Demolition on the former Wright by the Sea Hotel property took place this summer to make way for Ocean Delray, ultra-luxury beachfront residences.
Located at 1901 S. Ocean Blvd., the project features 19 residences priced from $5 million to $10 million.
So far, the sales team has already sold 40 percent of the project, totaling $45 million, according IMI Worldwide Properties, the exclusive sales and marketing representative for the project.
The project is being co-developed by National Realty Investment Advisors (NRIA) and U.S. Construction.
“This is the first step in bringing our world-class development to life and setting a new standard for oceanfront living in Delray Beach and Palm Beach County,” said John Farina, President and CEO of U.S. Construction, of the demolition phase.
The residences are named after famed artists like DaVinci, Michelangelo, and Van Gogh. They will range from 3,373-square-feet to more than 4,400-square-feet of living space. The 3-bedroom plus den to 5-bedroom residences, complete with 4.5 to 6.5 bathrooms, also offer expansive oceanfront terraces that add from 682 to over 2,300-square-feet of additional living area with glass panel balcony railings that will create a seamless transition to the beachfront beyond.
The site also features over 200 feet of ocean frontage and some of the widest seagrass dune lines in South Florida.
Designed by famed South Florida architect Randall Stofft, Ocean Delray is being built on a prized 1.8-acre parcel and will rise three stories.
The developer has created a one-of-a-kind hospitality experience, including beachfront lounges and cabanas. Ocean Delray’s residents will also have access to a pool lounge suite with personal, custom full-height lockers and changing rooms.The development also comes complete with a state-of-the-art Peloton experience room where residents can access the latest in exercise equipment and technology.
“We are very excited to be moving forward on this amazing development—and creating an exclusive residential enclave for our distinguished buyers,” added Glenn La Mattina, SVP of Development at NRIA.
Currently, reservations are by appointment only. To schedule an appointment, interested buyers can contact 800-793-9783.