The developer announced that SKJÓL had officially broken ground, with more than $70 million in contracted sales and vertical construction expected to begin in fall 2026.
In its July 2026 community progress update, the developer said SKJÓL had officially broken ground, with final earthwork and utility site preparation underway, and that vertical construction was anticipated to begin in fall 2026.
The update also reported more than $70 million in contracted sales.
What it means for buyers: breaking ground moves a project from plans to construction, but closings happen only at completion. Ask how deposits are protected and what the contract says about delays.