arts
Kolter starts Delray Live Local rental project with $92M financing
By Eman Elshahawy at The Real Deal
· June 17, 2026
· 1 min read
Kolter Multifamily kicked off construction of its Live Local Act apartment project Alton Delray after landing $91.7 million in financing, records show. The Delray Beach-based developer scored the loan from U.S. Bank for the 386-unit multifamily development planned at 2101 South Congress Avenue in De
Key takeaway Bank for the 386-unit multifamily development planned at 2101 South Congress Avenue in Delray Beach.
Why this matters in The Miami
The development of Alton Delray brings a significant influx of workforce housing to the area, with 155 units dedicated to this purpose. Given Miami 's proximity to Delray Beach, this project may have a ripple effect on the regional housing market, potentially alleviating some of the pressure on affordable housing in Miami-Dade County. The use of the Live Local Act to build on a previously industrial-zoned site also sets a precedent for similar developments in Miami, where industrial areas like Wynwood are being reimagined for mixed-use projects. As Miami continues to grapple with sea-level rise and flooding risks, the redevelopment of industrial sites for multifamily housing could become a more appealing option, especially if it can be done in a way that prioritizes affordability and workforce housing. The success of Alton Delray will be worth watching as a potential model for future developments in Miami.
About this story
Original reporting by The Real Deal . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: arts ·
Published: June 17, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? Kolter Multifamily kicked off construction of its Live Local Act apartment project Alton Delray after landing $91.7 million in financing, records show. The Delray Beach-based developer scored the loan from U.S. Bank for the 386-unit multifamily development planned at 2101 South Congress Avenue in De
When was this published? This article was first published on June 17, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by Eman Elshahawy at The Real Deal. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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