The Wright by the Sea Hotel will be demolished by the end of the month to make way for Ocean Delray.
Co-developers National Realty Investment Advisors (NRIA) and US Construction announced they will begin construction on the high-end, oceanfront residential development immediately after demolition is completed.
Located at 1901 South Ocean Boulevard, the project will feature 19 units ranging in price from $4-$9 million. The project is expected to be completed by the fourth quarter of 2020.
“We are looking forward to beginning construction on this ultra-luxury development which will set the new standard for oceanfront living in Palm Beach County,” said John Farina, president and CEO of US Construction. “Ocean Delray will truly sit in a category of its own—no other development in the county will be able to compare when it comes to design, construction, location, exclusivity and detail.”
The site features over 200 feet of ocean frontage and some of the widest seagrass dune lines in South Florida.
The three-story building sit on a 1.8 acre parcel. It was designed by South Florida architect Randall Stofft. Stofft also designed the Seagate Hotel & Residences.
“Ocean Delray is what people have been waiting for: ultra-luxury living with direct oceanfront access,” said Glenn La Mattina, SVP of Development at NRIA. “These are world-class residences, and no detail will be missed in our one-of-a-kind development.”
The residences are named after famed artists like DaVinci, Michelangelo, and Van Gogh – will range from 3,373-square-feet to more than 4,400-square-feet.
Options include a 3-bedroom plus den to 5-bedroom residences. Units come with 4.5 to 6.5 bathrooms and expansive oceanfront terraces that add from 682 to over 2,300 square feet of additional living area with glass panel balcony railings.
Each residence will have a private, enclosed and air-conditioned garage – with electric car charging units. Climate-controlled golf cart parking and storage facilities are large enough for bicycles and beach equipment.
Private elevators will take residents from their individual garage directly to their home.
Beach amenities come with the project. 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.
“Ocean Delray rivals the most exclusive residential properties we’ve represented everywhere in the world,” said Mike Collins, CEO of IMI Worldwide Properties, the exclusive sales and marketing representative for Ocean Delray. “Following our announcement of the project in December, we received interest from buyers—some of whom have made pre-construction reservations, securing themselves a priority position to guarantee premium selection, pricing and incentives as we move into unit-specific reservations.”
Currently, reservations are by appointment only. To schedule an appointment, interested buyers can contact (800) 793-9783. Learn more at www.OceanDelray.com.