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CRA approves amendment to Anchor Site agreement to accommodate new construction financing and schedule change
Summary
The board approved Resolution 25-22 to amend the property development agreement and ground lease with ImaCor for the Anchor Site (District at Northwood) to reflect new construction financing requirements from Centennial Bank, higher subcontractor bonding, and an extended completion schedule.
The Community Redevelopment Agency on April 14 approved Resolution 25-22, a third amendment to the property development agreement and ground lease with ImaCor (ImaCorp) for the Anchor Site — the project now referred to as the District at Northwood.
Chris Roog, executive director of the West Palm Beach CRA, said the mixed-use project is currently under construction and includes three buildings with a total of 382 rental units and additional commercial space intended to…
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