The first phase of residential development is underway at the Parks at Delray, a 50-acre mixed-use development in Delray Beach, Florida, with 420 new residential units — 382 apartments and 38 townhomes — expected on site by 2024.

Developers 13th Floor Investments and Key International, both based in Miami, plan to build a total of 747 apartments and townhomes at Parks at Delray in two phases, with the second adding 327 units, according to a press release shared with Multifamily Dive. The apartments will range from one to three bedrooms, 580 to 1,400 square feet in size, while the three-bedroom townhomes will range between 1,670 and 1,770 square feet. About 10% of the development’s units will be designated as workforce housing. 

The units will be spread across three- and five-story buildings, as well as townhome structures, designed by MSA Architects, and spread out over a 25-acre section of the master plan. Each community will include a clubhouse, gym, pool, social room, parks and green spaces.

Arnaud Karsenti, managing partner of 13th Floor Investments, said that the Delray Beach market is seeing a spike in demand for new development. 

“We’re seeing a surge of employment growth in the area, especially as out-of-state residents from the northeast continue to migrate to South Florida,” Karsenti said in a press release.

Delray Beach, Florida–based CDS International Holdings is developing the commercial phases of the Parks at Delray. The project is expected to include approximately 40,000 square feet of grocery-anchored retail space and will also incorporate an existing building with 68,000 square feet of office space. The entire project is expected to be completed in 2025