Introduction
In the ever-growing landscape of South Florida, new construction projects are continuously sprouting up to cater to the increasing demand for housing, offices, and stores. The Parks at Delray is one such project that promises to revitalize the community and offer an array of residential and commercial opportunities. Let's delve into the details of this exciting venture.
A Promising Location
Situated at the southwest corner of Congress Avenue and Old Germantown Road, Parks at Delray spans 50 acres of prime real estate. With its strategic positioning just a few blocks away from downtown and in close proximity to Interstate 95, this project is poised to become a vibrant hub for the local community.
A Vision for Growth
The Parks at Delray project encompasses the construction of 747 residential units, including 693 rental apartments housed within four-story and five-story buildings, as well as 54 townhomes. These modern living spaces will be complemented by a host of recreational amenities, such as two swimming pools, two dog parks, a playground, and a clubhouse with a gymnasium. The apartments are currently under construction and set to open for leasing in May.
A Thriving Business Corridor
Jeff Perlman, the executive vice president of CDS International Holdings, one of the companies involved in the partnership behind Parks at Delray, considers this project a pioneering venture in the region. Perlman's extensive experience as a former city mayor and his company's bullish outlook on the commercial potential of the area make the Parks at Delray a promising investment.
Commercial spaces, comprising between 20,000 and 40,000 square feet, will be an integral part of this project. The retail segment is expected to be predominantly food- and beverage-oriented, while also hosting businesses such as gyms and salons. This diversification will ensure a vibrant mix of offerings, catering to the needs of both residents and visitors alike.
A New Opportunity
While downtown Delray Beach has been thriving for over 25 years, Perlman firmly believes that a successful city requires multiple areas to prosper. By developing Parks at Delray, he aims to alleviate some of the pressures on the downtown area and provide an alternative location for businesses and residents to thrive. Perlman emphasizes the need for a "missing middle" – an affordable option for the middle class, which is often priced out of the expensive East Delray area.
Anticipation Builds
As the construction progresses and excitement mounts, the anticipation for Parks at Delray reaches new heights. The former site of the Office Depot corporate offices, which relocated to Boca Raton, will be transformed into a dynamic space that will breathe new life into the community. While there is no specific timeline for the completion of the commercial and office spaces, efforts are earnestly underway to commence these developments as soon as possible.
With 12,000 square feet of new office space and the incorporation of the existing 68,000 square feet of office space, known as The Arbors Office Park building, Parks at Delray aims to provide a comprehensive solution that caters to a wide range of needs.
The Parks at Delray project promises to redefine the community by offering modern living spaces, a thriving business district, and an inclusive environment for residents of all backgrounds. The future looks bright for this ambitious development, and its impact on the local landscape is eagerly anticipated.
Lisa J. Huriash can be reached at lhuriash@sunsentinel.com. Follow on X, formerly Twitter, @LisaHuriash