Spotlight • October 2019 October 2019 • Spotlight30 31

Why are so many people flocking to Boca? That was The Big Question posed by Jonathan J. Miller, president/CEO of Miller Samuel Real Estate Appraisers.

A panel of experts cited tax advantages and Boca’s steadi-ly growing property values among the reasons at Penn Florida’s The Residences at Mandarin Oriental Boca Ra-ton sales center Wednesday.

“We think this is just the tip of the iceberg. We have a relocation division and the phone has been ringing off the hook,” said Jay Phillip Parker, CEO, Douglas Elliman Florida Brokerage.

“We are ramping up to meet the demand,” added Rochelle LeCavalier, vice president of sales, The Residences at Man-darin Oriental Boca Raton.

EC0000103

Sales Install ServiceO�ce: 954-214-7908

Cell: 954-214-8159

NEVER FEELPOWERLESS AGAIN

BRITEElectric

"Dear Sid, I want to thank you and Brian for the excellent work done by you and your team

to get our generator installed. Brite Electric was professional, e�cient, and extremely

competent in getting the work done. Your extra push in getting the Palm Beach County

administrators to approve the work was particularly appreciated. Their approval was swift,

and they found no areas requiring re-do. We especially appreciate the after care support

by Brian and you. You answer our calls 7 days a week and at all hours. That means a lot to

us. We have recommended your company to several of our friends and we hope this

results in additional well-deserved business for you and your team. We would be happy to

serve as a reference for your company. Thanks again, Stuart and Priscilla Sager"

RESIDENT TESTIMONIAL!ADDISON RESIDENT, STUART AND PRISCILLA SAGER

She particularly cited real estate appreciation as an attraction. “There’s no sign of slowing,” she said.

“This is the perfect storm of opportunity,” Parker said. “I’m very bullish.”

Who’s looking? “New Yorkers are the new ‘foreign’ buyers,” Parker said. “They believe the market values are going up. If we compare a luxury product in New York, Florida is a third of the cost.”

“Young affluent athletes,” some not with Florida teams, LeCav-alier said. They want fami-ly-friendly and good schools.

The city is taking this influx seriously and constantly working on infrastructure, said Jessica Del Vecchio, the city’s economic develop-ment manager.

AT MANDARIN ORIENTAL BOCA RATON

Rochelle LeCavalierparticpates in Panel Discussion at

Penn Florida’s The Residences

Spotlight • October 2019 October 2019 • Spotlight32 33

@spotlight.royalpalm!Please follow Spotlight on

Instagram and tag us in your local relevant stories and

photos to share!

FOLLOW US ONINSTAGRAM

FREE INTRODUCTORY

STRETCH

STRETCH FOR A BETTER LIFE!

StretchZone.com | BocaStretch@outlook.com3640 N Federal Hwy, Lighthouse Point | 754-666-4725

“People want to be where the action is,” Miller said about the new attraction to city centers rather than suburbs.

They want to avoid a commute, live near or Uber to their workplace and even work remotely, panelists agreed.

“We’re seeing that shift now to tele-commuting,” Del Vecchio said. “Boca’s on top of that and factors it into relocation,” she added about courting business headquarters.

“People are asking for workspace in their home,” LeCavalier agreed.

Frank Weed, Penn-Florida’s VP for development and construction, intro-duced the panel. CPA and tax manag-er Michael Kravitz advised potential buyers the steps to take to become Florida residents.

B E A D I F F E R E N C E M A K E R .

I N C M A G A Z I N E

F O R T U N E

E N T R E P R E N E U R

O U T S I D E M A G A Z I N E

recognized by