Downtown Delray Atlantic Crossing On Track After 3 Years In Planning

Downtown Delray Atlantic Crossing On Track After 3 Years In Planning

Get ready…Downtown Delray’s signature destination, Atlantic Crossing, is on track to be underway by year-end after three years in planning and approvals.In recent months, the team has worked closely with the City to finalize details of the formal development agreements for the pedestrian-friendly mixed-use environment. This groundwork assures the City and community that Atlantic Crossing’s joint venture partners, Edwards Companies and CDS International Holdings, are accountable to meet every commitment made as a condition of the approval granted in December 2013.“Atlantic Crossing is a significant and complex undertaking,” said Don DeVere, Vice President of the Edwards Companies. “We made dozens of improvements to the plan to be responsive to the City and the community along the way, and the City Commission rightfully wanted every ‘i’ dotted and every ‘t’ crossed prior to the start of development.”While this important progress hasn’t been visible to most, that’s about to change. Watch for site work to get underway before year-end on the site’s west side. In coordination with the City’s Federal Highway beautification, this includes putting utility lines underground on Federal Highway’s east side.By start of the year, demolition is projected to begin on the existing buildings between Federal Highway and 7th Avenue. That will allow construction of the underground garage, key to Atlantic Crossing’s pedestrian-friendly feel, for completion in late 2015. The signature office-retail building at the northeast corner of Atlantic Avenue and Federal Highway will then open, bringing the City’s first Class A downtown office space atop shops and restaurants.The first luxury apartments, already in high demand, will open on the site’s west side in 2016. Development will move to Atlantic Crossing’s east side during 2017- 18, adding offices, shops, restaurants and condominiums overlooking Veterans Park and the Intracoastal Waterway.DeVere said Downtown Delray’s appeal is evident in the pre-leasing response for the commercial space, with Atlantic Crossing in preliminary negotiations with notable companies, specialty retailers and innovative restaurateurs. Pre-leasing and pre-sales for the apartments and condominiums will get underway in 2016, he added.While respecting Downtown Delray’s character, Atlantic Crossing adds new dimensions, greater economic stability and more options for living, working and leisure to the area. DeVere points to new public spaces to anchor Downtown’s east end, an environment that’s walkable straight from Federal Highway to Veterans Park, design and amenities to create a green, sustainable environment, and opportunities such as bike and car-share programs.“A natural extension of the Downtown, Atlantic Crossing will be unique with its mix of uses and park-side setting along the Intracoastal,” DeVere said. “All the community input led to a better plan and we’re excited to get underway and deliver on our promises.”

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Phone: 561-706-6101
Dated: October 23rd 2014
Views: 649
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