Chasen Companies and ASG Development won approval from Boca Raton for their planned Glass House condos.
Groundbreaking for the nine-story, 28-unit project at 280 East Palmetto Park Road is slated for early 2025, according to a press release. Douglas Elliman Development Marketing is leading sales for Glass House, which launched in February with prices ranging from $2.5 million to $6.9 million.
The condos will have two to four bedrooms and will span 2,500 square feet to 4,000 square feet, the release shows. Amenities in the project will include a fitness center, rooftop pool, spa facilities and a resident lounge.
Baltimore-based Chasen Companies, led by CEO Brandon Chasen, and Adam Gottbetter’s ASG Development are also offering to cover buyers’ initiation fees at the nearby private club the Boca Raton (previously called the Boca Raton Resort & Club). The developers are also covering the first year of membership fees to the concierge medical service Sollis. New York City-based developer Savanna has a similar offering to buyers at its planned Olara tower in West Palm Beach. The services are part of a growing trend of developers providing medical and wellness services to woo South Florida buyers.
Glass House marks Chasen’s first project in South Florida. His company owns properties in Tallahassee and Newport News, Virginia, but the bulk of his portfolio is in Maryland. Chasen had ambitions to expand his company nationally, but is now facing millions in lawsuits from contractors alleging he stiffed them on payments, according to reporting by the Baltimore Banner.
Gottbetter had invested with Chasen on other projects before joining him as a partner in Glass House. He launched ASG in Boca Raton after being convicted of conspiracy to commit securities fraud in 2015, according to published reports. He was sentenced to 18 months in prison and paid a $4.6 million fine.
The partners acquired the 0.7-acre Glass House site for $9.8 million in 2023, property records show.
