USA Today recently referred to Delray Beach as "the next South Beach". Worthing Place brings a new sense of style to Delray Beach with luxurious condos situated just off Atlantic Avenue in the heart of downtown. From Carrera flooring and stainless steel appliances to 24-hour valet parking and concierge service, Worthing Place proves to epitomize the definition of luxury condos in Delray Beach. Just minutes from the beach in Downtown Delray, Worthing Place offers the lifestyle you’ve dreamed about – at an exceptional value. Go for a swim in your lap pool, relax in your own private orchid gardens, or venture out to experience the wealth of local eclectic restaurants and boutiques. Walk to 40 restaurants, the Delray Beach Tennis Center, the library, and Old School Square within a few blocks of your condo. When it is time to check out from the real world and into your own world. Step inside your luxury condo home and play gourmet chef in your euro-style kitchen. Finsihed flooring and Carrara counter tops, dark wood European cabinetry and stainless steel appliances are just some of the features. It’s the glamour and design of boutique luxury, only this is where you call home. With a restaurant and local retail shops on the ground floor, Worthing Place will be the perfect location for those seeking a unique downtown experience.

“Considering the state of the real estate industry today, this is a very positive development for Delray Beach, and we are thrilled to be under way,” said Worthing Place developer Bill Morris, president of Southcoast Partners. Financing for the $75 million project is from a consortium of banks made up of KeyBank, Regions Bank and National City Bank, plus assistance as loan co-guarantor from Blackrock Realty Advisors, a subsidiary of Merrill Lynch. “The banks were very cooperative, especially in this tough financial climate,” Morris said. “It’s a reflection that they understood that Delray Beach is not overbuilt in terms of rentals – probably less than a 5 percent vacancy rate – and that we intend to maintain the high level of finishes and amenities originally planned.” Coastal Construction is general contractor. John Grimaldi is project manager for Southcoast. The long delay from the original city competition to choose a developer until this week’s groundbreaking has brought two benefits. “The cost of labor is down dramatically, while its availability is up substantially,” Morris said, “and materials such as steel and concrete are either down in price or have stabilized.” The project is expected to be completed by early 2010.