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West Palm Beach CRA approves 1-year extension for Transit Village incentive agreement
Summary
The City of West Palm Beach Community Redevelopment Agency unanimously approved a 12-month extension to the incentive agreement with Transit Village LLC (Related Group) to allow additional time to begin vertical construction of a transit-oriented mixed-use project near the Tri-Rail station.
The City of West Palm Beach Community Redevelopment Agency on June 23 unanimously approved Resolution 25-27, extending the incentive agreement with Transit Village LLC for one year to allow the developer more time to begin vertical construction.
The extension covers the wedge parcel owned by Palm Beach County at the corner of Banyan Boulevard and Tamarind Avenue, just west of the Tri-Rail station. CRA staff said the project — known as Transit Village and led by Related Group — envisions four mixed-use towers, a public podium adjacent to the train station and workforce housing. Staff recommended the extension so the developer could proceed toward construction without losing the previously negotiated incentives.
CRA staff member Mr. Rube told the board the…
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