ANF Celebrates Completion Of First Phase Of Parks At Delray
The project spans 43 acres and brings a vibrant mix of residential, retail, and office space to the growing Congress Avenue corridor.
The project spans 43 acres and brings a vibrant mix of residential, retail, and office space to the growing Congress Avenue corridor.
The multi-phase project will encompass approximately 2.5 million square feet of new commercial, residential, and hotel product once complete.
The development consists of 26 three-story, garden-style buildings with private detached garages and carports and 55 townhomes with private two-car garages.
The project will consist of a mixed-use retail and office, restaurant outparcels, a daycare and early learning center, as well as a 3-level parking garage.
The approved site plan encompasses over 405,000 square feet of office space in two buildings, four new retail and restaurant outparcel buildings totaling nearly 43,000 square feet, a nearly 37,000-square-foot luxury fitness facility and 500 multifamily units.
Newmark’s Matthew Williams, Daniel Matz, James Maynard, Kyle Schlitt and Robert Wright secured the bridge loan from Ladder Capital on behalf of buyer Safe Harbor Investments, LLC.
The sales, announced in mid-January 2025, reflect the growing demand for well-maintained and strategically located apartment communities in both established and emerging markets across the state.
JLL’s Seniors Housing Capital Markets team procured the buyer, AEW Capital Management, and secured the three-year acquisition loan through Capital One Bank on behalf of the buyer.
Senior Managing Directors Roberto Pesant and Jaret Turkell, along with Directors Omar Morales and Yoav Yuhjtman of Berkadia South Florida, led the transaction on behalf of the seller, MAG Real Estate & Development of Delray Beach.
These projects not only represent significant opportunities for Bollig and his clients but also signal the continued upward trajectory of St. Lucie County as a desirable destination for development.
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