Daytona Beach Apartment Complex Will Open in January
The 294-unit 400 Beach complex arrives in downtown Daytona Beach following a $110 million construction project.
Updated on Oct. 12, 2026 in Commercial
Live Poll
Should city governments provide tax breaks to private developers for building luxury apartment complexes?
The 400 Beach Apartments complex is scheduled to finish construction in late December 2026, with residents expected to move in on January 4, 2027. This six-story development in Daytona Beach includes 294 units and a 500-space parking garage.
Why it matters
The project represents a key step in the city's ongoing efforts to revitalize the downtown Daytona Beach area. The development proceeded after the city commission approved a $7.5 million tax incentive for the builder in 2021.
The complex features 294 units across six stories with studios starting at $1,800 monthly and one-bedroom units ranging from $1,900 to $2,300. Developers will receive an annual reimbursement of 80% of property taxes through a 2036 expiration date.
The players
Framework Group
This Tampa-based development firm manages the construction and oversight of the 400 Beach project.
Daytona Beach City Commission
The local governing body approved the tax-increment financing plan to facilitate downtown redevelopment.
The details
Framework Group utilized the Downtown Redevelopment Area tax-increment financing program to fund the $110 million project. An additional 24 units are slated for completion by February 2027 to supplement the initial building capacity.
Timeline
2021: Daytona Beach City Commission approved the tax incentive.
Late December 2026: The complex is scheduled to finish construction.
January 4, 2027: Residents are expected to move into the units.
February 2027: An additional 24 units are set for completion.
2036: The tax incentive and reimbursement agreement expires.
Culture Shift
This project exemplifies the growing reliance on tax-increment financing to attract high-density residential development into aging urban cores. By leveraging the Downtown Redevelopment Area program, the city aims to anchor long-term economic shifts toward downtown revitalization.
Prospective tenants can now plan for move-in dates starting in January 2027 with monthly rents beginning at $1,800. Residents in the downtown area should prepare for increased vehicle activity due to the new 500-space parking facility.
The takeaway
The addition of nearly 300 residential units marks a significant increase in downtown living capacity. Prospective renters should monitor the January opening to gauge how this supply shift influences the wider rental market in the surrounding district.
What happens next
Residents are scheduled to begin moving into the complex on January 4, 2027, followed by the completion of an additional 24 units in February 2027.
Further reading
Learn more about local economic growth through the Commercial real estate section.
Source note: This article includes information reported by The Daytona Beach News-Journal.
Live Poll
Should city governments provide tax breaks to private developers for building luxury apartment complexes?
