Erickson Senior Living acquired a development site in the Agricultural Reserve west of Boynton Beach for $53.5 million. Erickson started the rezoning process for the property in 2022. It’s currently pending approval for 1,262 senior living/nursing home units in six buildings, ranging from three to four stories.

The William Mazzoni Revocable Trust sold 93.5 acres at 8344 Boynton Beach Blvd. to Erickson. The farmland is just west of Florida’s Turnpike.

Jim Knight of the Knight Group in Delray Beach and Curtis Olschansky of the Olschansky Group brokered the deal.

Erickson Senior Living is in the midst of a $4 billion national expansion announced in 2023. The company plans to build retirement communities across the nation to cater to retiring baby boomers looking to downsize. Its website says its in-house team oversees every phase of development—from land acquisition to planning and design through construction and beyond.