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Developer Begins Work on 476-Unit Delray Beach Rental Community
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Developer Begins Work on 476-Unit Delray Beach Rental Community
North American Development Group (NADG) broke ground on NUVO Delray Beach, an apartment complex in the Agricultural Reserve west of Delray Beach. The South Florida Business Journal reports Wells Fargo Bank was the lender of the $120 million construction loan. NADG acquired the 33-acre site for $41.84 million in 2022. Nuvo Delray Beach will be a four-story, garden-style community with a clubhouse, fitness center, pool, and pickleball courts. Verd…
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