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.
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 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 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, 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.
