Some more headlines out of the Boca area about the $100M +/- development. Before all the layoffs it was the intent to "force" 200 NY Based employees to move to Boca. Now with the layoffs, and the sale of 320 Park Ave, it looks like Corporate Brass are all in ready to go on a DOGE spending spree in Trump's neck of the woods.
Here is the update below:
"The New York-based provider of life insurance and retirement plan management filed an application with city officials in June concerning its 11.7-acre property at 1150 Broken Sound Parkway, located in the Park at Broken Sound business park and golf course. According the application, Mutual of America already has about 200 employees there, making it its largest office outside of its Manhattan headquarters.
The 76,761-square-foot office in Boca Raton was built in 1984. Mutual of America bought the property in 1987, and it’s ready for a larger and more modern space.
The company would demolish its existing office and build a 158,185-square-foot office building in six stories, plus a six-story parking deck to eliminate the need for much of the surface parking and free up more green space on the site for trails and landscaping.
“This new building would create a modern office that would attract top local talent and would also allow for the relocation of an additional 200 employees to Boca Raton from its headquarters,” the company stated in the application.
Mutual of America hired Coconut Creek-based Butters Construction & Development to build the office as a fee developer, CEO Malcolm Butters said. The company selected Boca Raton over its Arizona location for the expansion, he added.
“It’s going to be like the new Starwood [Capital] headquarters in Miami Beach with the balconies, the rooftop gardens and big windows,” Butters said. “Today, the new building with all the amenities and natural light and healthy AC are leasing.”
The new office would feature open air and outdoor collaboration areas, a fitness center for employees, on-site food service in a dining hall, conference rooms, event spaces, and a rooftop terrace with a garden. The site would have 534 parking spaces, including 11 for electric vehicle charging.
The application stated the project would be LEED certified for environmental building standards.
Butters said the building complies with the current zoning of the site, but the company needs approval for a bit more height on the building to include the rooftop garden.
Miami-based Arquitectonica designed the building. Mutual of America is also working with local attorney David Milledge and North Palm Beach-based planning firm Smiley & Associates."