Downtown Delray Beach’s famed Atlantic Avenue retail corridor is poised to see a influx of new residential and office development, according to CBRE vice president and retail broker Roxanne Register.
For instance, developer Southcoast Partners is currently building Worthing Place, an upscale, courtyard-style community with 217 condominiums on three acres of land, according to the Daily Business Review.
There is also the Edwards Co.’s $200 million Atlantic Crossing project, which will add 83,000 square feet of office space, 76,000 square feet of retail and restaurants, hundreds of apartments and 82 condos to the area.
And the new SOFA district, for “south of Atlantic,” is seeing 172 new multifamily units and New Century is developing the mixed-use Uptown Delray.
“I am very excited about Atlantic Avenue because it is undergoing the change that was needed to attract new and better retailers, along with all the new condo and rental units.” Register told the Business Review. “It is going to become a major urban pedestrian shopping, dining and living district in the near future. It’s very exciting to be a part of the redevelopment of a downtown area that was floundering and now is a very desirable live-work-play urban city.” [DBR] – Christopher Cameron