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Boynton Beach Today
By the People, for the People
Hyperion, Silverstein and Winter Secure $108M Loan for Ocean One in Boynton Beach
The development team lined up major financing for the 371-unit luxury multifamily project.
Published on Mar. 5, 2026
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A development team led by Hyperion Group, Silverstein Properties and Winter Properties has secured a $108 million construction loan from Madison Capital and an equity placement arranged by Newmark to move forward with Ocean One, a planned 371-unit luxury multifamily community in Boynton Beach, Florida. The financing will support the eight-story building's residential units, amenities, and ground-floor retail.
Why it matters
The Ocean One project represents a significant investment in Boynton Beach's growing multifamily market, providing new high-end rental housing options in Central Palm Beach County. The development's mix of unit types, amenities, and street-level commercial space is designed to appeal to a range of renter households and contribute to the area's ongoing revitalization.
The details
The $108 million construction loan from Madison Capital, along with the equity placement arranged by Newmark, will enable the development team to advance Ocean One from the predevelopment stage into active construction. The eight-story building will offer a mix of junior one-bedroom, one-bedroom, and two-bedroom apartments across 371 units. Planned amenities include a pool, spa, fitness center, pickleball court, co-working spaces, and a sports simulator. Ground-floor retail space will also be incorporated into the design by architecture firm Arquitectonica.
- The financing package was secured in March 2026.
The players
Hyperion Group
A real estate development firm leading the Ocean One project.
Silverstein Properties
A real estate investment and development company partnering on the Ocean One project.
Winter Properties
A real estate investment and development firm involved in the Ocean One project.
Madison Capital
The lender providing the $108 million construction loan for the Ocean One development.
Newmark
The real estate services firm that arranged the equity placement and construction loan for the Ocean One project.
What’s next
With the financing in place, the development team can now proceed with breaking ground and beginning construction on the Ocean One project.
The takeaway
The Ocean One development represents a significant investment in Boynton Beach's growing multifamily market, providing new high-end rental housing options and contributing to the area's ongoing revitalization through a mix of residential, amenity, and commercial spaces.
