Boca Raton Approves New Hotel and Retail Space Near Mizner Park

The 12-story development will replace an aging shopping plaza and require several businesses to relocate.

Apr. 2, 2026 at 1:55pm

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A high-end, photorealistic studio still-life photograph featuring a collection of elegant, geometric architectural models and miniature retail displays arranged on a clean, monochromatic background, conceptually representing the abstract ideas of urban redevelopment and the evolution of downtown districts.A conceptual still life representing the redevelopment of Boca Raton's downtown district with a new hotel and retail space near the iconic Mizner Park.Boca Raton Today

The Boca Raton Community Redevelopment Agency has approved a new 12-story hotel and retail project that will replace an aging shopping plaza near the city's Mizner Park area. The project, led by local real estate firm Investments Limited, will include 219 hotel rooms, a parking structure, and 30,804 square feet of restaurant and retail space. While some existing businesses in the plaza will have to relocate, the developers say they will work with them in a 'gentle and slow' manner to find new nearby locations.

Why it matters

This project is part of Boca Raton's ongoing efforts to redevelop and revitalize its downtown district around the popular Mizner Park area. While some residents have raised concerns about the project adding more traffic and impacting nearby properties, the city has approved it as a permitted use that aligns with the area's zoning and development plans.

The details

The new mixed-use development will be built on a 1.65-acre lot currently occupied by the Mizner Plaza shopping center, as well as the nearby U.S. Postal Service building. In addition to the 219 hotel rooms across two towers, the project will include a parking structure and 30,804 square feet of restaurant and retail space on the first, second, and 12th floors. Existing businesses in the plaza, such as Poke Jay restaurant, will have to relocate, but the developers say they will work with them to find new nearby spaces.

  • The Boca Raton Community Redevelopment Agency approved the project on March 23, 2026.
  • There is no set date yet for the start of construction on the new development.

The players

Investments Limited

A real estate agency headquartered in Boca Raton for more than 30 years that is leading the development project.

Marta Batmasian

The longtime Boca Raton property owner and cofounder of Investments Limited.

Jirat 'Jay' Suphrom-in

The owner of the Poke Jay restaurant, which has been located in the Mizner Plaza shopping center for about eight years.

Andy Thomson

The new mayor of Boca Raton who serves on the city's Community Redevelopment Agency board.

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What they’re saying

“If anything is going to happen, it won't happen today or tomorrow.”

— Jirat 'Jay' Suphrom-in, Owner, Poke Jay restaurant

“This is America, and in a free-market society like ours, the owner gets to decide the use of their property so long as it's within the code that the city has. And a hotel is a permitted use in this part of town.”

— Andy Thomson, Mayor, Boca Raton

What’s next

The next step for the project is for the developers to obtain the necessary permits before demolition and construction can begin. The relocation plans for the existing businesses in the Mizner Plaza shopping center also need to be finalized.

The takeaway

This hotel and retail development is part of Boca Raton's ongoing efforts to revitalize its downtown area around the popular Mizner Park destination. While some residents have raised concerns, the city has approved the project as a permitted use that aligns with the area's zoning and development plans, signaling the continued growth and evolution of this South Florida community.