A long-planned, eight-story transit-oriented development is now under construction next to the Boca Raton Tri-Rail station, bringing 340 apartments, retail space, and a major parking component to the Yamato Road station area.
Tri-Rail’s executive director is stepping down as the agency warns it has funding to keep trains running only through June 2027 and considers a potential fare increase later this year.
A joint venture between 13th Floor Investments and Rockpoint says it has secured a $100 million construction loan to build an eight-story, transit-oriented project with 340 apartments and ground-floor retail next to the Boca Raton Tri-Rail station.
Tri-Rail passed 4.5 million rides in calendar year 2025, setting a new ridership record for the South Florida commuter rail system, according to the South Florida Regional Transportation Authority.