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Riviera Beach CRA opens negotiations with Exact Capital Group for Broadway signature project
Summary
After presentations from two finalists, the CRA board voted to enter negotiations with Exact Capital Group to develop the mixed‑use Broadway signature project; the decision follows ranked presentations, committee scoring and commissioner questions about traffic, financing and local participation.
At its Jan. 22 meeting, the City of Riviera Beach Community Redevelopment Agency voted to enter exclusive negotiations with Exact Capital Group to develop the CRA’s Broadway signature project on the 26‑100/26‑01 parcels.
The CRA’s procurement director, Latanya Evans, told the board the Invitation to Negotiate (ITN 1136‑24‑3) produced three proposals; the evaluation committee ranked 262601 Broadway Partners highest overall (96.8 points), Exact Capital Group second (88.40), and Capodagli Property Company third (86). Board members heard 15‑minute oral presentations from Exact Capital and 262601 Broadway Partners and then each commissioner ranked the two finalists. Exact Capital received the majority ranking (4–1) and staff was directed to begin negotiations with that team.
The board’s discussion focused on traffic and site geometry at the Broadway/Blue Heron intersection, the project’s unit mix and parking,…
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