The Real Deal Miami

Over 400 homes sold at Delray Beach development

GL Homes expects 591-property community to sell out by end of year

June 25, 2013 03:00PM

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The Bridges in Delray Beach

The 591-home luxury development known as the Bridges in Delray Beach has sold most of its properties, the Sun Sentinel reported.

Sunrise-based residential developer GL Homes told the newspaper the development on Lyons Road, near Golden Gate Avenue, has surpassed 400 sales for more than $360 million. The home prices range from $581,000 to $1.6 million. About 100 owners have moved in so far, the newspaper said.

The community opened in February 2012 and is expected to sell out by the end of the year, the Sun Sentinel said.

In April, the developer sold 73 homes pre-construction at Valencia Cove for a total of $35 million – ranging from $300,000 to $600,000 – in a two-hour span via a lottery system, as previously reported. (Valencia Cove has since sold 100 homes.) Around that time, the Bridges opened new lots and had people camping out to get the best spaces. [Sun Sentinel]Mark Maurer

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