Kastelo Development and 4TRO Development have launched eight four-story residences one block from Atlantic Avenue. Each features a private rooftop pool, in-unit elevator, and two-car garage. Here's what buyers should know before signing.
Key Takeaways
- Casa Avenida features eight townhomes ranging from 2,800 to 3,300 square feet, priced from $2.995 million.
- Groundbreaking is scheduled within 30 days, with a Q2 2027 completion target.
- The developers paid $3.8 million for the 0.4-acre site in January 2025.
Kastelo Development and 4TRO Development have launched Casa Avenida, a boutique collection of eight four-story townhomes at 102 SE 5th Avenue in downtown Delray Beach. Each residence ranges from 2,800 to 3,300 square feet and features four bedrooms, 4.5 bathrooms, a second-floor cocktail pool, a private in-unit elevator, a two-car garage with an EV charger, and a rooftop outdoor kitchen.
The developers purchased the 0.4-acre site for $3.8 million in January 2025. Prices start at $2.995 million.
What does Casa Avenida offer?
RWB-Linares Architecture designed the project in a modern Anglo-Caribbean style. Interiors are split between Stef Leonel Interior Design and Ava Gray Interiors, bringing a Brazilian-influenced warmth into a clean coastal frame.
Unit features: Four bedrooms, 4.5 bathrooms, floor-to-ceiling windows, a private second-floor cocktail pool, rooftop outdoor kitchen, air-conditioned bonus room on the top floor, and a two-car garage with one EV charger.
Developer track record: Kastelo Development, led by Jerad Graham, has reportedly delivered over $600 million in residential and mixed-use projects with a specific focus on Florida townhomes in supply-constrained markets. The co-developer 4TRO, led by Juan Fernando Andonie, is an extension of Produgesa and Grupo Geo, a Central American family-owned firm with over 30 years in residential and commercial development.
As Larry Mastropieri noted on the Discover South Florida Podcast: "This type of product is in demand. There's a slight disadvantage to being on Federal Highway compared to tucked-in neighborhood locations, but either way, these projects sell. This is another strong addition to downtown Delray."
Considering pre-construction townhomes in downtown Delray Beach? Talk to a Delray Beach real estate agent who understands how permit timelines and boutique inventory affect pricing. Reach out to The Mastropieri Group or call (561) 287-7000.
What should buyers know before committing?
The developer has told the DSF team that groundbreaking is scheduled within the next 30 days, and the completion target remains Q2 2027. That is the developer's position, and it is worth taking seriously.
However, our own research into Delray Beach's permit portal found that as of late February 2026, the subdivision plat filing is in "Respond and Resubmit" status, meaning the city returned it with comments that have not yet been cleared. A separate addressing application was also filed on February 26 to update the project's official street addresses, which indicates the project is still working through pre-construction logistics.
These are not red flags on their own. They are normal parts of the approval process. But they do suggest that if groundbreaking does not happen by May 2026, the delivery window will likely slide to late 2027 or early 2028. Buyers with a firm 2027 move-in requirement should factor that in. We've covered similar pre-construction due diligence in earlier reporting on Delray projects.
The developer is offering pre-construction pricing. For buyers who are flexible on timing and want to lock in at the current price before dirt moves, the scarcity of this product type in downtown Delray is the strongest argument for acting now.
How does Casa Avenida compare to other Delray projects?
Boutique projects of eight units or fewer within walking distance of Atlantic Avenue are genuinely rare. The supply constraint that makes Casa Avenida compelling as a purchase also makes it compelling as a long-term hold. There simply is not much competition at this scale and location.
Onix Delray Beach: 26 units under construction, larger scale than Casa Avenida
Delray Ridge: A gated community at a higher price point, with a different buyer profile
10 Palms: A quieter residential option further from the downtown core
Magnolia Place: 10 units, completed February 2025
Casa Avenida is the closest to Atlantic Avenue of all active projects. We've covered other downtown Delray development and Sundy Village in earlier reporting.
What does this mean for Delray Beach buyers?
For buyers seeking walkable downtown living: Being one block from Atlantic Avenue is a rare feature at this price point. Most new construction in this range sits further from the downtown core or along busier corridors.
For investors watching Delray: With an average list price of roughly $957,000 across Delray Beach, Casa Avenida sits firmly in the ultra-luxury tier. The scarcity of boutique products near Atlantic Avenue supports long-term appreciation.
For buyers comparing to neighboring markets: West Palm Beach and Pompano Beach have thousands of luxury units in their pipelines. Downtown Delray has remained more selective, which is part of what makes eight units on this block a real opportunity.
For agents with clients in this price range, contact Thomas Verdiglione at 732-425-7477 or Nicole Melveney at 732-567-5375 at Douglas Elliman. The project is offering a 3% buyer commission.
FAQs about Casa Avenida in Delray Beach
Where is Casa Avenida located?
Casa Avenida is at 102 SE 5th Avenue in downtown Delray Beach, one block from Atlantic Avenue. The 0.4-acre site was purchased for $3.8 million in January 2025.
How much do Casa Avenida townhomes cost?
Prices start at $2.995 million. Unit #6 is listed at $3.095 million. Each townhome ranges from 2,800 to 3,300 square feet with four bedrooms and 4.5 bathrooms.
What features does each townhome include?
Each unit includes a private second-floor cocktail pool, a rooftop outdoor kitchen, an in-unit elevator, a two-car garage with an EV charger, floor-to-ceiling windows, and an air-conditioned bonus room on the top floor.
When will Casa Avenida be completed?
The developer's stated target is Q2 2027, with groundbreaking scheduled within 30 days of late March 2026. Based on permit status, buyers should prepare for a possible timeline of late 2027 to early 2028.
Who is developing Casa Avenida?
Kastelo Development (led by Jerad Graham) and 4TRO Development (led by Juan Fernando Andonie) are co-developing the project. RWB-Linares Architecture designed the modern Anglo-Caribbean style buildings.
Local help for buyers in Delray Beach
If you're buying, selling, or investing in Palm Beach County, understanding how boutique inventory and pre-construction timelines affect pricing matters. Whether you're looking at downtown Delray or nearby Boca Raton, reach out to The Mastropieri Group, Realtors®.
For practical, hands-on support across Delray Beach, call (561) 287-7000.
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