13th Floor Investments and Key International, in partnership with CDS International Holdings and Wexford Capital, broke ground on Skye, a large-scale multifamily project in Palm Beach County’s Delray Beach.
Set for completion by 2027, Skye will offer studio, one-, two- and three-bedroom apartments and a collection of three-bedroom townhomes.
Family-focused amenities include a beach-entry pool, parks and jogging trails, outdoor barbecue areas, a tot lot and a playroom.
Skye marks 13th Floor’s latest foray into the South Florida market and joins the Cadence in Miami, Parks at Hallandale in Hallandale Beach and Parks at Davie near Broward College.
“Breaking ground on Skye marks an important milestone in bringing the full vision for Parks at Delray to life. With Savio fully built and Skye now underway, we’re delivering a thoughtfully planned, highly amenitized residential community that reflects the growing demand for quality rental housing in Delray Beach and along the I-95 corridor,” Daryl Shevin, CFO of 13th Floor Investments, said in a press release. “Our partnership with CIBC Bank USA and our co-developers underscores the market’s confidence in this project and in Delray Beach’s long-term growth story.”
Oh awesome, hopefully the 2026 2nd Q total housing crash won’t interrupt plans. Not to mention the affordability crisis making the entirety of South Florida unsustainable for society in general. 50% of residents are planning to move now, but let’s just keep investing and developing and creating assets for equity companies to buy up and hold onto.