$250M master plan for downtown Boynton Beach moves forward

Private/public partnership could cost city about $65M, official says

TRD MIAMI /
Apr.April 20, 2017 01:00 PM

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


Related Articles

arrow_forward_ios
Jeff Greene and 1601 North Congress Avenue (Google Maps)

Jeff Greene buys hotel in Boynton Beach for $19M

Jeff Greene buys hotel in Boynton Beach for $19M
6405 West Boynton Beach Boulevard rendering, Pebb Enterprises President and CEO Ian Weiner

Sprouts-anchored mixed-use project in Boynton Beach scores $27M loan

Sprouts-anchored mixed-use project in Boynton Beach scores $27M loan
Gables Town Colony apartment complex, Sue Ansel of Gables Residential

Gables Residential scores $85M loan for Boca Raton apartment complex

Gables Residential scores $85M loan for Boca Raton apartment complex
From left: 3716 Embassy Drive in West Palm Beach and 80 Nottingham Place in Boynton Beach

South Florida properties involved in $85M debt relief scheme head to auction

South Florida properties involved in $85M debt relief scheme head to auction
The health conscious grocer Earth Fare will close its stores

Earth Fare will close South Florida stores

Earth Fare will close South Florida stores
1210 Southwest 35th Avenue and Elion Partners Shlomo Khoudari

Elion Partners pays $26M for Boynton Beach warehouses

Elion Partners pays $26M for Boynton Beach warehouses
Broadstone City Center with Alliance Residential’s Bruce Ward and Nuveen CEO Jose Minaya

Nuveen pays $103M for West Palm luxury apartments

Nuveen pays $103M for West Palm luxury apartments
Discovery Village at Boynton Beach and Michael Trieber of White Oak Healthcare Finance (Credit: Google Maps, White Oak)

Healthpeak sells Boynton Beach senior living property for $56M

Healthpeak sells Boynton Beach senior living property for $56M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...