Development · FL
Coral Line
4.8 entitled acres, three blocks from the Atlantic — eighty-six residences in a market that cannot add supply.
Coral Line is a ground-up development on 4.8 acres, three blocks from the Atlantic — two family holdings, kept for over four decades, closed in a single 2025 transaction after two years of quiet negotiation.
The market’s constraint is regulatory and permanent. Coastal construction rules, height limits, and a near-exhausted supply of entitled land cap what can ever be built here. An approved envelope at this scale does not recur.
The program is eighty-six residences at a total development cost of $124 million, engineered for a coastline that punishes shortcuts. Entitlement completed in under twelve months; vertical construction began in 2026.
Delivery is projected for 2028. The firm develops to hold: the underwriting assumes no exit, and the basis makes patience cheap.
02 / Execution
Site control
4.8 acres closed in a single transaction after two years of negotiation.
Entitlement
Approvals for eighty-six residences secured in under twelve months.
Vertical
Storm-rated construction, sequenced for the coastal window. Topping out targeted 2027.
Delivery
Projected completion. Underwritten to hold, not to exit.
03 / Record
