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The Coastal Star – Business Spotlight: Ground broken for new hotel in Pineapple Grove

By Christine Davis Delray Beach-based Menin Development landed a $72 million loan to finance construction of the Ray, a 141-room hotel planned in the Pineapple Grove Arts District at 201 NE Second Ave., according to a June 6 Commercial Observer report. Madison Realty Capital provided the 24-month construction loan with extension options. The Ray will have a rooftop pool and bar, event space and two restaurants. Menin Development purchased the site for $26.6 million in 2016. Ground was broken on June 12. Construction will begin later this summer and is expected to be completed May 2021. Ground will be broken for Delray Beach Market, 33 SE Third Ave., another Menin Development project, later this summer. Touted as “Florida’s largest food hall,” with 60,000 square feet housing 35 curated vendors, the market is set for a grand opening in fall 2020. https://thecoastalstar.com/profiles/blogs/business-spotlight-ground-broken-for-new-hotel-in-pineapple-grove

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July 8, 2019|General

Delray Newspaper – Construction On The Ray Hotel Underway In Pineapple Grove

Folks visiting Delray’s Pineapple Grove Arts District will soon have a new place to stay. The Ray, a 141-room hotel, is under construction. Delray Beach-based Menin Development broke ground on the new hotel last month. “We are glad to get to this point,” Craig Menin said, adding the project has been in the works for the past three years. City officials joined the Menin team and Moss Construction employees, who will be in charge of construction for the ground breaking. “We are very excited,” Mayor Shelly Petrolia said. When it opens, the hotel will be part of the Curio Collection by Hilton. It will feature a new architectural style for the city billed as “Tropical Modernism.” Elements include living walls, rooftop garden, courtyards, large-scale sculptures and art installations. There will be a 20,000-square-foot rooftop pool deck with lounge areas and cabanas. There will be rooftop yoga, fitness and massage areas…

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July 2, 2019|General

ABC WPBF 25 – The Ray Groundbreaking

https://drive.google.com/file/d/1P9kg_REXSe4cRozCnSWfHQjFj9VlYgmv/view

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June 20, 2019|General

CBS 12 News – The Ray Groundbreaking

https://drive.google.com/file/d/1ZpEuEHZzA6fk490Cqxp3zojdi1DtRqiq/view

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June 20, 2019|General

CBS12 – Environmentally friendly hotel to open in 2021

DELRAY BEACH, Fla. (CBS12) — An environmentally friendly hotel is set to open in Palm Beach County. Developers broke ground on the ray hotel this morning in Delray Beach. The hotel will feature tropical modernism architecture, meaning living walls, rooftop gardens and large scale sculptures. Guests will be able to enjoy a rooftop pool deck and a private event space which will be a floating glass cube. The hotel is expected to welcome its first guests in may of 2021. https://cbs12.com/news/local/environmentally-friendly-hotel-to-open-in-2021

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June 18, 2019|General

SFBJ – Hotel to break ground in Delray Beach’s Pineapple Grove Arts District

By Matthew Arrojas and Brian Bandell The 141-room Ray hotel in the Pineapple Grove Arts District is set to welcome guests starting in May 2021. At 201 NE 2nd Ave. in Delray Beach, the Ray will be operated by Hilton (NYSE: HLT) under its Curio brand and is being developed by Delray Beach-based Menin Development. The hotel features living walls outside and multiple rooftop gardens, and will also have two floors, underground parking, a glass cube event space with a capacity for 300 people and a 20,000-square-foot rooftop pool deck. NE 2nd Ave Delray 1 LLC, an affiliate of Madison Realty Capital in New York, assumed the $18.2 million mortgage originally granted on the property in 2016 and boosted it to $67 million. The borrower is Grove Rosebud Two LLC, an affiliate of Menin Development. It covers the 1.9-acre site at 233-279 NE 2nd Ave., in the Pineapple Grove neighborhood….

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June 18, 2019|General

The Palm Beach Post – Take a look at new Delray hotel project, the Ray

The project’s developer, Developer Menin, said the Ray’s design is “Tropical Modernism.” The project comes amid a spike in hotel construction with an emphasis on themed and boutique developments. Menin Development broke ground on a new hotel in Delray Beach Wednesday morning. The hotel, the Ray, is expected to be completed in May 2021. The project comes amid a spike in hotel and lodging construction in Palm Beach County, with an emphasis on themed and boutique developments. The 141-room Ray falls in line with that trend. Developer Menin said it is being design is “Tropical Modernism” and features “oversized” rooms and a 20,000 square foot rooftop pool deck. The project also includes a private event space for up to 300 hosted in a “floating” glass cube, large-scale sculptures and art installations plus two floors of underground parking. The Ray’s dining amenities will also include a restaurant by Japanese chef signature…

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June 18, 2019|General

New Times – Delray Beach Will Soon Be Home to a Michelin-Starred Chef and Florida’s Largest Food Hall

Delray Beach will see two big construction projects begin this summer: the Ray and Delray City Market. Together, they will make Delray Beach home to a Michelin-starred chef and the state’s largest food hall. The Ray, a hotel located at 201 NE Second Ave., hosted its groundbreaking ceremony this past Wednesday, June 12. The 141-room hotel will boast a tropical-modernist theme brought to life by living walls, multiple rooftop gardens, and a number of large-scale sculptures and art installations. Guests will be able to choose from a variety of entertainment options, including a 20,000-square-foot rooftop pool deck and a private event space for up to 300 guests hosted in a “floating” glass cube. The hotel is expected to welcome its first visitors in May 2021. “People who have been coming to Delray Beach for many years, have been amazed at the [city’s] transformation… into the region’s premier beach community and…

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June 18, 2019|General

The Real Deal – Menin Development borrows $72M to build boutique hotel in downtown Delray

South Florida real estate developer Menin Development landed a $72 million loan to finance construction of The Ray, a 141-room hotel planned in downtown Delray Beach. Madison Realty Capital provided the 24-month construction loan with extension options. Hilton will manage The Ray and fold the boutique hotel into its Curio Collection brand. The Ray will feature a 20,000-square-foot pool deck, event space for as many as 300 guests, and a restaurant led by Akira Back, a Korean chef who also oversees restaurants in California, Las Vegas and Texas. Delray Beach-based Menin Development purchased the site of the hotel development for $26.6 million in 2016. The property purchase included a 17,000-square-foot strip mall called Esplande Plaza, which remains operational and serves as part of the collateral for the construction loan from Madison Realty Capital. “We believe in the product they’re delivering here. There’s a void in the market for this type…

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June 17, 2019|General

WPTV – Channel 5. Florida’s largest food hall to open in Delray Beach

A brand new, 60,000-square-foot food hall is coming to Delray Beach that will feature 35 chefs and operators. According to Brand Story Communications, groundbreaking is scheduled to occur later this summer at the corner of Southeast Third Avenue and Southeast First Street, which is just off Atlantic Avenue. https://www.wptv.com/news/region-s-palm-beach-county/delray-beach/floridas-largest-food-hall-to-open-in-delray-beach-in-2020?fbclid=IwAR2sFI7fdy1d4b1GihYml9Gv-qF-da71s7MzLop4jYXrJkSjJaGGRcAlYPk

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June 6, 2019|General