Construction is now underway on Alton Delray, a 386-unit apartment community from Kolter Multifamily, an affiliate of The Kolter Group, at 2101 S. Congress Avenue in Delray Beach, Florida, following the closing of a $92 million construction loan from Madison Realty Capital. Designed by MSA Architects, the development will rise on a 12.31-acre former industrial site and is expected to deliver its first units in late 2027.
Alton Delray will consist of multiple six-story residential buildings organized around internal circulation drives, landscaped open space, and pedestrian connections throughout the property. The approved site plan incorporates landscaped setbacks along Congress Avenue and throughout the site, creating a cohesive residential environment designed around connectivity and accessibility.
Of the project’s 386 apartments, 154 units are designated as workforce housing under Florida’s Live Local Act, while the remaining 232 residences will be offered at market rates.
The property is located just south of Linton Boulevard and west of Interstate 95, providing direct access to major transportation corridors serving Palm Beach County and South Florida. The site is also situated minutes from Atlantic Avenue in Downtown Delray Beach, placing future residents near the city’s dining, retail, entertainment, and cultural destinations.
“Alton Delray represents an exceptional opportunity to deliver high-quality housing in one of South Florida’s most supply-constrained coastal markets,” said Steve Perez, Managing Director of Kolter Multifamily.
“With its proximity to I-95 and direct access to Atlantic Avenue, residents will enjoy seamless connectivity to employment centers, entertainment destinations, and the unique lifestyle that defines Delray Beach.”
In addition to its proximity to Downtown Delray Beach, the community will provide access to several regional employment centers, including Boca Raton, West Palm Beach, and the Congress Avenue corridor. Residents will also be located near retail destinations, beaches, and recreational amenities throughout Palm Beach County…