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City says ClearPath and Blue at Vero have formed joint venture for 3 Corners; negotiation phase expected next meeting
Summary
City staff reported that the selected developer ClearPath and the second-ranked team Blue at Vero have partnered to form a joint venture for the city’s 3 Corners project; staff will send the materials to financial reviewers and bring a request to move from pre-negotiation to negotiation at the next meeting.
City staff told the Vero Beach City Council that ClearPath, the selected developer for the 3 Corners project, and Blue at Vero (including Madison Marquette among its partners) have formed a joint venture and will prosecute the project together.
The city manager said staff received the correspondence late and are forwarding the submission to financial…
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