Boca Raton, FL – April 4, 2012 – (RealEstateRama) — CBRE arranged the sale of the 5.78-acre site known as Palmetto Promenade to Archstone New Development Holdings for $20,125,000. The land, currently zoned as DDRI (Downtown District of Regional Impact and R1D/DDRI (Residential Downtown District of Regional Impact), was a bank-owned property.