DELRAY BEACH, FLA. — Edwards Cos. has broken ground on Atlantic Crossing, a $300 million mixed-use development in downtown Delray Beach. At full build-out, the project will feature six buildings and include 73,000 square feet of retail space, 83,000 square feet of office space, 261 apartment units and 82 condominium units. The first phase is expected to come on line in the fourth quarter of 2019, and the first apartment units are expected to open in 2020. Additional residential units will be added to the development in 2022, and full-build out is scheduled to take five years to complete. The project is expected to generate $2.6 million in annual tax revenues and create 600 jobs. Matthew Williams of Newmark Knight Frank arranged a senior construction loan through Fifth Third Bank for the development. CBRE will handle the project’s office leasing assignment, and Strategic Retail Advisors will handle the retail leasing component.
Atlantic Crossing will feature six buildings and include 73,000 square feet of retail space, 83,000 square feet of office space, 261 apartment units and 82 condominium units.
Edwards Cos. Breaks Ground on $300M Mixed-Use Development in South Florida
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