The Real Deal Miami

$200M Delray mixed-use development approved

January 22, 2014 03:45PM

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2012 rendering of Atlantic Crossing project along Atlantic Avenue in Delray Beach

A $200 million, nine-acre mixed-use development along Atlantic Avenue west of the Intracoastal Waterway in Delray Beach has been green-lighted.

City commissioners approved it by a 3-2 vote. The project is expected to be built over four or five years.

Plans call for 82 high-end condominium units, 264 rental units, office space, restaurants and some retail. The city is slated to receive about $2.65 million in recurring tax revenue as a result of the project. The development’s name was changed to Atlantic Crossing from Atlantic Plaza II, when it first proposed in 2012, as previously reported.

The developers include vitamin tycoon Carl DeSantis, former Rexall Sundown owner and head of CDS International Holdings, together with the Ohio-based Edwards Companies. [CBS12]Mark Maurer

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