Sleek new residences are coming to Vero Beach, Fla., a city about 140 miles north of Miami. A Brooklyn-based developer is building 8050 Vero Beach, a condominium that will sit on 5 acres and feature more than 350 feet of ocean frontage. Eighteen residences will be spread across three buildings. Each will have views of the Atlantic Ocean, said Jared Della Valle, co-founder and president of Alloy, the developer behind the project. The firm only invests in locations where it has a “personal connection,” Della Valle said. In the case of Vero Beach, Alloy’s co-founder and CEO Katherine McConvey is a longtime resident. Most of Alloy’s projects are in Brooklyn’s Dumbo neighborhood, where Della Valle has lived for several years. The penthouse at Alloy’s One John Street development in Dumbo recently sold for $8.8 million, making it the most expensive condominium sold in the borough. The residences at 8050 Vero Beach will be 3,310 to 3,950 square feet in size, with anywhere from 950 to 1,490 square feet of outdoor space. Each apartment will have three bedrooms, a living room, a bonus room and two covered terraces. “We’re building very large residences that supplant the need for a house,” said Della Valle. The first-floor units will feature ocean-facing plunge pools and gardens; the penthouse residences will have open-air courtyards and outdoor living rooms. Each apartment comes with two parking spaces. Shared amenities will include a swimming pool, an outdoor kitchen and a pool house. Sales at 8050 Vero Beach are slated to launch early next year, with prices starting at $3.1 million. The development is scheduled to break ground in the spring.
Write to Gina Faridniya at gina.faridniya@dowjones.com