Construction has started on a luxury boutique condominium that will give buyers a new option to live near the center of activity in a trendy South Florida beach town.
Black Star Construction Group and 1112 Development are launching the four-story project in Delray Beach, about 20 miles south of President Trump's Mar-a-Lago resort and 50 miles north of Miami.
Douglas Elliman is the exclusive listing firm for Ónix Delray Beach, a development that will contain 26 units with prices starting at $1.54 million.
New condos across Florida are especially attractive, analysts say, because they aren't subject to a new state safety law governing condo buildings at least 30 years old.
Ónix Delray Beach is 30% presold, and local and out-of-state buyers from the Northeast and West Coast are showing strong interest in the development, according to sales director Lauren Mathews. Plans call for the project's two- and three-bedroom units to range in size from 1,400 to 2,000 square feet and for the building to contain about 5,000 square feet of ground-floor retail space.
“This project is just steps from the heart of Atlantic Avenue, placing our homeowners in one of South Florida’s most vibrant, walkable communities," said 1112 Development's Mike Bokzam in a statement.
Atlantic Avenue, the main downtown thoroughfare, has a mix of shops, bars and restaurants. Once an afterthought, "The Ave," as locals call it, has building-height limitations and traffic calming measures that have made it one of the most popular street destinations in South Florida. In 2012, travel guide Rand McNally named Delray Beach the “Most Fun Small Town in America."
The condo safety law, passed in response to the 2021 collapse of the 12-story Champlain Towers South in Surfside, Florida, requires aging buildings at least three stories tall to have safety inspections and studies on funding reserves for repairs.
But residents have complained they can't afford the much higher monthly or quarterly dues imposed by their boards to pay for repairs, leading to a deluge of units for sale. Legislators have approved a series of changes designed to help ease the financial strain on unit owners.
