Wednesday, November 24, 2010
The first new planned condo in Palm Beach County is set to begin construction at 4001 North Ocean on A1A along the beach. This is prime beachfront property and only 2 ½ miles north of the bustling dining, arts, cultural and entertainment trendy downtown Delray Beach’s Atlantic Avenue, and near Gulf Stream.
The builder will use in-house contractors and local subcontractors as well. There will be 34 condo units in the 6-story building, each about 3000 sq ft and priced betweent $1.4MM and $3MM. Four separate villas will be built on the west side of A1A priced similarly but 4000 sq ft with 2-car garages.
Featured will be 10’ ceilings, glass and hurricane-resistant constructions, and delivery is expected in early 2013. The Grand Opening is planned for mid-January 2011 and needs 10 to 12 contracts to”go vertical.” Three are reported already sold.