DELRAY BEACH, FL-New Urban Partnership and two other partners are developing Atlantic Grove, a $19-million retail, office and townhouse complex between NW 3rd and NW 5th Avenues in this oceanfront community of 53,600 residents, 50 miles north of Downtown Miami.

The developers paid the city’s Community Redevelopment Agency $1.3 million or $282,605 per acre ($6.49 per sf) for the 4.6-acre parcel.

The residential sector will offer 59 units starting at $130,000. They originally carried a starting price of $114,000 but the city’s requirements of individual room fire sprinklers and double garages increased the price to $130,000, according to the developers.

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