Delray Beach, FL (December 18, 2018) – National Realty Investment Advisors (NRIA) and US Construction have announced Ocean Delray, the first oceanfront residential development in Delray Beach in more than 30 years. With only 19 highly-appointed and uniquely designed residences, this boutique development will bring exceptional living in residences priced from the mid-$4 million range. Located at 1901 South Ocean Boulevard, the project will be located on the land currently occupied by the Wright by the Sea Hotel. The hotel will be demolished and construction will begin on Ocean Delray in the first quarter of 2019. Completion is projected for the fourth quarter of 2020.
“A beachfront property with residences of this size is a rarity anywhere in South Florida. The fact that it’s on Delray Beach makes it all the more exceptional,” said John Farina, president/CEO with US Construction.
“This is not a typical South Florida condo building. For people looking for ultra-luxury living with direct oceanfront access amid an exclusive residential enclave, this is the address,” added Glenn La Mattina, SVP of Development at NRIA.
The site features over 200 feet of ocean frontage, where the Gulfstream draws close and broad beaches feature some of the widest seagrass dune lines in South Florida.
On this prized 1.8-acre parcel will rise a single, three-level residential building designed by famed South Florida architect Randall Stofft. Stofft is celebrated for having created Seagate Hotel & Residences, one of the city’s most prized pieces of architecture.
Stofft was given carte blanche to pursue his vision for the architecture and interior design of Ocean Delray. The residences – uniquely named after famed artists like DaVinci, Michelangelo, and Van Gogh – will range from 3,330 square feet to more than 4,600 a/c square feet. The 3-bedroom plus den to 4-bedroom plus den residences also offer 3- to 5-bathrooms and 2- to 3- car garages. The residences feature distinctive floor plans to rival any single-family home on the ocean.
Beyond the 10-foot-high ceilings, windows and sliding glass doors, residents can savor resplendent tropical living on expansive terraces that add from 662 to over 1,500 square feet of additional living area. Gas grills and fireplaces welcome entertaining and relaxation. Glass-panel balcony railings will create a seamless transition to the beachfront beyond.
Everything about Ocean Delray speaks to luxurious living, starting from the moment residents arrive to the contemporary designed porte cochère private entry with tropical ambiance. Each residence will have a private, enclosed and air-conditioned garage – with electric car charging units. Climate-controlled golf cart parking and storage facilities are large enough for bicycles and beach equipment, like paddleboards or snorkeling gear. Private elevators will take residents from their individual garage to their residence.
An exclusive pre-launch party in early December attracted dozens of top brokers and prospective buyers—including several who have already reserved. The developer currently is accepting pre-construction reservations, which means those interested can secure a priority position to guarantee premium selection, pricing, and incentives, said Mike Collins, CEO of IMI Worldwide Properties, the exclusive sales and marketing representative for Ocean Delray.
“From its location, its amenities, and its iconic design, Ocean Delray rivals the most exclusive residential properties we’ve represented everywhere in the world,” said Collins. “The property truly will be unique to South Florida and promises to be a trophy residence to the select few who will call it home.”
Ocean Delray’s residents will also have access to private beach lockers and poolside cabanas. The developer has engaged Boucher Brothers for onsite beachfront hospitality, including lounges, and cabanas similar to the service it provides at the Boca Beach Club, the Fontainebleau Resort, and other luxury properties.
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- and 4-bedroom/den, 3- to 5-bathroom residences will range from 3,136 square feet to more than 4,000 square feet – and rival any single-family home anywhere in South Florida. Prices start from the mid-$4 million. Groundbreaking is scheduled for early 2019. Completion is projected for late 2020. 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) has built an impressive reputation for facilitating the financing, oversight, and management of new construction projects. Since 2010, the company has developed over 715 units and currently has $235 million worth of projects in progress. The firm also maintains a portfolio of over $500 million of buildings under management with an extensive Luxury Project Portfolio on the east coast.
About US Construction
US 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.
About IMI Worldwide Properties
For three decades, IMI Worldwide Properties has represented the most exclusive global resort and residential properties. It has completed 12,000 transactions and closed more than $8 billion in sales at 90 properties. Learn more at IMILiving.com