Delray CRA to hear redevelopment proposals for West Atlantic Ave; developers compete for 6.23 acres

DELRAY BEACH, Fla. - Oct. 3, 2013 - PRLog -- The Delray Beach Community Redevelopment Agency Board of Commissioners will hear presentations from three development groups vying for a chance to redevelop land along the West Atlantic Avenue Corridor at a meeting scheduled for 5:30 p.m. on Thursday, October 10, 2013. The presentations will be given during the regular CRA Board meeting, which will take place in the City Commission Chambers at the Delray Beach City Hall, 150 NW 1^st Avenue.

In August, the CRA received three responses to a Request for Proposals (RFP) for 6.23 acres of land, between SW 6^th and 9^th Avenues. The proposals call for a variety of mixed-used buildings, including residential units, Class A office space, retail, and other community service businesses. The developers scheduled to present include Equity Enterprises USA; Jones New Urban Delray; and Prime Investors & Developers, the developers of the Fairfield Inn hotel in the 900-block of West Atlantic Avenue as a result of a 2010 CRA-issued RFP.

In September, the CRA previously heard a financial analysis of the three proposals. The board is expected to make a decision on the RFP at the meeting scheduled for October 24, 2013. The CRA will allow members of the public to give their opinions about the development proposals at both October meetings.

Copies of all three developer proposals, along with a copy of the RFP and supporting documents, are available for review and download on the CRA website at http://www.delraycra.org/index.php?option=com_content&task=view&id=295&Itemid=1. For more information about the Delray Beach CRA, call the CRA office at (561) 276-8640. To learn more about the CRA, its programs and initiatives, visit the CRA website at www.delraycra.org.