Wood Partners has announced that it will construct the Midtown Delray Community at Delray Beach, Fla at a cost of $27 million. The community will consist of 116 rental townhome units with three stories and will cover a total area of 192,000 sq.ft. Construction is likely to commence by July 1.
The average area covered by each home will be just below 1,700 sq.ft with each home having its own attached garage. Of this 82 homes will have twin garages. The interiors of each home include entries and baths, ceramic tub surrounds, ceramic flooring in kitchens, 9ft 4” ceilings, all black kitchen appliances, modern light fixtures and 42” cabinets with granite tops. Common amenities include swimming pool, tot lot and a clubhouse.The architects for the project are AW Architects of Boca Raton, and the landscape design will be done by Urban Design Kilday Studios. Leasing of the community is likely to begin by September 2013. The development is likely to create annual property tax revenues amounting to more than $400,000 and around 140 full time temporary jobs. According to the calculation methods laid down by the National Association of Home Builders, the project will contribute $10 million to the local economy.
The site is very close to regional employment centres and is 25 minutes away from West Palm Beach which houses the $600 million Scripps Research Institute. It also provides easy access to restaurants, shops and cultural venues with the Atlantic Ocean just three miles away. The site is surrounded by many golf courses, barbecue grills, playground and a walking trail.
Source: http://www.woodpartners.com