Construction Process Began On September, 1, 2017
Sofa Partners, a South Florida real estate and development firm, has broken ground on 111 First Delray. Hard hats, shovels and equipment are all on site, and later next month dignitaries of the Delray Beach Chamber of Commerce, developers, and city officials will participate in a special ceremony. Working with the Delray Beach Chamber of Commerce for the occasion, the developers and Nestler Poletto Sotheby’s International Realty sales team will host realtors as well as community and business leaders as they offer tours of the sales center after the groundbreaking event.
“We are pleased that we have started construction and anticipate completion in Q4 of 2018. Right before season starts” says Developer Felipe Vergara. “This luxury condominium will offer residents a unique product and lifestyle, unmatched in the marketplace, all set in the heart of the SOFA district of Delray Beach.”
The property, located at 111 SE 1st Avenue one block south of Atlantic Avenue, sits on a 1.12-acre parcel and will bring contemporary urban living to downtown Delray Beach. The 70-unit condominium offers residents modern design and upscale appeal with floor plans ranging from one, two, and three-bedroom units. All units include luxurious standard features such as Bosch appliances, wood-look Spanish porcelain plank flooring, quartz countertops, the latest smarthome technology and security, and private storage space.
Community amenities range from a 5th floor, state of the art gym to a beautifully landscaped pool deck with cabanas, lounge chairs, a fire pit, and a covered, open air club room including TVs, a bar, summer kitchens, and a pool table. Additional features include excellent resident and guest parking, private balconies (select units offer private roof decks with 360-degree views), integrated home automation, lightning fast internet speeds, bicycle storage, and low HOA dues.
“SOFA” refers to the two blocks south of Atlantic Avenue, from Federal Highway to Swinton Avenue. The district is undergoing a renaissance and Atlantic Avenue is at the forefront with its burgeoning reputation as an arts and entertainment hub. Due to its convenient location, residents of 111 First Delray will be able to walk just a short distance to enjoy the many delightful amenities Delray Beach is famous for. Those include delectable award-winning cafes and restaurants, unique art galleries, entertainment venues, boutiques, and of course, the crystal-clear Atlantic Ocean with one of the best beaches in Florida.
The Developer of 111 First Delray is Sofa Partners, a development group led by two father-son teams, Manuel and Felipe Vergara, and Rafael and Daniel Rincon in which Felipe and Daniel team up to oversee and manage operations. Collectively, the Vergara’s and Rincon’s have over 70 years of development experience in Colombia across a comprehensive range of asset classes including residential, office, and retail.
To ensure the success of the project, Sofa Partners has assembled an all-star team of professionals including George Ligeti of The Greenfield Group and Paul Kilgallon of Mainstreet Capital Partners. Each brings an extensive array of business acumen and general management experience to the table, as well as a thorough knowledge of the construction industry in South Florida.
Further sourcing the best talent, Sofa has contracted with Richard Jones Architecture and Carrie Leigh Designs, two award-winning boutique firms known for their ability to enhance living spaces through high-quality design. Current Builders is the general contractor, with 44 years in business and a ranking of 9th largest residential contractor in Florida. Lastly, Sofa has retained Nestler Poletto Sotheby’s International Realty, the region’s preeminent residential brokerage firm, known for representing only the most exclusive properties, to lead the sales efforts.
Priced from the $400ks, 111 First Delray is already over 50% sold and prices are expected to rise after groundbreaking. Now is definitely the best time to invest in the ultimate Delray-Centric lifestyle at 111 First Delray!