A rendering of the Ocean Delray project.
DELRAY BEACH, FL—After securing final site plan approval earlier this week, National Realty Advisors of Secaucus, NJ and US Construction of Philadelphia, co-developers of Ocean Delray, say that construction on the ultra-luxury condo development will begin in late April.
On Tuesday, March 12th, city commissioners granted final site plan approval for the 19-unit condo project, which the developers say will be the first ever ultra-luxury, oceanfront residential development in Delray Beach. In fact, it has been more than 30 years since any type of development has taken place on the ocean in Delray Beach.
Located at 1901 South Ocean Blvd., the project will be located on the land currently occupied by the Wright by the Sea Hotel. The hotel will be demolished at the end of April and construction will begin on Ocean Delray immediately thereafter, the developers state. Completion of the project that will feature units priced from the high- $4 million to $9 million range is projected for the fourth quarter of 2020.
“We are looking forward to beginning construction on this ultra-luxury development which will set the new standard for oceanfront living in Palm Beach County,” says John Farina, president/CEO of US Construction. “Ocean Delray will truly sit in a category of its own—no other development in the county will be able to compare when it comes to design, construction, location, exclusivity and detail.”
The development teams notes that the 1.8-acre project site features more than 200 feet of ocean frontage and some of the widest seagrass dune lines in South Florida. Replacing the former hotel will be a single, three-level residential building designed by South Florida architect Randall Stofft, who designed the distinctive Seagate Hotel & Residences.
“Ocean Delray is what people have been waiting for: ultra-luxury living with direct oceanfront access. These are world-class residences, and no detail will be missed in our one-of-a-kind development,” says Glenn La Mattina, SVP of development at NRIA.
The 19 highly-appointed, three to five-bedroom residences will range from 3,373 square feet to more than 4,400 square feet. The three-bedroom plus den to five-bedroom residences, complete with 4.5 to 6.5 bathrooms, offer expansive oceanfront terraces that add from 682 square feet to more than 2,300 square feet of additional living area with glass panel balcony railings.
Each residence will have a private, enclosed and air-conditioned garage with electric car charging units. The development will also feature climate-controlled golf cart parking and storage facilities. Private elevators will take residents from their individual garage to their beachfront home.
|Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
