The Delray Housing Group (DHG), the property management division of the Delray Beach Housing Authority (DBHA), has completed its rehabilitation of the Lake Delray Apartments, a senior housing complex at 700 Lindell Boulevard in Delray Beach.
The 404-unit apartment complex was purchased in 2016 by Lake Delray Apartments, LLLP a partnership including the Delray Housing Group.
“The units have been fully rehabbed including the replacement of kitchens, bathrooms, flooring, windows and HVAC systems,” Dorothy Ellington, President of the DBHA said. “There were also upgrades in the common areas including the elevators, community building and site lighting. In order to cause the least amount of interruption to our tenants, some tenants were moved out of their units while the work was being done.”
The DHG partnered with Smith & Henzy Advisory Group, Inc. by serving as general partner of this $36.2 million project and also secured a property management agreement for the property.
“Delray Housing Group has surpassed our expectations as a partner in the redevelopment of Lake Delray,” states Timothy Henzy, Principal/Owner of Smith & Henzy Advisory Group. “DHG quickly established itself as the operator of the project while also taking a leadership role in the coordination of the rehabilitation. Smith & Henzy is most impressed with the care and compassion that DHG provided to the residents of Lake Delray.”