscale strategy, potentially impacting the local real estate inventory and density requirements. The proposal highlights how developers adjust luxury project designs to meet market demand as they navigate the approval process.
The proposed plan cuts 57 units from the original 190-unit design, leaving 133 condos starting at $2.2 million each. Half of the project units were sold within the first six months of sales.
The players
Wexford Real Estate Investors
A real estate development firm managing luxury residential projects.
Key International
An investment and development company focused on residential and commercial real estate.
Arquitectonica
An architecture and design firm known for modern building projects.
Boca Raton Community Redevelopment Agency
A municipal entity responsible for overseeing local development and urban improvement projects.
The details
Wexford Real Estate Investors and Key International, who purchased the site for $25.5 million in 2023, are proposing a larger 12-story building structure. By reducing the density of the 2.1-acre site, the developers look to reconfigure the interior layout and expand the parking capacity. The project, designed by Arquitectonica, seeks to finalize these design modifications following their January 2026 brand partnership announcement.
Timeline
Developers purchased the property for $25.5 million in 2023.
The partnership with the Mr. C brand was announced in January 2026.
The city Community Redevelopment Agency is scheduled to vote on the proposal on October 26, 2026.
Money Landscape
This move represents a strategic pivot in the high-end residential market to align building density with luxury service standards. It follows the broader trend of developers retooling major project footprints to optimize value in competitive urban real estate corridors.
Prospective buyers and local stakeholders should monitor the outcome of the agency vote as it determines the final scope and density of the luxury project. Those considering high-end property investments in the area should review the updated project specifications once the agency releases final approval documents.
The takeaway
The proposed changes to the Mr. C Boca project highlight the necessity of reviewing final developer site plans before making long-term real estate commitments. Investors should track the agency decision today to understand how it impacts potential building inventory and project timelines.
Further reading
Learn more about local market shifts at Commercial.
Source note: This article includes information reported by The Real Deal New York.
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