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CRA approves amendment for Anchor Site project; developer secures additional financing terms
Summary
The CRA approved a third amendment to the development and ground‑lease agreement with Imacorp for the Anchor Site at Northwood Village, allowing lender‑required financing and schedule changes for the mixed‑use project.
The Community Redevelopment Agency unanimously approved Resolution 25‑22, authorizing a third amendment to the property development agreement and ground lease with Imacorp (Immacorp Capital) for the Anchor Site project at the west end of Northwood Village.
Chris Roog, executive director of the West Palm Beach CRA, reviewed the mixed‑use project — described in staff materials as three mixed‑use structures containing 382 rental units with substantial ground‑floor commercial space — and the…
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