In December 2023, Pennsylvania-based Toll Brothers purchased an 11-acre site for $8.5 million. Less than a year later, the developer has plans for a single-family development known as “Layton Pointe”.
In 2021, Florida YIMBY reported on the first phase of Atlantic Crossing, a mixed-use venture that offers apartments, office space, and retail ventures. Now, we’ve learned that Ohio-based Edwards Cos. has broken ground on the venture’s second phase in Delray Beach.
Locally based Seaside Builders has proposed a high-end housing development in Delray Beach. The Tropics of Delray would offer a total of 34 units: 16 condos in a four-story building and 18 townhomes divided between three six-story buildings.
Pebb Capital has secured a $173 million construction loan from Monroe Capital & J.P. Morgan for Sundy Village, a mixed-use development spanning approximately seven acres in the heart of Downtown Delray Beach. Following its groundbreaking in early 2023 and with delivery anticipated for summer 2024, this announcement marks another milestone for what will be the most unique, fully-amenitized lifestyle destination in the Atlantic Avenue District.
In response to increasing demand for rental housing among South Florida’s active-adult community (ages 55+), 13th Floor Homes, a division of 13th Floor Investments, has secured $14.1 million in construction financing for Solera at Avalon Trails. This community features 74 single-story villas and is located at 14800 Cumberland Drive in Delray Beach, Palm Beach County, Florida. The financing, led by the Canadian Imperial Bank of Commerce (CIBC), will support ongoing construction, set to begin in late 2023, with the first villas delivered in 2024.
