747-Unit Multifamily Project Takes Off at Delray Beach Mixed-Use Development

A joint venture led by Miami, FL–based developers 13th Floor Investments and Key International, in partnership with CDS International Holdings and Wexford Capital, has broken ground on the first phase of a new multifamily project at the Parks at Delray. The nearly 50-acre mixed use development will include residential, retail and office uses located along Congress Avenue in Delray Beach.

Parks at Delray’s 25-acre residential component will include a total of 747 market-rate units spread across a mix of townhomes, three-story and five-story buildings. Phase One will include a total of 420 units, with Phase Two encompassing 327 units. Approximately 10% of the project’s total residential units will be allocated for workforce housing.

CDS International Holdings is developing the commercial phases of the Parks at Delray mixed-use development. Plans for the project involve 40,000 square feet of grocery-anchored retail space and the use of an existing building with 68,000 square feet of office space.

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