We’re Financed for Completion and Topping Off is Complete

By August 6, 2018News, Press
111 first delray condominium

The future of Downtown Delray is coming into view

It’s all good news at 111 First Delray. We’ve closed on a $20.6 million loan to fund the completion of our highly anticipated 70-unit Delray Beach condominium at 111 SE 1st Avenue, one block south of famed Atlantic Avenue in Downtown Delray. Meanwhile, construction is moving full speed ahead as we officially topped off this weekend and initial work on the interiors has begun.

The construction financing, provided by Trez Forman Capital Group, is a strong vote of confidence in the project’s solid success to date. Since sales began in 2016, 111 First Delray has sold 60% of its units to a variety of buyers from local, out-of-state and international markets.

“We were extremely pleased to close on the loan,” said developer Felipe Vergara. “We recognize how competitive condo construction financing is in the marketplace.”

With floor plans including one-, two-, and three-bedroom residences, 111 First Delray offers space for nearly any lifestyle. Luxurious standard features include Bosch appliances, wood-look Spanish porcelain plank flooring, quartz countertops, the latest smart-home technology and security, private balconies (select units offer private roof decks), lightning fast internet and private storage space.

111 first delray construction july
111 first delray construction july

Lifestyle amenities are equally impressive, ranging from a 5th-floor, state-of-the-art gym overlooking the pool to the beautifully landscaped recreation and pool deck with poolside cabanas and a covered, open-air lounge with poolside summer kitchen, bar and more.

You can start planning your Downtown Delray Beach condominium lifestyle now…111 First Delray is scheduled for completion in early 2019. With prices starting in the $500,000s, 111 First Delray appeals to a wide variety of people who have at least one thing in common: an appreciation for South Florida living at its finest.

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