DELRAY BEACH, FLA. — South Florida-based developers 13th Floor Investments and Key International, in partnership with CDS International Holdings and Wexford Capital, have broken ground on Skye, a 327-unit community in Delray Beach. The project is being financed with a $79.2 million construction loan from CIBC Bank USA. Skye represents the second residential phase of the joint venture’s 50-acre Parks at Delray mixed-use development and follows the completion and lease-up of Savio, which delivered 420 apartments earlier this year. With construction now underway, Skye is slated for completion in 2027.
Designed by MSA Architects, Skye will feature studios-, one-, two- and three-bedroom units ranging from approximately 560 to 1,410 square feet as well as three-bedroom townhomes ranging from 1,670 to 1,770 square feet.
The community will feature a beach-entry pool with cabanas and a pool bar, parks with jogging trails and grills, a fitness center with after-hours access, a yoga room, a dog park, coworking spaces with a business center, a lounge, a clubroom with a kitchen and bar, package rooms and complimentary Wi-Fi in common areas.