It’s a trend you’ve probably heard of or seen with your very own eyes: the conversion of shopping malls, old office spaces, and old stores into brand-new mixed-use spaces.
In 1967, IBM opened a large-scale manufacturing plant known as it’s North American Research and Development Facility. It was in Boca Raton, with more than 40 buildings at 3.6 million square feet.
“It was originally developed by IBM and then abandoned by them in the early 80’s for economic reasons. And over the succeeding decades became really run down,” shares Angelo Bianco, Managing Partner of Crocker Partners Group, otherwise known as CP Group.
Back in 2017 when the Boca Raton property went for sale, they asked themselves what this old office space could eventually be.
Bianco asks, “Why don’t we have a center in the Southeast United States for tech and life sciences? I looked around and we didn’t. And, I said ‘were going to build one here’. And …