Pebb Capital Completes Phase One of Sundy Village in Delray Beach

Key Points

• Phase One delivers 100,000 square feet of Class A+ office, 30,000 square feet of retail and dining, and 268 below-grade public parking spaces at Sundy Village in Delray Beach

• Pebb Capital reports 88% occupancy, with 8,500 square feet under negotiation that could push lease-up to over 92 percent

• Phase Two will add 79,141 square feet of office and a 165-space public parking garage with ground-floor retail

Pebb Capital has completed Phase One of Sundy Village, a seven-acre mixed-use campus in downtown Delray Beach. With a temporary certificate of occupancy now secured, the development brings new office, retail, and public amenities to a high-traffic corridor that continues to draw tenants seeking modern, lifestyle-oriented space.

Leasing Momentum and Tenant Roster

The initial phase includes 100,000 square feet of high-end office space and 30,000 square feet of retail and dining. Pebb Capital has already leased 88 percent of this space, with negotiations underway for an additional 8,500 square feet.

Notable tenants include:

• Vertical Bridge, which expanded its lease to 48,140 square feet

• Industrious, the national flexible workspace provider, leasing 25,190 square feet across two buildings

• Dining and retail tenants such as Barcelona Wine Bar, Van Leeuwen Ice Cream, Double Knot, and Drinking Pig BBQ

• Smaller leases from Maman, Dragonfly MRI, JTC, Fairstead Development, Lost Coast Collective, Coastal Investment Company, and Delray Beach Craft Brewing, which will open in the restored Cathcart House

Retail tenants have begun buildouts, with openings expected to roll out through late 2025 and into the first half of 2026.

Design Approach and Historic Integration

Sundy Village was designed by Gensler in collaboration with RLC Architects. The project incorporates shaded walkways, open courtyards, green spaces, and indoor-outdoor dining areas—elements that appeal to both office users and destination-driven retail operators.

The development also preserves and restores several historic homes, many listed on the National Register of Historic Places. Informational plaques highlight their significance, giving the project a uniquely local and culturally anchored identity.

What’s Coming in Phase Two

The next phase of Sundy Village will include a 79,141-square-foot office building at 100 SE First Avenue and a 165-space garage with 3,400 square feet of ground-floor retail at 48 SE First Avenue. Developed in partnership with the City of Delray Beach, the garage will be open to the public after 6 p.m. on weekdays and all day on weekends.

This infrastructure is expected to support both daytime office activity and evening retail and dining traffic, reinforcing the campus’s position as a central hub in Delray Beach.

Next Gen of Mixed-Use

Sundy Village is emerging as a benchmark for next-generation mixed-use in South Florida. Its strong pre-lease figures, brand-name tenants, and blend of modern amenities with historical character offer a clear signal: well-located, amenitized office-retail developments remain in demand. Pebb Capital’s strategic phasing and tenant mix position the project as a long-term anchor in Delray Beach’s commercial landscape.