DELRAY BEACH — Critical workforce housing is on the way to Delray Beach.
The project, called Flo, will fill a currently empty 4.8-acre parcel of land on the northwest corner of West Atlantic Avenue and Military Trail. The new multi-family development will be located behind a large shopping center already occupying that corner.
Local real estate developers Pierre and Richard Rochemont of the Rochemont Group in Delray Beach are behind the project.
“My clients were looking for development opportunities and came across this unique piece of land,” Government Law Group’s Neil Schiller, who represents the Rochemonts, said.
It’s one of the father-son duo’s first projects in Delray Beach. And it will bring the city 116 new units, with 23 of those designated for workforce housing.
To qualify for the workforce units, Schiller said, applicants must have an annual income between up to 50% of the area’s median income and no more than 120%. That means households making more than $116,880 per year will not qualify for the workforce units.