Sofa Partners Break Ground At 111 First Delray

626

Staff report

New condos are heading to downtown Delray Beach.

South Florida-based real estate and development firm Sofa Partners broke ground last month at 111 First Delray.

City officials joined Sofa employees as they donned hard hats, golden shovels, and construction equipment to kick off the construction of the project.

“We are pleased to have started construction and anticipate completion in early 2019, as the season begins,” developer Felipe Vergara said. “This luxury condominium will provide a unique product and lifestyle, unmatched in the marketplace, all set in the center of this vibrant neighborhood.”

The property, located at 111 SE 1st Ave., one block south of Atlantic Avenue, sits on a 1.12-acre parcel in the “SOFA district.” “SOFA” refers to the two blocks south of Atlantic Avenue from Federal Highway to Swinton Avenue.

The 70-unit condominium gives residents access to 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 smart-home technology and security, and private storage space.

Units are priced from the $400,000s.

In addition to Vergara of Sofa Partners, Mayor Cary Glickstein, interim executive director of the Chamber of Commerce Vin Nolan and Commissioner Jim Chard addressed the crowd.

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 Vergaras and Rincons have over 70 years of development experience in Colombia across a comprehensive range of asset classes including residential, office and retail.

Sofa Partners has assembled a team including George Ligeti of The Greenfield Group and Paul Kilgallon of Mainstreet Capital Partners for this project. Sofa has contracted with Richard Jones Architecture and Carrie Leigh Designs. Current Builders is the general contractor and Nestler Poletto Sotheby’s International Realty to lead the sales efforts.

For more information about Sofa Partners and 111 First Delray floor plans, visit https://www.111firstdelray.com/.