The Real Deal Miami

$250M master plan for downtown Boynton Beach moves forward

Private/public partnership could cost city about $65M, official says
April 20, 2017 01:00PM

Rendering of the downtown development

The city of Boynton Beach tapped a private developer to partner on its master plan to develop a downtown, a project that could cost roughly $250 million and include residential, hotel, park, assisted living and parking components.

Boynton will begin negotiations with E2L Real Estate Solutions of Winter Park and create a public/private partnership contract for the 16-acre site, which is east of I-96 off of Boynton Beach Boulevard. The contract would be up for a vote in June, the Palm Beach Post reported.

E2L’s team includes JKM Developers and REG Architects, the latter of which is led by Rick Gonzalez.

Out of the estimated $250 million project cost, the development could cost the city about $65 million. Unlike nearby cities like Delray Beach, which has Atlantic Avenue, Boynton lacks a real downtown. The proposed project, which is called Town Square, would have a new three-story city hall, a renovated high school, more than 450 apartments, townhomes, three parks, a new police department and fire station, and more.

Community workshops will be held through August, the newspaper said. The commission will vote on E2L’s plan after that. [Palm Beach Post] – Katherine Kallergis