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Villa Del Sol Nears Completion

BOYNTON BEACH, FL-The $26.45 million, 312-unit luxury market-rate rental community here is scheduled to be finished by March. Alliance Construction began work on the 13-building complex, which is 50% occupied and 60% leased, in October 2001.

By Melissa Bogdany | Updated on January 29, 2003

BOYNTON BEACH, FL-Villa Del Sol, a 312-unit luxury market-rate rental community under construction here for the past 15 months, is nearing completion. Ten of the 13 buildings are already completed, and the other three buildings are expected to be finished by March.

The project, which consists of three-story structures, is currently 50% occupied and 60% leased. As the units were delivered, they became available for occupancy. Construction began on Villa Del Sol in October 2001. The total development cost of the project is $26.45 million.

Rental rates for the units range from $805 to $1,290 per month. The unit sizes are 750 sf for one-bedroom apartments, 1,074 sf for two-bedroom units, and 1,266 sf for three-bedroom apartments.

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