South Florida Real Estate Market Report

How's the South Florida real estate market?

As we enter 2021, we’re taking a moment to reflect on a quarter that closed out one of the most unique years of our lives.

Last year taught us that home is so much more than the place where you sleep at night. As the lines in our lives began to blur, so did the way we experienced home. A formal dining table that was once merely for show moonlighted as our childrens’ desks as they navigated a new world of virtual learning. Kitchens previously used for an occasional dinner were enhanced with new gadgets and recipe books, as millions of US residents tried their hands at bread-making, cocktail-mixing, and getting that restaurant-worthy recipe “just right”. Living

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Buying a New Home in South Florida

In the wake of COVID-10, South Florida home buyers have recently shown a strong preference for residences that can accommodate their new normalcies, such as working from home and virtual schooling. It comes as no surprise that these buyers are finding new construction homes to be an ideal solution, as they offer privacy, space, and a certain degree of customization. As a result, new construction homes are in high demand locally, and builders can barely keep up. If you are considering purchasing a new construction property, it is essential to develop a strategy prior to looking. There are many layers to the new construction sales process, and The Pearl Antonacci Group is here to help you cultivate a deeper

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Cannery Row Townhome

137 N Cannery Row Circle, Delray Beach, FL 33444

https://www.pearlantonacci.com/listing/rx-10596922-137-n-cannery-row-cir-delray-beach-fl-33444/ 

 

Over the past 25 years, Downtown Delray Beach has grown into a crown jewel of the vivacious city. Developed through a myriad of public and privately funded projects, citizens of Delray take pride in the comfortably urban environment. The town center provides a dynamic arrangement of dining and entertainment, while the beautiful oceanside backdrop offers a calming respite from the hustle and bustle of city-living.

Stay up to date on the breathtaking development projects on Delray's horizon:

236 Fifth Delray + Aloft Hotel

Set to finish construction in December of 2018, 236 Fifth Delray in conjunction with Aloft boutique hotel is planning to provide luxury apartments and lodging, allowing residents to "live on vacation." This lavish development

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A mixed use development that would provide downtown Delray Beach with:

• Two and three bedroom apartments
• High-end retail boutiques
• 60 ft. wide public, landscaped courtyard with outdoor eating restaurants
• Class-A Office space
• A 120-room hotel
• Residential- Inns with amenities for extended stays
• A 400-space underground parking facility and Valet drop-off parking service
• Eight (8) historic structures are being fully renovated & incorporated into the
• project, including the Cathcart House and The Rectory on Swinton
• An attractive pedestrian streetscape along Swinton Avenue with water features and landscape areas
• 60’ wide public pedestrian walkway to Atlantic Avenue

How would the Swinton Commons project benefit the

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A deal that would allow the construction of a $200 million mixed-use project downtown on Atlantic Avenue is moving closer after more than a decade of planning and approvals.

Atlantic Crossing, a 9-acre project featuring apartments, offices, restaurants and shops, would be located beside Veterans Park along the Intracoastal Waterway. It’s the city’s largest proposed development in terms of square footage at the moment, said city commissioner Mitch Katz.

“It’s important because it’s prime real estate on Atlantic Avenue that needs to be be developed,” he said. “I just want to see this move forward.”

Signing the agreement would end a lawsuit the developer filed in 2015 over delays, and eliminate the risk of the city paying an estimated $40 million in

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Hamilton Place Townhouse in Downtown Delray Beach

Brian Pearl and Vini Antonacci of Lang Realty recently listed and sold 285 SE 6th Avenue Unit E in Delray Beach, Florida.  Rarely available 4 bedroom, 4 bath townhouse with a 2 car garage in Hamilton Place, one of Downtown Delray Beach's most desirable communities! Built in 2005, this tri-level townhouse boasts over 2,000 sq ft under air with high end finishes including hardwood floors, CBS construction, impact glass, French doors, solid core interior doors, and a gourmet kitchen w/ granite countertops, GE Profile stainless steel appliances and solid wood cabinetry. Ground floor has a full bedroom and bathroom, 2-car garage, and large storage closet. The 2nd level is comprised of the kitchen, dining…

Upscale condos could be headed to Delray Beach's up-and-coming SOFA district — if the city bends some of its downtown development rules. On Tuesday, commissioners will consider approving plans for a 48-unit condo called The Metropolitan, which would include shops, office space and a public plaza. The 5-story building would be built on the northeast corner of Southeast Third Avenue and Southeast First Street in an area marketed by the nickname SOFA, for its location south of the city's bustling Atlantic Avenue. City officials are branding SOFA as the city's newest urban neighborhood. The Metropolitan would join several other developments aimed at attracting young professionals who want to live just off Atlantic and close to the beach.

"I am excited

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Villaggio Reserve, the most exciting new Active Adult (55-plus) development in Delray Beach, has reached another important milestone. The first Patio Villas now are under roof.

That means Villaggio Reserve’s third residential concept joins the beautiful villas and the magnificent single family homes, creating a trio of remarkable residences that stand out as breathtaking homes in a community unmatched in South Florida.

“From announcing the Patio Villas this summer to going under roof this month, the speed of construction reflects how well our latest innovation in resort-style living was received by our buyers,” said Ron Yuter, Senior Vice President with developer Ansca Homes. Residences at Villaggio Reserve begin in the $290,000s through the

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Redevelopment of Downtown Core Business District – Fourth & Fifth Avenues Site (formerly known as the Old Library Site)

Location: South of E. Atlantic Avenue, between SE 4th and 5th Avenues
Developer: Delray Beach Holdings, Inc. (iPic Entertainment)

Project Description: After the Delray Beach Public Library relocated to West Atlantic Avenue, its former site on SE 4th Avenue became available for redevelopment. The CRA issued an RFP (Request for Proposals) to solicit development proposals in 2006, but the selected project eventually became a casualty of the nationwide recession and real estate market collapse.

In February 2013, the CRA issued another RFP to redevelop the site. In August, 2013, the CRA Board awarded the RFP to Delray Beach Holdings,

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