Delray Beach rejects six-acre property sale to Irish developer

Atlantic Uptown LLC, led by John Flynn, offered $2 million for property on West Atlantic Avenue valued at $15 million

Miami /
Aug.August 18, 2018 10:00 AM

Uptown Atlantic project rendering

UPDATED, Nov. 26, 9:19 a.m.: The Delray Beach Community Redevelopment Agency (CRA) rejected a proposal to sell six acres on West Atlantic Avenue to an Irish developer who planned to build a mixed-use project there.

The CRA board decided in a 4-3 vote against selling the land to Uptown Atlantic LLC, owned by developer John Flynn.

Mayor Shelly Petrolia, who voted for the sale of the six-acre property to Flynn, said the CRA’s decision means a redevelopment of the property won’t start for at least three years.

Flynn offered to pay the city $2 million for the land in the 600, 700 and 800 blocks of West Atlantic Avenue in Delray Beach and to develop residential units and commercial space for offices, retail stores and a grocery store.

The land is valued at $15 million, and opponents of a $2 million deal with Flynn attended the CRA meeting Wednesday wearing T-shirts that read, “Say No to Delray’s $13 million giveaway.”

The CRA had higher offers to buy the six-acre property from other developers but negotiated with Flynn to accelerate development of the property, a historically African-American neighborhood.

Flynn and his wife own a Dublin-based real estate development company with projects in Ireland and England.  [Sun-Sentinel] – Mike Seemuth

An earlier version of this story misidentified the developer.


Related Articles

arrow_forward_ios
David Grutman and Pharrell’s Goodtime Hotel had received nearly 30 noise violations (Carma Connected, Getty)
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Related Companies Chairman Stephen Ross with One Flagler (Related, Getty)
Prayers answered? Related Companies closes on church site for planned office tower in downtown West Palm
Prayers answered? Related Companies closes on church site for planned office tower in downtown West Palm
Grover Corlew principal Mark Corlew with Bank of America Tower in Boca Raton (Grover Corlew)
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
The partially collapsed 12-story Champlain Towers South condo building (Getty)
Inside the tug-of-war over the Surfside condo site’s future
Inside the tug-of-war over the Surfside condo site’s future
Randal Perkins and the Delray Beach house (AshBritt, Douglas Elliman via Getty)
AshBritt founder flips oceanfront Delray Beach mansion for $22M
AshBritt founder flips oceanfront Delray Beach mansion for $22M
Moishe Mana and the downtown parking lot he purchased (Google Maps, Getty)
Moishe Mana expands downtown Miami assemblage with $12M purchase
Moishe Mana expands downtown Miami assemblage with $12M purchase
Alta Congress apartments at 250 Congress Park Road in Delray Beach and Crow Holdings CEO Michael Levy (Alta Congress, Crown Holdings)
Crow Holdings buys Delray Beach apartments for $112M
Crow Holdings buys Delray Beach apartments for $112M
 Adam Neumann (Getty, Bal Harbour Florida)
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
arrow_forward_ios

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

Loading...