New Urban Communities

What New Urban Communities does

New Urban Communities is a privately-held residential and mixed-use real estate developer founded in 2005 by Kevin Rickard and Tim Hernandez and headquartered in Delray Beach, Florida. The company develops small, walkable, infill communities across South Florida, with 16 completed communities and five currently active: Atlantic Grove (for-sale townhomes in Delray Beach starting in the mid-$700s), Satinleaf (29 single-family homes in Sunrise), Haney Creek Crossing (rental single-family homes and townhomes in Stuart), The Centre at Abacoa (20 affordable apartments plus 6,300 sf of commercial space in Jupiter), and Pompano Beach Fishing Village (beachfront mixed-use with 7,000 sf of retail). All homes are built using steel reinforced concrete floors and exterior walls, hurricane-resistant windows, Energy Star appliances, and green building practices including drought-tolerant landscaping and proximity to public transportation.

The company generates revenue through three streams: one-time home sales across for-sale townhomes and single-family homes (with personalization through in-house design centers), recurring rental income from build-to-rent communities and affordable apartments, and subscription commercial leasing from mixed-use developments. Its go-to-market combines direct on-site sales representatives at each community, real estate agent referrals, online rental applications, and community-specific social media marketing on Instagram, TikTok, and Facebook. Customer segments span mid-market homebuyers seeking urban infill living, residential renters seeking single-family-home benefits without ownership responsibilities, workforce housing seekers near South Florida employers, and small commercial tenants.

Differentiators include 30-plus-year trade relationships, a 20-year track record with locally recognized projects, embedded relationships with Delray Beach CRA-area nonprofits (TED Center, Delray Beach Community Development Corporation) and co-developers (Caster Developers), and a consistent focus on infill rather than greenfield development. The company maintains dedicated customer service and warranty infrastructure (warranty@ and [email protected]) and is a member of an Equal Housing Opportunity-marked organization. There is no disclosed institutional investor, parent company, or public market presence.

Name

New Urban Communities

Legal name

New Urban Communities

Website

https://newurbancommunities.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Short description

New Urban Communities is a privately-held South Florida real estate developer, founded in 2005, that builds small, walkable, infill for-sale and for-rent residential and mixed-use communities using steel reinforced concrete construction, targeting mid-market homebuyers, renters, workforce housing seekers, and small commercial tenants across the region.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

Residential Building Construction (23611), New Housing For-Sale Builders (236117), New Multifamily Housing Construction (except For-Sale Builders) (236116)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520), Operators Of Apartment Buildings (6513)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industries

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB), Retail & Mixed-Use Commercial Construction (IMAFACAB)

Keywords

• Residential real estate development
• New construction homes
• Walkable community design
• Townhome community development
• Mixed-use property development

Headquarters

HQ city

Delray Beach

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Home Sales: Sale of single-family homes, townhomes, and lofts to buyers. Pricing varies by community (e.g., Atlantic Grove starting from mid $700s). Includes options for personalization through design center selections.
2. Rental Income: Leasing of single family homes, townhomes, and apartments. Haney Creek Crossing offers rental homes with amenities including pool maintenance and landscaping included. The Centre at Abacoa offers affordable apartments.
3. Commercial Space Leasing: Leasing of retail and office space within mixed-use developments. The Centre at Abacoa has approximately 6,300 square feet of office and retail space available in spaces as small as 642 square feet. Pompano Beach Fishing Village includes 7,000 square feet of ground floor retail space.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

New Urban Communities is a South Florida residential real estate developer that builds and sells for-sale single-family homes and townhomes and operates for-rent residential communities (single-family rentals, townhomes, and affordably priced apartments). The company also develops mixed-use properties that include commercial retail and office space alongside residential units. Construction emphasizes steel-reinforced concrete, hurricane-resistant windows, Energy Star appliances, and green building practices on small, walkable infill sites near employment and recreation.

Product overview

New Urban Communities is a residential real estate developer offering a portfolio of for-sale and for-rent housing products across South Florida. Their active product portfolio includes five current communities: Atlantic Grove (for-sale townhomes in Delray Beach), Haney Creek Crossing (rental single-family homes and townhomes in Stuart), Pompano Beach Fishing Village (beachfront mixed-use with retail), Satinleaf (for-sale single-family homes in Sunrise), and The Centre at Abacoa (affordable apartments with commercial space in Jupiter). The company builds both single-family homes and townhomes, with homes featuring steel-reinforced concrete construction, high ceilings, hurricane-resistant windows, and Energy Star appliances. Communities are designed as walkable, sustainable neighborhoods close to employment, shopping, and recreation. New Urban also maintains a portfolio of completed communities throughout South Florida including The Village at Wilton Manors, Botanica Jupiter, CODA Delray Beach, and others.

Differentiator

Problem solved

Functional benefit

Products and services

• Atlantic Grove Townhome community in downtown Delray Beach, FL featuring Anglo-Caribbean architecture, open modern interiors, design center personalization options, located one mile from the beach with prices starting from the mid $700s.
• Haney Creek Crossing For-rent single-family homes and townhomes in Stuart, FL providing homeownership advantages without maintenance responsibilities; pool maintenance, lawn care, and landscaping are included with monthly rent.
• Pompano Beach Fishing Village Beachfront mixed-use development in Pompano Beach, FL featuring restaurants, retail shopping with oceanfront views; Phase 1 includes a 610-space parking garage and 7,000 sf of ground floor retail.
• Satinleaf Community of 29 newly constructed single-family homes in Sunrise, FL with 3 and 4 bedroom options, 1 or 2 car garages, high ceilings, hurricane-resistant windows, both front porch and patio; HOA maintains pool and landscaping.
• The Centre at Abacoa Mixed-use development in Jupiter, FL offering 20 affordably priced apartments with high ceilings plus approximately 6,300 sf of office and retail space (units as small as 642 sf), located near the Abacoa Greenway system and Jupiter's beach.

Quantifiable outcome

• Homes built with Energy Star appliances keep utility costs lower and reduce energy demand
• +1 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered minor and core.

• Caster Developers of Delray BeachminorStrategic or Co-development PartnerJoint venture partner with New Urban on the Old Palm Grove development in Delray Beach. New Urban served as managing partner on the project which included 33 single family homes and 11 townhomes on 4.6 acres. This was a significant mixed-use project in the North Federal Highway corridor.
• TED CenterminorStrategic or Co-development PartnerLocal not-for-profit partner in the Atlantic Grove joint venture development in Delray Beach. Atlantic Grove was a seminal mixed-use development encompassing 55 townhomes, 20 lofts, and 48,000 sf of retail/restaurant/office space.
• Delray Beach Community Development CorporationminorStrategic or Co-development PartnerLocal not-for-profit partner in the Atlantic Grove joint venture development in Delray Beach, located in the Delray Beach CRA district.
• Water Taxi of Fort LauderdaleminorStrategic or Co-development PartnerNew water taxi stop being established just one block from Pompano Beach Fishing Village development, providing unique waterfront access for residents and visitors.
• Quality Brand Name SupplierscoreOthersLong-standing partnerships with name brand suppliers for key building components. Some trades relationships span 30+ years, resulting in better teamwork during construction and fewer post-sale service calls.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Habitat for Humanity of South Florida: Non-profit affordable housing developer building single-family homes and townhomes for low-income buyers in South Florida. Comparable in building affordable, workforce housing in similar geographies, though operating under a non-profit model rather than for-profit.

Direct peers

• Atlantic Pacific Communities: Florida-focused residential developer building for-sale homes, townhomes, and mixed-use communities in South Florida. Headquartered in Boca Raton, comparable to New Urban Communities in product type, target market, and regional focus.
• The Related Group: Miami-based real estate development firm specializing in luxury and mixed-use residential condominium developments throughout South Florida. Comparable in focus on urban, walkable communities and mixed-use product, though more concentrated in high-rise condo product.
• Kolter Homes: Florida-based homebuilder with a strong South Florida presence developing for-sale single-family homes, townhomes, and luxury condominiums in walkable, amenity-rich communities. Highly comparable to New Urban Communities in product type, geography, and target buyer.

Broad incumbents

• DR Horton: Largest US homebuilder by volume with extensive Florida operations spanning entry-level to move-up homes. Competes with New Urban Communities across South Florida for buyers and land, though at a much larger scale and broader price band.
• Mattamy Homes: Largest privately-owned homebuilder in North America with significant operations in Florida. Competes with New Urban Communities in the for-sale single-family and townhome market in South Florida, though at much larger scale and broader geography.
• Lennar Corporation: One of the largest national homebuilders with significant operations throughout Florida, including South Florida. While much larger and broader in product mix, Lennar competes directly with New Urban Communities for land, buyers, and labor in the same regional markets.
• Toll Brothers: National luxury homebuilder with a meaningful presence in Florida, including South Florida. Competes in the for-sale townhome and single-family segment that New Urban Communities targets, though at a larger scale and broader geographic footprint.
• PulteGroup: Top-3 national homebuilder with multiple brands (Centex, Del Webb, Pulte Homes, John Wieland) covering entry-level to active-adult segments. Active across Florida including South Florida, competing for buyers and land in markets where New Urban Communities operates.

Regional players

• GL Homes: Florida-based homebuilder focused on luxury single-family homes and active-adult communities, primarily in South Florida. Comparable in quality construction focus and regional concentration, though more weighted toward large master-planned communities.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Instagraminstagram.com/haneycreekcrossingfl
• TikToktiktok.com/@centreatabacoa
• Facebookfacebook.com/profile.php?id=61582266456424

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about New Urban Communities