Deco Green multifamily, mixed-use project in Lake Worth Beach moves forward

127-unit apartment project will include retail, office and The Courtyard green space

Miami /
Aug.August 24, 2021 02:30 PM
Office America Group Founder and CEO Ricardo Hernandez with a rendering of Deco Green (The Martin Architectural Group)

Office America Group Founder and CEO Ricardo Hernandez with a rendering of Deco Green (The Martin Architectural Group)

A 127-unit multifamily project with retail, offices and green space is moving forward in Lake Worth Beach.

Deco Green will have four residential buildings on 2.3 acres, along with 8,000 square feet of retail and offices, according to a news release.

Miami-based Office America Group is developing Deco Green with an eye toward creating an outdoor community gathering space for yoga classes, picnics and art festivals. To that end, the development will include a 20,000-square-foot, landscaped area called The Courtyard, according to the release.

The Lake Worth Beach City Commission approved Deco Green last week, after Office America Group won a request for proposals from the city’s community redevelopment agency, according to the release.

Designed in a mix of Art Deco and Bauhaus styles, Deco Green will offer modern kitchens, walk-in closets and balconies overlooking the Courtyard. The project designer is Martin Architectural Group, with offices in Coconut Creek, Baltimore and Philadelphia. Artist Leonardo Moleiro will paint two murals on building walls.

Office America Group, led by founder and CEO Ricardo Hernandez, is a boutique real estate developer focusing on residential, office and mixed-use projects, according to the release.

Lake Worth Beach, a Palm Beach County city with access to the coast, is seeing some new development.

In May, the city approved the 230-unit Advantis multifamily development at the northwest corner of 10th Avenue North and Boutwell Road.

Also in Lake Worth Beach, Affiliated Development is building the 200-unit Bohemian mixed-income multifamily project, with 44 workforce housing apartments.

Developers are rushing to build multifamily projects amid an unprecedented demand fueled by locals returning to work and a population influx.

The pent-up demand is pushing up rents, as they have soared 7.9 percent on average across South Florida over the past year, according to Berkadia.






    Related Articles

    arrow_forward_ios
    High court: Federal judge sides with Miami landlords in marijuana dispensary fight
    High court: Federal judge sides with Miami landlords in marijuana dispensary fight
    High court: Federal judge sides with Miami landlords in marijuana dispensary fight
    Lease roundup: Slalom opens first South Florida office in Wynwood, 10 tenants sign at 800 Brickell
    Lease roundup: Slalom opens first South Florida office in Wynwood, 10 tenants sign at 800 Brickell
    Lease roundup: Slalom opens first South Florida office in Wynwood, 10 tenants sign at 800 Brickell
    3750 West 16th Avenue in Hialeah (Courtesy of RG Property Group)
    KEI Properties buys Hialeah office-retail property for $8M
    KEI Properties buys Hialeah office-retail property for $8M
    Developer Jeff Greene and Dalfen Industrial CEO Murray Dalfen with the complex at 1501 Meathe Drive (Dalfen, CBRE)
    Billionaire Jeff Greene sells West Palm Beach industrial complex for $61M
    Billionaire Jeff Greene sells West Palm Beach industrial complex for $61M
    Investor picks up Margate shopping center for $11M
    Investor picks up Margate shopping center for $11M
    Investor picks up Margate shopping center for $11M
    Fortune International Realty’s former Miami office sells for $8M
    Fortune International Realty’s former Miami office sells for $8M
    Fortune International Realty’s former Miami office sells for $8M
    Horizon Properties pays $33M for Publix-anchored shopping center in Hialeah
    Horizon Properties pays $33M for Publix-anchored shopping center in Hialeah
    Horizon Properties pays $33M for Publix-anchored shopping center in Hialeah
    ParkLine MiamiCentral
    Brightline parent lists MiamiCentral apartment towers for $500M
    Brightline parent lists MiamiCentral apartment towers for $500M
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...