FaverGray Breaks Ground on 314-Unit Ocean Village Apartments in Palm Coast

8/2/25

FaverGray is proud to announce the groundbreaking of Ocean Village Apartments, a new luxury multifamily development located off State Road 100 in Palm Coast, Florida. Scheduled for delivery in July 2027, the community will bring 314 upscale apartment units to this scenic coastal location.

Spanning a 20-acre site just minutes from Flagler Beach, Ocean Village will feature a mix of 3-story and 4-story buildings, offering residents six thoughtfully designed unit types. Each apartment will include high-end finishes such as stainless steel appliances, quartz countertops, luxury vinyl plank flooring, and upgraded cabinetry.

The development is designed to embrace the area’s laid-back coastal lifestyle. Residents will enjoy ocean views, beach and pier access, and a vibrant community setting. A 10,000-square-foot clubhouse will anchor the amenity offerings, complete with leasing offices, private work rooms, a fitness and yoga studio, game lounge, and club room with bar.

Outdoor amenities will include a resort-style pool, fire pits, grilling stations, and spacious gathering areas ideal for relaxing or entertaining. Site enhancements will also feature resort-style landscaping, hardscaping, irrigation, sidewalks, and on-site pond construction, along with essential utility connections to public infrastructure.

The buildings will be constructed using wood framing, steel stairs, and precast elevator shafts, with fiber cement siding, stone accents, and architectural asphalt shingles for a coastal aesthetic. All slabs will be post-tensioned concrete on grade, designed for long-term durability.

Ocean Village represents FaverGray’s continued commitment to delivering high-quality multifamily communities that enhance Florida’s growing residential landscape.

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CEO |

James a. Gray

Gray co-founded FaverGray in 2005 and has more than 45 years of experience in design and construction management in the residential, commercial and industrial market sectors. As CEO, Gray is responsible for leading the development of FaverGray’s short and long term strategy, creating and implementing FaverGray’s vision and mission, maintaining awareness of the competitive market landscape, evaluating expansion opportunities and industry developments, maintaining social awareness and responsibility within FaverGray’s market sectors, assessing and managing corporate risks and management of banking and surety relationships.