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Luxury project The Monarch Boca Raton is on track to break ground this summer

From a developer with a portfolio that includes NYC’s Plaza Hotel

The Monarch Boca Raton/Facebook

Demolition is set to begin on a new luxury development in downtown Boca Raton. New York-based developer Elad Group, with a portfolio that includes NYC’s famed Plaza Hotel, announced this week that this will clear the way for the project to break ground in the summer of 2018.

“The demolition process marks an important milestone in our journey to bring this landmark project to the Boca Raton market,” said CEO of Elad Group Yoel Shargian said in a press release. “After working collaboratively with the City of Boca Raton and its community members to create a plan for this unique development, we are eager and enthusiastic to bring this project to market over the next few months.”

Other new luxury projects in Boca include 327 Royal Palm and 475 Royal Palm.