The price, location and floorplan of the CODA development look good, but will the place ever be finished?
** It will be finished but in this market downturn the builders nor the banks are in any hurry to get more construction funding out there to build units that will just sit. So the remaining units will likely not start construction until some of the current units are sold.
The dusty lot street view photo is concerning and with the downturn it'll be even more difficult to find those who are within the income restrictions and able to buy.
** Don't use Google Earth to judge the area - they don't update often enough. Delray is a great place to be and so there are a few projects like Coda and Cannery Row that will survive - just sell slowly.
'We're above the income level and looking to relocate to an area where we can walk to places but we have a young child so heavy construction areas are out.
** in Florida, I don't know that you can have it both ways. Right now the "walk to fun" areas are mostly new construction. The family friendly communities that are located in a more suburban setting are obviously not walk to the beach/stores etc... plus the "walk to..." areas are often supported by the nightlife - bars and restaurants that cater to locals and tourists alike.
Income levels... not all of Coda is income restricted...just the units held by the Delray Land Trust...which begs to question why would you want to spend more on a similar unit just because your income is higher? I would suggest contacting me regarding your budget and perhaps somewhere like Cannery Row or Mallory Square would be more suitable for your needs but still walking distance since they don't have income restrictions.
On the West side of town, if you're looking for similar prices you could get a great house or townhome in an area like Greystone or Drexel Park.
With a young child you might also want to pay attention to where the schools are and which one your child will attend depending on the community.
Boca Executive Realty