Eden condo in Boca gets new owner who promises to finish construction

Article Courtesy of The Palm Beach Post

By Angel Streeter

Published March 9, 2010


The Eden Condominium, a high-profile eyesore and long-festering annoyance for unit owners and Boca Raton officials, finally might be on its way to completion.


Priderock Capital Partners of West Palm Beach has bought the property from Ceebraid-Signal Corp., brokerage Apartment Realty Advisors said this morning. The deal was arranged by brokers Hampton Beebe, Avery Klann and Marc deBaptiste.


“This property will be completed and marketed as the standard of luxury rental living in Boca Raton,” Beebe said in a statement.  “Priderock has approved plans in place for an extensive rehab, including completing the clubhouse and re-construction of the unfinished apartment buildings.”No price has been recorded yet. Eden was the rare condo project that fell apart amid the boom. Construction there has been stalled for years.


Last year, Florida Attorney General Bill McCollum accused Ceebraid-Signal of using “deceptive and unfair” tactics to sell units at Eden. From 2003 through 2006, Ceebraid

-Signal sold condos at the 204-unit project at 300 W. Palmetto Park Road and 301 S.W. First St. in Boca Raton.


Ceebraid-Signal completed only two of the four buildings it proposed and closed on only 27 units. Two of the complex’s buildings are hulking shells that have sat empty for years, and a clubhouse, pool and garden were never completed.

Developers, investment firm plan to buy Eden condos in Boca Raton