Delray Beach

Pebb Capital Secures $173M Construction Loan For ‘Sundy Village’ At 22 W. Atlantic Avenue In Downtown Delray Beach

8:00 am on December 26, 2023 By Oscar Nunez

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.

13th Floor Homes Secures $14.1M Financing For Solera At Avalon Trails In Delray Beach

8:00 am on October 25, 2023 By Oscar Nunez

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.

ANF Group Tops Out The First Phase Of Parks At Delray At 2100 South Congress Avenue In Delray Beach, Florida

8:00 am on September 1, 2023 By Oscar Nunez

ANF Group, Inc., a full-service construction firm providing construction management, general contracting, development, and design-build services to the South Florida market, celebrated the topping out of the first phase of Parks at Delray, a mixed-use development located on 43 acres, featuring residential, retail and office space along Delray Beach’s Congress Avenue.

Grover Corlew Welcomes Now Optics To Delray Central Amidst Upcoming Mixed-Use Development

8:00 am on June 13, 2023 By Oscar Nunez

Grover Corlew, a South Florida-based real estate investment group, has announced the relocation of Now Optics to Delray Central. Now Optics, the parent company of leading affordable eyewear brands Stanton Optical and My Eyelab, has moved its headquarters to a 14,438-square-foot space at Delray Central, 1615 S. Congress Avenue. This site will also host a planned mixed-use development project, including Mayla Delray, an upscale 271-unit multifamily community with high-end lifestyle amenities.

Pebb Capital Breaks Ground on Sundy Village At 22 West Atlantic Avenue In Delray Beach

8:00 am on February 25, 2023 By Oscar Nunez

Real estate and private equity investment firm Pebb Capital has broken ground of Sundy Village. The milestone signifies the start of construction for the transformative mixed-use development located at the gateway of Downtown Delray Beach. On February 22, Pebb Capital, development partners, community members, and city officials gathered at the project site, 22 West Atlantic Avenue, for the official groundbreaking ceremony. Delray Beach Mayor Shelly Petrolia and Downtown Development Authority Executive Director Laura Simon were special guests at the ceremony. Bluewater Builders will serve as the general contractor, with delivery anticipated for the summer of 2024.

Developers Propose Alexan Delray at 1155 South Congress Avenue, Delray Beach, Florida

7:00 am on December 29, 2022 By Colt Dodd

Alexan Delray could soon call Palm Beach County, Florida, home. The multifamily community would offer 267 units on a mostly vacant 6.74-acre plot. The homes would be spread across two five-story buildings.

Grover Corlew Proposes 271-Unit Mayla Delray For 1625 South Congress Avenue in Delray Beach

8:00 am on August 7, 2022 By Oscar Nunez

Boca Raton-based Grover Corlew wants to build a 271-unit residential development at 1625 South Congress Avenue in Delray Beach. Dubbed Mayla Delray, the project would be the third in the developer’s portfolio under the Mayla Residences brand and is a response to fill in a need for residential housing as demand continues to grow. The proposal calls for an 8-story structure with Class-A residential units within an existing office complex that sits south of Linton Boulevard and west of the Interstate 95 and CSX train tracks. Of the 271 units, 55 will be set aside for workforce housing, and the development would also bring a string of landscaped plaza features along South Congress Avenue, including a transit stop, that would be linked to existing and proposed buildings

The Keele Center Undergoes Construction at 4575 Linton Boulevard, Delray Beach, Florida

7:00 am on July 1, 2022 By Colt Dodd

The Keele Center is a $30 million venture that started construction in late 2020. Benchmark Construction Co., Inc. hopes to finish construction in the first quarter of 2023. Upon completion, the venture will offer 40 patient beds in a four-story building.

Lynn Townhomes To Offer Three Luxury Homes at 712 Northeast 8th Avenue, Delray Beach, Florida

7:00 am on June 16, 2022 By Colt Dodd

Lynn Townhomes is slated for construction in Delray Beach, Florida. According to the Sun-Sentinel, plans call for three two-story luxury homes, measuring 2,200 square feet to 2,740 square feet each. Each home comes with a swimming pool and parking garage.

Concord Summit Capital Closes $16 Million In Financing For Delray Beach Shopping Center At 14802 S. Military Trail

7:30 am on April 3, 2022 By Oscar Nunez

Concord Summit Capital, LLC (Concord Summit) arranged a $16 million bridge loan to refinance and expand the Bed Bath & Beyond Plaza located at 14802 South Military Trail in Delray Beach, Florida. The sponsor, Berta Management of Florida, will use the money to construct a new Starbucks store, provide for capital improvements and pay off existing debt.

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