(To read more on the multifamily market, click here.)
DELRAY BEACH, FL-Locally based Auburn Group is developingVillages at Delray, a $200-million redevelopment plan for thesouthwest section of the city that will bring 1,000 residentialunits, half of which will be affordable or work force housing.
The project, which also includes 33,000 sf of commercial space,will rise on 56 acres bounded to the south by SW 10th Street, tothe north by Atlantic Avenue, to the east by Auburn Avenue (SW 12thStreet) and to the west by SW 7th Avenue. The project incorporatesthe Carver Estates public housing project, run by the Delray BeachHousing Authority, which was severely damaged during HurricaneWilma. The now-vacant housing complex will de demolished as part ofthe redevelopment plan, Auburn Group vice president CitoBeguiristain tells GlobeSt.com.
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