Mr. C Boca Condo Project Seeks Unit Reduction
Developers aim to modify the luxury residential building plan to increase unit size and decrease total inventory.
Updated on Oct. 26, 2026 in Commercial
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Wexford Real Estate Investors and Key International are requesting city approval to reduce the unit count at their Mr. C Boca condo development from 190 to 133. The developers intend to use the extra space to increase the size of the 12-story building and its parking garage.
Why it matters
The proposal aims to align the property at 41 Southeast 4th Street with the developers' updated upscale vision for the site. This shift follows strong early demand, with half of the available units reportedly sold within the first six months of sales.
The 12-story development spans 2.1 acres and features units starting at approximately $2.2 million. Wexford Real Estate Investors and Key International originally purchased the property for $25.5 million in 2023.
The players
Wexford Real Estate Investors
This investment firm is a co-developer of the Mr. C Boca condo project.
Key International
Key International is a real estate investment and development firm involved in the luxury condominium project.
Arquitectonica
This architecture firm is responsible for the design of the 12-story Mr. C Boca building.
Boca Raton Community Redevelopment Agency
This city agency holds the authority to vote on land development proposals within the district.
The details
The project is designed by Arquitectonica and currently operates under a partnership with the Mr. C brand established in January 2026. The developers seek to adjust the scale of the structure to better accommodate the luxury specifications of the remaining units.
Timeline
Developers purchased the 41 Southeast 4th Street property for $25.5 million in 2023.
The partnership with the Mr. C brand was formally announced in January 2026.
The Boca Raton Community Redevelopment Agency is scheduled to vote on the proposal on October 26, 2026.
Culture Shift
The move toward larger, fewer units reflects a broader luxury market trend prioritizing exclusivity over density in urban redevelopment. This strategy mirrors a shift in local upscale development patterns where developers re-evaluate initial blueprints to capture higher price points.
The proposed unit reduction may influence the long-term density and traffic load for residents living near the 4th Street corridor. Potential buyers should note that changes to the building size could impact total inventory availability and future project delivery timelines.
The takeaway
The move to reduce unit density highlights the importance of market flexibility in high-end real estate projects. Buyers interested in luxury units should monitor agency approvals, as these adjustments can significantly shift project timelines and unit availability.
Further reading
For more on property developments in the area, see Boca Raton Commercial.
Source note: This article includes information reported by The Real Deal New York.
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