Groundbreaking Ceremony for Casa Avenida Luxury Townhomes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 22 2026
0mins
Source: PRnewswire
- Groundbreaking Event: Kastelo Development and 4TRO Development celebrated the groundbreaking of Casa Avenida in Delray Beach, Florida, marking the official start of this four-story luxury townhome community, which is expected to attract high-end buyers and invigorate the local real estate market.
- Project Features: Casa Avenida consists of eight residences with floorplans ranging from 2,804 to 3,336 square feet, offering three to five-bedroom options designed to meet the high-end market's demand for space and privacy, thereby enhancing the project's competitive edge.
- Design and Amenities: Each residence is equipped with private elevators, spacious terraces, and top-of-the-line finishes, blending modern architecture with contemporary design to provide a luxurious yet livable experience that appeals to buyers seeking high-quality living.
- Market Positioning: Located in a walkable core area of Delray Beach near Atlantic Avenue, the project combines coastal living with a vibrant downtown, expected to attract high-end clientele seeking convenience and privacy, thus driving sales growth.
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About DOUG
Douglas Elliman Inc. is a holding company. The Company is engaged in the real estate services and property technology (PropTech) investment business. The Company’s segments include Real Estate Brokerage, and Corporate Activities and Other. The Real Estate Brokerage segment provides the residential real estate brokerage services through its subsidiary Douglas Elliman Realty, which operates residential brokerage companies in the New York metropolitan area and also conducts residential real estate brokerage operations in Florida, California, Texas, Colorado, Nevada, Massachusetts, Connecticut, Maryland, Virginia, Washington, D.C. Arizona, New Hampshire and Michigan. The Corporate Activities and Other the operations segment include operations of the holding company as well as its investment business that invests in select PropTech opportunities through our New Valley Ventures subsidiary. The Company's PropTech investments include Rechat, Purlin, LiveEasy, Fyxify, Bilt, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Groundbreaking Ceremony for Casa Avenida Luxury Townhomes
- Groundbreaking Event: Kastelo Development and 4TRO Development celebrated the groundbreaking of Casa Avenida in Delray Beach, Florida, marking the official start of this four-story luxury townhome community, which is expected to attract high-end buyers and invigorate the local real estate market.
- Project Features: Casa Avenida consists of eight residences with floorplans ranging from 2,804 to 3,336 square feet, offering three to five-bedroom options designed to meet the high-end market's demand for space and privacy, thereby enhancing the project's competitive edge.
- Design and Amenities: Each residence is equipped with private elevators, spacious terraces, and top-of-the-line finishes, blending modern architecture with contemporary design to provide a luxurious yet livable experience that appeals to buyers seeking high-quality living.
- Market Positioning: Located in a walkable core area of Delray Beach near Atlantic Avenue, the project combines coastal living with a vibrant downtown, expected to attract high-end clientele seeking convenience and privacy, thus driving sales growth.
See More
Douglas Elliman Launches Integrated Financing Solution in California
- Market Expansion: Douglas Elliman's in-house mortgage platform, Elliman Capital, officially enters the California market in May 2026, leveraging a strategic partnership with Cohen Financial Group to address the complex financing needs of California's real estate sector, thereby enhancing the company's competitiveness in the luxury market.
- Financing Solutions: Elliman Capital offers a comprehensive range of financing options, including conventional and jumbo loans, construction financing, and commercial loans, specifically designed to cater to self-employed individuals and foreign national borrowers, thereby enhancing the company's service capabilities to a diverse client base.
- Enhanced Client Experience: By partnering with Mark Cohen, Elliman Capital can provide tailored financing strategies, ensuring that clients enjoy a seamless service experience at every stage of the transaction in the complex lending environment of Los Angeles.
- Technology Integration: The Elliman Capital platform incorporates advanced technology to streamline the loan process, allowing agents to track loan progress in real-time, thus improving the overall client experience from initial property search to transaction completion, further solidifying Douglas Elliman's market position.
See More
Douglas Elliman Expands Financing Solutions to California Market
- Market Expansion: Douglas Elliman's in-house mortgage platform, Elliman Capital, entered the California market in May 2026, leveraging a strategic partnership with Cohen Financial Group to enhance its financing capabilities in a complex competitive landscape, thereby improving client experience.
- Diverse Financing Products: Elliman Capital offers a comprehensive range of financing options, including conventional loans, construction financing, and commercial loans, specifically targeting self-employed individuals and foreign nationals, which enhances its competitiveness in the market.
- Technology Integration: The new platform simplifies the mortgage application and approval process through advanced technology, allowing Douglas Elliman agents to track loan progress in real-time, ensuring a seamless experience from initial property search to closing, thus increasing customer satisfaction.
- Expert Collaboration: Mark Cohen of Cohen Financial Group will serve as Elliman Capital's mortgage broker, utilizing his extensive experience in luxury financing to provide tailored lending strategies that address complex transaction needs, thereby enhancing the company's service capabilities in the high-end market.
See More
Douglas Elliman Appoints New President to Lead National Brokerage
- Leadership Change: Douglas Elliman has appointed Lena Johnson as President of National Brokerage, aiming to further solidify its leadership in the global luxury real estate market, enhance agent performance, and deliver a differentiated experience for clients.
- Market Strategy: Johnson will focus on expanding Douglas Elliman's presence in key luxury growth markets while strengthening its leadership in established markets, ensuring the company maintains its competitive edge in a challenging landscape.
- Talent Attraction and Investment: Her strategy includes attracting top-tier talent and investing in tools and support for agents, emphasizing close collaboration with the agent community to enhance overall productivity and market responsiveness.
- Brand Positioning: Johnson believes that Douglas Elliman, as a brand with both heritage and agility, can provide a more personalized and elevated service experience than larger institutional competitors, allowing it to stand out in the luxury real estate market.
See More
Douglas Elliman Appoints New President to Lead National Brokerage
- Leadership Change: Douglas Elliman has appointed Lena Johnson as President of National Brokerage, aiming to further solidify its leadership in the global luxury real estate market, enhance agent performance, and provide a differentiated experience for clients.
- Extensive Industry Experience: Johnson previously served as Chief Marketing Officer at ONE Sotheby's International Realty, bringing rich leadership experience from luxury, media, and lifestyle sectors, which positions her to attract top talent and elevate client experiences.
- Strategic Focus: Her strategy will emphasize leveraging Douglas Elliman's scale and independence to create a differentiated value proposition in a competitive landscape while expanding the firm's presence in key luxury growth markets globally.
- Commitment to Innovation and Growth: Johnson's appointment underscores Douglas Elliman's ongoing commitment to innovation, growth, and leadership in the global luxury real estate sector, which is expected to drive the company's future success.
See More
DOUGLAS ELLIMAN INC - CERTAIN INSURERS TO FINANCE SETTLEMENT - SEC FILING
Settlement Overview: Douglas Elliman is involved in a settlement with some of its insurers regarding funding issues.
Legal Context: The settlement is part of ongoing legal proceedings related to the company's financial obligations and insurance claims.
See More
Groundbreaking Ceremony for Casa Avenida Luxury Townhomes
- Groundbreaking Event: Kastelo Development and 4TRO Development celebrated the groundbreaking of Casa Avenida in Delray Beach, Florida, marking the official start of this four-story luxury townhome community, which is expected to attract high-end buyers and invigorate the local real estate market.
- Project Features: Casa Avenida consists of eight residences with floorplans ranging from 2,804 to 3,336 square feet, offering three to five-bedroom options designed to meet the high-end market's demand for space and privacy, thereby enhancing the project's competitive edge.
- Design and Amenities: Each residence is equipped with private elevators, spacious terraces, and top-of-the-line finishes, blending modern architecture with contemporary design to provide a luxurious yet livable experience that appeals to buyers seeking high-quality living.
- Market Positioning: Located in a walkable core area of Delray Beach near Atlantic Avenue, the project combines coastal living with a vibrant downtown, expected to attract high-end clientele seeking convenience and privacy, thus driving sales growth.
See More
Douglas Elliman Launches Integrated Financing Solution in California
- Market Expansion: Douglas Elliman's in-house mortgage platform, Elliman Capital, officially enters the California market in May 2026, leveraging a strategic partnership with Cohen Financial Group to address the complex financing needs of California's real estate sector, thereby enhancing the company's competitiveness in the luxury market.
- Financing Solutions: Elliman Capital offers a comprehensive range of financing options, including conventional and jumbo loans, construction financing, and commercial loans, specifically designed to cater to self-employed individuals and foreign national borrowers, thereby enhancing the company's service capabilities to a diverse client base.
- Enhanced Client Experience: By partnering with Mark Cohen, Elliman Capital can provide tailored financing strategies, ensuring that clients enjoy a seamless service experience at every stage of the transaction in the complex lending environment of Los Angeles.
- Technology Integration: The Elliman Capital platform incorporates advanced technology to streamline the loan process, allowing agents to track loan progress in real-time, thus improving the overall client experience from initial property search to transaction completion, further solidifying Douglas Elliman's market position.
See More
Douglas Elliman Expands Financing Solutions to California Market
- Market Expansion: Douglas Elliman's in-house mortgage platform, Elliman Capital, entered the California market in May 2026, leveraging a strategic partnership with Cohen Financial Group to enhance its financing capabilities in a complex competitive landscape, thereby improving client experience.
- Diverse Financing Products: Elliman Capital offers a comprehensive range of financing options, including conventional loans, construction financing, and commercial loans, specifically targeting self-employed individuals and foreign nationals, which enhances its competitiveness in the market.
- Technology Integration: The new platform simplifies the mortgage application and approval process through advanced technology, allowing Douglas Elliman agents to track loan progress in real-time, ensuring a seamless experience from initial property search to closing, thus increasing customer satisfaction.
- Expert Collaboration: Mark Cohen of Cohen Financial Group will serve as Elliman Capital's mortgage broker, utilizing his extensive experience in luxury financing to provide tailored lending strategies that address complex transaction needs, thereby enhancing the company's service capabilities in the high-end market.
See More
Douglas Elliman Appoints New President to Lead National Brokerage
- Leadership Change: Douglas Elliman has appointed Lena Johnson as President of National Brokerage, aiming to further solidify its leadership in the global luxury real estate market, enhance agent performance, and deliver a differentiated experience for clients.
- Market Strategy: Johnson will focus on expanding Douglas Elliman's presence in key luxury growth markets while strengthening its leadership in established markets, ensuring the company maintains its competitive edge in a challenging landscape.
- Talent Attraction and Investment: Her strategy includes attracting top-tier talent and investing in tools and support for agents, emphasizing close collaboration with the agent community to enhance overall productivity and market responsiveness.
- Brand Positioning: Johnson believes that Douglas Elliman, as a brand with both heritage and agility, can provide a more personalized and elevated service experience than larger institutional competitors, allowing it to stand out in the luxury real estate market.
See More
Douglas Elliman Appoints New President to Lead National Brokerage
- Leadership Change: Douglas Elliman has appointed Lena Johnson as President of National Brokerage, aiming to further solidify its leadership in the global luxury real estate market, enhance agent performance, and provide a differentiated experience for clients.
- Extensive Industry Experience: Johnson previously served as Chief Marketing Officer at ONE Sotheby's International Realty, bringing rich leadership experience from luxury, media, and lifestyle sectors, which positions her to attract top talent and elevate client experiences.
- Strategic Focus: Her strategy will emphasize leveraging Douglas Elliman's scale and independence to create a differentiated value proposition in a competitive landscape while expanding the firm's presence in key luxury growth markets globally.
- Commitment to Innovation and Growth: Johnson's appointment underscores Douglas Elliman's ongoing commitment to innovation, growth, and leadership in the global luxury real estate sector, which is expected to drive the company's future success.
See More
DOUGLAS ELLIMAN INC - CERTAIN INSURERS TO FINANCE SETTLEMENT - SEC FILING
Settlement Overview: Douglas Elliman is involved in a settlement with some of its insurers regarding funding issues.
Legal Context: The settlement is part of ongoing legal proceedings related to the company's financial obligations and insurance claims.
See More
