Is BRiC Boca Raton's New Downtown? What Buyers Should Know
BRiC could become a second downtown for Boca Raton. Nothing is filed yet. Related Ross closed on the Boca Raton Innovation Campus on Sep. 10, 2026. The firm says it will keep BRiC running as an office and tech campus. No site plan, rezoning or timeline has been filed.
What is BRiC in Boca Raton?
BRiC is the former IBM campus off Yamato Road at 5000 T-Rex Ave. It covers about 124 acres. It holds more than 1.7 million square feet of office and R&D space. IBM built it in the late 1960s. Marcel Breuer designed it. The IBM PC was born there.
Who bought BRiC, and for how much?
Related Ross bought it. Stephen Ross's firm is based in West Palm Beach. This is its first Boca Raton property. The purchase price has not been made public. You may see $463.8 million or about $300 million in the news. Those figures describe the Ares loan, not the price.
What could be built at BRiC?
The site is entitled for up to 1,243 homes. It also allows a 140-room hotel. Retail can reach 125,000 square feet, with a 40,000-square-foot grocery. Medical office can reach 85,000 square feet. An entertainment venue of 55,000 square feet is allowed too. The prior owner, CP Group, won these approvals. They show what is allowed. They are not a Related Ross plan.
Which companies are moving to BRiC?
D-Wave Quantum is moving its headquarters and U.S. R&D to Boca Raton. The city incentive ties to 100 full-time jobs over five years. Those jobs must average $125,000 or more. FAU is installing a D-Wave quantum computer. Related Ross has also hinted at another tenant. No name has been released.
What is North 40?
North 40 is two office buildings across Yamato Road from BRiC. Related Ross paid $64 million for them in October. The two sites total more than 147 acres. No plans have been announced for North 40.
Will BRiC raise home values near Yamato Road?
No one can price that in yet. Entitlements are not construction. Still, high-wage jobs and a Tri-Rail stop add appeal. Watch the Spanish River area, Boca Square and Bocaire. Watch Broken Sound, Boca Pointe and the condos near Congress Avenue. Sellers there can list BRiC as a nearby draw.
How does BRiC compare to Mizner Park?
Mizner Park is built, walkable and proven. BRiC is entitled, not built. If retail, a grocery and a hotel arrive, north Boca gets its own hub. Related Ross built The Square in West Palm Beach. That record is why the market is paying attention.
Can I visit BRiC this weekend?
Yes. Cars & Coffee Palm Beach holds its 13th anniversary show there on Sunday, Nov. 1. It runs 8 AM to noon. Spectators get in free. Clocks fall back that morning. The Sunday Boca Farmers Market also meets at BRiC.
FAQ
Is BRiC in Broken Sound? No. It sits east of the Park at Broken Sound, beside I-95.
Has Related Ross filed plans for BRiC? No. No site plan or rezoning had been filed as of Oct. 29.
Is there transit near BRiC? Yes. The Boca Raton Tri-Rail station is next door, with free shuttles.
Is the 1,243-home number a Related Ross plan? No. Those rights came from the prior owner.
I'm Josh Grant, an eXp Realty agent in Boca Raton and Delray Beach. I track BRiC for buyers across Palm Beach County. Want a home near the next Boca hub? Call or text me at 954-817-9463.
Is BRiC Boca Raton's New Downtown? What Buyers Should Know
BRiC could become a second downtown for Boca Raton. Nothing is filed yet. Related Ross closed on the Boca Raton Innovation Campus on Sep. 10, 2026. The firm says it will keep BRiC running as an office and tech campus. No site plan, rezoning or timeline has been filed.
What is BRiC in Boca Raton?
BRiC is the former IBM campus off Yamato Road at 5000 T-Rex Ave. It covers about 124 acres. It holds more than 1.7 million square feet of office and R&D space. IBM built it in the late 1960s. Marcel Breuer designed it. The IBM PC was born there.
Who bought BRiC, and for how much?
Related Ross bought it. Stephen Ross's firm is based in West Palm Beach. This is its first Boca Raton property. The purchase price has not been made public. You may see $463.8 million or about $300 million in the news. Those figures describe the Ares loan, not the price.
What could be built at BRiC?
The site is entitled for up to 1,243 homes. It also allows a 140-room hotel. Retail can reach 125,000 square feet, with a 40,000-square-foot grocery. Medical office can reach 85,000 square feet. An entertainment venue of 55,000 square feet is allowed too. The prior owner, CP Group, won these approvals. They show what is allowed. They are not a Related Ross plan.
Which companies are moving to BRiC?
D-Wave Quantum is moving its headquarters and U.S. R&D to Boca Raton. The city incentive ties to 100 full-time jobs over five years. Those jobs must average $125,000 or more. FAU is installing a D-Wave quantum computer. Related Ross has also hinted at another tenant. No name has been released.
What is North 40?
North 40 is two office buildings across Yamato Road from BRiC. Related Ross paid $64 million for them in October. The two sites total more than 147 acres. No plans have been announced for North 40.
Will BRiC raise home values near Yamato Road?
No one can price that in yet. Entitlements are not construction. Still, high-wage jobs and a Tri-Rail stop add appeal. Watch the Spanish River area, Boca Square and Bocaire. Watch Broken Sound, Boca Pointe and the condos near Congress Avenue. Sellers there can list BRiC as a nearby draw.
How does BRiC compare to Mizner Park?
Mizner Park is built, walkable and proven. BRiC is entitled, not built. If retail, a grocery and a hotel arrive, north Boca gets its own hub. Related Ross built The Square in West Palm Beach. That record is why the market is paying attention.
Can I visit BRiC this weekend?
Yes. Cars & Coffee Palm Beach holds its 13th anniversary show there on Sunday, Nov. 1. It runs 8 AM to noon. Spectators get in free. Clocks fall back that morning. The Sunday Boca Farmers Market also meets at BRiC.
FAQ
Is BRiC in Broken Sound? No. It sits east of the Park at Broken Sound, beside I-95.
Has Related Ross filed plans for BRiC? No. No site plan or rezoning had been filed as of Oct. 29.
Is there transit near BRiC? Yes. The Boca Raton Tri-Rail station is next door, with free shuttles.
Is the 1,243-home number a Related Ross plan? No. Those rights came from the prior owner.
I'm Josh Grant, an eXp Realty agent in Boca Raton and Delray Beach. I track BRiC for buyers across Palm Beach County. Want a home near the next Boca hub? Call or text me at 954-817-9463.
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Josh Grant
Office: eXp Realty in Palm Beach Florida and Greater Fort Lauderdale
Phone: 954-817-9463
Email Me: justjoshgrant@gmail.com
Designated Managing Broker: Ann Shahin
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Josh Grant
Office: eXp Realty in Palm Beach Florida and Greater Fort Lauderdale
Phone: 954-817-9463
Email Me: justjoshgrant@gmail.com
Designated Managing Broker: Ann Shahin
MLS Disclaimer:
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS.
Real estate listings held by brokerage firms other than eXp Realty may be marked with the IDX / BMLS logo. Detailed information about those properties includes the name of the listing firm (and an email or phone number provided by the listing firm) when required by the MLS.
Property search and live listing data are provided on the eXp Realty BoldTrail IDX site (justjoshgrant.exprealty.com). That platform refreshes MLS data automatically and displays the current Data Last Updated timestamp. This marketing site does not use a static feed date.
IDX Disclaimer:
See MLS Disclaimer above for BeachesMLS IDX attribution and use restrictions. Live listing refresh timestamps appear on justjoshgrant.exprealty.com.
