City’s First Ultra-Luxury Beachfront Residences Begin to Take Shape
Delray Beach, FL – Co-Developers National Realty Investment Advisors (NRIA) and U.S. Construction have announced that demolition work has begun on the future site of Ocean Delray. Located at 1901 South Ocean Boulevard in Delray Beach, the Wright by the Sea Hotel is being demolished to make way for this highly-anticipated development. Demolition is expected to take a few weeks.
Ocean Delray will be the first-ever ultra-luxury, oceanfront residential development in Delray Beach. With only 19 highly-appointed and uniquely designed residences, this one-of-a-kind development will bring exceptional living in residences priced from $5 million to $10 million.
“This is the first step in bringing our world-class development to life and setting a new standard for oceanfront living in Delray Beach and Palm Beach County,” said John Farina, President and CEO of U.S. Construction, which is co-developing the project with NRIA.
“We are very excited to be moving forward on this amazing development—and creating an exclusive residential enclave for our distinguished buyers,” added Glenn La Mattina, SVP of Development at NRIA.
IMI Worldwide Properties, the exclusive sales and marketing representative for Ocean Delray, has already sold 40% of the project, totaling $45 million.
The residences -uniquely named after famed artists like DaVinci, Michelangelo, and Van Gogh – will range from 3,373 square feet to more than 4,400 square feet of air-conditioned living space. The 3-bedroom plus den to 5-bedroom residences, complete with 4.5 to 6.5 bathrooms, also offer expansive oceanfront terraces that add from 682 to over 2,300 square feet of additional living area with glass panel balcony railings that will create a seamless transition to the beachfront beyond. The site also features over 200 feet of ocean frontage and some of the widest seagrass dune lines in South Florida.
Designed by famed South Florida architect Randall Stofft, Ocean Delray is being built on a prized 1.8-acre parcel and will rise three stories.
Of course, no oceanfront development would be complete without an onsite beachfront experience. The developer has created a one-of-a-kind hospitality experience, including beachfront lounges and cabanas. Ocean Delray’s residents will also have access to a pool lounge suite with personal, custom full-height lockers and changing rooms. The development also comes complete with a state-of-the-art Peloton experience room where residents can access the latest in exercise equipment and technology.
All of this is less than five minutes from Atlantic Avenue which offers fine dining, entertainment and shopping. Considered America’s most desirable city, Delray Beach is rated by Rand McNally as the “Best Small Town in America” and USA Today as one of America’s top 10 shopping districts. Delray Beach is the “Most Fun Small Town in America” and it won the Downtown Achievement Award of Excellence.
Currently, reservations are by appointment only. To schedule an appointment, interested buyers can contact (800) 793-9783.
About Ocean Delray
Ocean Delray is Delray Beach’s most exciting and exclusive new oceanfront development in 30 years. The 19 highly-appointed, 3 to 5-bedroom residences will range from 3,373 square feet to more than 4,400 square feet – and rival any single-family home anywhere in South Florida. Prices start from the high-$4 millions. The project, designed by architect Randall Stofft, is being co-developed by NRIA and US Construction with exclusive representation by IMI Living. Learn more at www.OceanDelray.com.
National Realty Investment Advisors (NRIA), a prominent vertically-integrated investment, management and development firm focuses on luxury residential projects across many of the most dynamic urban markets across the East Coast. Today, with over $1 Billion AUM, the firm continues to grow with a pipeline of exceptional opportunities. NRIA has built an impressive reputation for delivering exceptional luxury homes for only the most discriminating owners.
About U.S. Construction
U.S. Construction boasts a diverse portfolio of residential projects ranging from luxury condominium and townhome developments to ultra-luxury oceanfront mansions. Its portfolio spans the eastern seaboard, from Brooklyn, New York, to Philadelphia, Pennsylvania, to Palm Beach County, Florida. The company has designed and constructed over $340 million of real estate with an additional $350 million in active development projects.