Behringer Harvard Starts Construction on Delray Beach Luxury Development
- Aug 20, 2012
Delray Beach, Fla.—Construction has begun on a 180-unit luxury apartment community in Delray Beach, Fla., Behringer Harvard announced recently. The Franklin Delray is being built on eight acres, and will include seven three-story residential buildings, as well as a free-standing clubhouse and amenities building.
Apartments at The Franklin Delray will average 1,035 square feet, offer up to three bedrooms and two bathrooms, and be constructed to condominium-quality specifications. Luxury features will include granite countertops, nine-foot ceilings, brushed nickel hardware, tile backsplashes, stainless steel appliances, private balconies and full-size washers and dryers.
Residents will be able to mingle in a number of common-area settings. They will include a rotunda community room, state-of-the-art fitness center, library and business center, cyber café and children’s activity center. Outdoors, neighbors will meet neighbors at the resort-style pool with cabanas, barbecue and lounge area with fire pit, water features and a children’s playground. In addition, the community will make bicycles available to residents.
A very appealing location between West Palm Beach and Boca Raton promises to be one of the big selling points of The Franklin Delray.
“This was a compelling opportunity to build a multifamily community in an exceptionally desirable location with strong demographics and proximity to employment centers in West Palm Beach and Boca Raton,” notes Behringer Harvard Multifamily REIT I Inc. chief operating officer Mark T. Alfieri.
It’s not just nearness to job centers, but also adjacency to shopping and recreation that is certain to be a big part of the lure for renters. The community is to be situated one mile south of downtown Delray Beach’s Atlantic Avenue, a hub of culinary, retail and nightlife attractions. And it’s less than one mile west of a stunning public beach featuring two miles of oceanfront beckoning to sun-and-surf aficionados fond of kayaking, swimming, wind-surfing, jet-skiing and simply soaking up some rays.
The general contractor on The Franklin Delray is Jacksonville-based LandSouth Construction, while the architects are Dallas-based STB Architects & Planners, and Richard Jones Architecture of Delray Beach.
The portfolio of Behringer Harvard Multifamily REIT I, Inc., includes investments in almost four dozen multifamily communities in 14 states, comprising more than 12,500 apartment homes.