Last updated: August 2026
I'm Rachel Williams, a Real Estate Advisor with Compass and a real estate agent in Delray Beach focused on luxury condo sales and the downtown core. I track every project on this list because my clients ask about them constantly, and because what gets approved this year sets pricing here for the next decade.
If you are shopping for a home in Delray Beach right now, you are buying into a city in the middle of the biggest building cycle in its history. Not just new condos. New restaurants, a new water plant, a rebuilt beach, a new police station, and roughly 765 new residential units either under construction or approved within a few miles of Atlantic Avenue.
That matters to buyers for one simple reason. What gets built in the next 24 months decides what your property is worth in the next ten years.
Below is the full picture of what is actually happening in Delray Beach through 2026 and 2027, project by project, with what each one means if you are buying here.
What new developments are coming to Delray Beach in 2026 and 2027?
The largest projects underway or approved in Delray Beach for 2026 and 2027 are Alton Delray (386 apartments on South Congress Avenue), Skye Apartments (327 units on the former Office Depot site), Ónix Delray Beach (26 luxury condos three blocks from Atlantic Avenue, delivering Q4 2026), 109 SE 5th Avenue (26 luxury condos approved in February 2026), Pierre Delray II (a mixed use retail and Class A office building at 298 East Atlantic Avenue), and the continued buildout of Sundy Village downtown. Separately, more than $400 million in combined public and private investment is committed through 2030, anchored by a $287 million water treatment plant that broke ground in February 2026.
The luxury condo pipeline downtown
This is the category most relocating buyers ask about first, and it is the smallest one. Downtown Delray Beach is not building towers. The zoning does not allow it and the community does not want it. What is being built instead is boutique, low density, and expensive.
Ónix Delray Beach
Location: 318 SE 5th Avenue, SoFA district, roughly three blocks from Atlantic Avenue
Units: 26 residences
Pricing: $1.549 million to $2.199 million
Delivery: Q4 2026
Developer: 1112 Development
Ónix is the closest thing Delray has to a true new construction luxury condo delivering this year. Floor plans run about 1,500 square feet for a two bedroom and about 2,000 square feet for a three bedroom. Amenities include a resort style pool with private cabanas, a summer kitchen and fire pits, a clubroom with a full bar, and a fitness center, plus covered parking and secure elevator access.
Two details buyers should know. The deposit structure has been 10 percent at contract and another 20 percent at construction commencement, which is friendlier than the 40 to 50 percent staged deposits common in Miami preconstruction. And the building carries a four to six month minimum rental restriction, so it is not built for short term rental investors. It is built for people who actually want to live here or snowbird here. If seasonal use or rental income is part of your plan, Short-Term Rental Rules in Delray Beach, Florida: What Buyers Need to Know Before Investing explains why rental restrictions need to be checked building by building before you buy.also cover some of the assumptions buyers make about seasonal properties in Seasonal Property in Delray Beach: What Every Buyer Gets WRONG About Rental Income.
The project reported passing 30 percent sold with construction underway. If you are considering it, understand that developers typically raise pricing at construction milestones.
109 SE 5th Avenue
Location: 109 SE 5th Avenue, downtown
Units: 26 residences
Approved: February 2026
Delivery: Late 2027 or 2028
Developer: CDS International Holdings
This one is worth paying attention to for what it signals more than for what it is. CDS International Holdings is the family office connected to the late Carl DeSantis, the founder of Rexall Sundown and one of the most significant private investors in Delray Beach's downtown over the past two decades. The team won a unanimous 7 to 0 Planning and Zoning recommendation and Level 4 site plan approval from the City Commission in February 2026.
The plan replaces an 11,144 square foot two story commercial office building with a four story residential building of roughly 98,000 square feet holding 26 units. Pricing has not been released. Given the location and the comparable set, expect it to land in the same band as Ónix or above.
The takeaway for buyers: when the most established money in town chooses to tear down income producing commercial space and build for sale residential instead, that is a statement about where they think the demand is. For a closer look at how that demand is playing out at the higher end of the market, Inside the Delray Beach Luxury Market: What's Selling, What's Sitting, and Why breaks down where luxury buyers are moving quickly and where they still have negotiating room.
The rental pipeline, and why luxury buyers should still care
Two large rental projects are reshaping the western and northern edges of the city.
Alton Beach
Location: 2101 South Congress Avenue
Units: 386 apartments
Site: 12.31 acres, a former industrial site
Groundbreaking: June 17, 2026
First deliveries: Late 2027
Developer: Kolter Multifamily
Kolter closed a $91.7 million construction loan from Madison Realty Capital and broke ground in June 2026. The plan is multiple six story buildings with landscaped open space and pedestrian connections along Congress Avenue. Of the 386 units, 154 are workforce housing delivered under Florida's Live Local Act and 232 are market rate.
Skye Apartments
Location: 2350 South Congress Avenue, the former Office Depot campus
Units: 327 (one building within the larger Parks at Delray master plan)
Investment: Roughly $80 million private
Completion: Expected 2027
Why should someone buying a $2 million condo care about apartments on Congress Avenue? Because rental supply is what keeps a downtown staffed. Like most of South Florida, Delray has a gap between what service and hospitality workers earn and what it costs to live near where they work. Adding workforce and market rate rental inventory on the Congress corridor, well west of the historic core, is how a city protects the walkable downtown that made it valuable in the first place, without putting density on Atlantic Avenue itself.
It also concentrates growth exactly where the city wants it, on a corridor already zoned and built for scale rather than on the historic downtown grid.
The commercial and retail projects that change your daily life
Pierre Delray ll
Location: 298 East Atlantic Avenue, at the southwest corner of Atlantic and SE 3rd Avenue
Size: Roughly 63,000 square feet of total floor area, about 30,000 to 33,000 of it net usable
Developer: Pierre Delray Two LLC (Carey S. Fischer)
Uses: Ground floor retail with Class A professional office above, plus structured parking
Permit issued: July 2025
Target completion: 2027
Architect: GarciaStromberg
This is one of the most consequential small projects downtown. It takes a surface parking lot on prime Atlantic Avenue frontage and replaces it with an active ground floor and a covered walkway arcade. The city granted a higher floor area ratio of 2.63 in exchange for the arcade and the removal of the surface lot.
Delray has very little true Class A office space. Adding it downtown pulls in the kind of professional tenants who eat lunch, shop, and eventually buy homes within walking distance.
Sundy Village
Location: 22 West Atlantic Avenue, at Swinton and Atlantic
Phase one reached completion in the fall of 2025, and the first restaurants began opening in 2026. The project preserves the historic Sundy House and Cathcart House while adding mixed use retail and office space, courtyards, and underground parking.
Sundy Village is the project that finally pushes real energy west of Swinton Avenue. For years, Swinton was the invisible wall where downtown Delray stopped. It does not stop there anymore. If you are looking at homes in the West Settlers and Old School Square historic districts, this is the single biggest variable in your five year outlook.
The $400 million nobody talks about
Infrastructure is not exciting, but it is the reason a place stays livable and insurable. Delray Beach has more than $400 million in combined public and private investment committed through 2030. Here is where the public money is going.
Water treatment plant, roughly $287 million. The largest project in the city's history broke ground in early February 2026, with completion projected for 2028. It uses advanced nanofiltration to meet EPA drinking water standards, and the scope includes new deep injection wells. It is financed through utility revenue bonds repaid on customer bills, with no property tax increase.
Beach restoration, $19.2 million. Completed May 2026, covering 2.65 miles of shoreline. The Army Corps of Engineers described the work as protecting Delray Beach's homes, businesses, and critical infrastructure. For beachside and A1A buyers, sand width is not cosmetic. It affects storm exposure and, increasingly, insurance.
Road improvements, $10.5 million. A1A and South Ocean Boulevard upgrades finished in 2026, adding bike lanes, pedestrian signals, and better drainage.
Police station and parks, $120 million. Voter approved general obligation bonds fund a replacement police station and renovations at Catherine Strong Park. For a home with a $250,000 assessed value, the city estimated roughly $107 per year for the public safety bond in its first year plus about $22 per year for the parks bond, so call it about $129 a year combined.
If you are relocating from out of state, this is the answer to the question you should be asking: is this city actually investing in itself, or coasting on its reputation? The answer here is clear.Those public investments also matter when you're comparing the actual cost of living here beyond the purchase price. The Real Cost of Living in Delray Beach, Florida (2026 Local Buyer's Guide) looks at the bigger financial side of making Delray home.
What all of this means if you are buying in Delray Beach
New construction downtown will stay scarce. Between Ónix and 109 SE 5th Avenue, downtown Delray is adding roughly 52 new for sale luxury residences over the next two to three years. Fifty two. In a market drawing buyers from New York, New Jersey, Connecticut, Chicago, and Boston. Scarcity is the entire story of the downtown luxury segment.
The broader market has cooled, and that is your opening. As of mid 2026, the Delray Beach median sale price sat around $545,000, up about 4.7 percent year over year, at a median of roughly $364 per square foot. Homes were averaging about 90 days on market, and the sale to list ratio was around 95 percent, meaning the typical home sold about 5 percent under asking. Only about 3.4 percent sold above list. Sales volume, meanwhile, was up more than 20 percent year over year.
Read that together and here is what it says. Buyers have negotiating room right now that they did not have in 2021 or 2022, while transaction volume is climbing. That combination does not usually last long.
Timing matters by project. If you want to be in a brand new downtown condo before the 2027 season, Ónix is effectively the only option delivering. If you can wait until 2028, 109 SE 5th Avenue gives you a second shot, and preconstruction pricing released in 2026 or 2027 will look cheap in hindsight if the last decade is any guide.
Watch the west side. Sundy Village plus the Congress Avenue rental corridor plus the new police station means the parts of Delray that were priced at a discount for being "not quite downtown" are the ones with the most room to move.
Frequently Asked Questions
What is the biggest new development in Delray Beach right now?
By unit count, Alton Delray at 2101 South Congress Avenue is the largest residential project, with 386 apartments on a 12.31 acre site. By dollar value, the city's own water treatment plant, at roughly $287 million, is the largest project in Delray Beach history.
Are there any new luxury condos being built in downtown Delray Beach?
Yes, but very few. Ónix Delray Beach is delivering 26 residences priced from about $1.549 million in Q4 2026, and 109 SE 5th Avenue was approved in February 2026 for another 26 units with delivery expected in late 2027 or 2028.
Is Delray Beach a good place to buy in 2026?
Delray Beach in mid 2026 is a buyer friendly market by recent standards. Homes are averaging about 90 days on market and selling for roughly 5 percent under asking, while sales volume is up more than 20 percent year over year. Downtown new construction remains extremely limited, which supports values in the walkable core.
How much does new construction cost in Delray Beach?
New construction luxury condos downtown currently start around $1.5 million and run past $2.2 million, which works out to roughly $1,000 or more per square foot. That is a significant premium over the citywide median of about $364 per square foot, and it reflects the scarcity of new product inside the walkable downtown.
Will all this new construction hurt property values in Delray Beach?
Most of the new density is being directed to the Congress Avenue corridor west of I-95 rather than the historic downtown core, which is a deliberate planning choice. Downtown is adding boutique buildings measured in dozens of units, not hundreds. That structure tends to support values in the core rather than dilute them.
Thinking About Buying in Delray Beach?
The projects above will look very different a year from now. Some will be selling out, some will still be in permitting, and pricing on all of them will have moved.
If you are relocating to Delray Beach or trading up inside it, the most valuable thing you can do right now is understand which of these projects fits how you actually plan to live here. That is a conversation, not a listing search.
Reach out and I will walk you through the current inventory, what is coming, and what is worth waiting for.
Rachel Williams · Compass · Delray Beach, FL
Rachel Williams is a real estate agent affiliated with Compass. Information is compiled from sources deemed reliable but is subject to errors, omissions, and changes. This is not legal or financial advice. Equal Housing Opportunity.
Rachsellsfl.com | [email protected] | 561.900.5477
Sources
Florida YIMBY, "Alton Delray in Delray Beach Breaks Ground with $91.7 Million Construction Loan," June 2026
Markets of Tomorrow, "Construction begins at Ónix Delray Beach as sales continue to surge"
Discover South Florida, "Office-to-Condo: 26 Luxury Units Approved in Downtown Delray"
Discover South Florida, "Pierre Delray II Brings New Luxury Mixed-Use Project to Atlantic Avenue"
Discover South Florida, "Delray Beach Commits $400M to Citywide Infrastructure Push"
City of Delray Beach, Development Projects, City Projects, and G.O. Bond pages
City of Delray Beach water treatment plant project site
Florida YIMBY, "Phase One of Sundy Village Complete at 22 West Atlantic Avenue"
Redfin and True Oak Realty Delray Beach market data, July 2026
