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Hallandale Beach CRA approves redevelopment agreement with Dragonfly Investments for former HB Medical Center site
Summary
The Hallandale Beach Community Redevelopment Agency on June 18 approved a redevelopment agreement with Dragonfly Investments LLC to build on the former HB Medical Center site, authorizing the executive director to execute the agreement; the board voted 5-0.
The Hallandale Beach Community Redevelopment Agency on June 18 approved a redevelopment agreement with Dragonfly Investments LLC to build on the former HB Medical Center site, authorizing the agency’s executive director to execute the agreement. The board voted 5-0 to approve the resolution.
The project described by Executive Director Dr. Earl would be a 12-story building with roughly 175 residential units and ground-floor retail, and he said the total investment would be about $70,000,000. Dr. Earl told the board the CRA’s proposed contribution would be about $6.2 million and that Broward County has indicated it is supportive and “will also seek to kick in $6,000,000” as part of incentives, though county funding remains subject to Broward County’s approvals.
Dr. Earl summarized the selection process and programing: “This is, the project that was on the old HB Medical Center site. It's across from city center. There was an RFP process. Dragonfly Investments won that RFP process through a few other firms as well.” He said the developer has committed to a minimum requirement of 50 percent affordable housing and that the developer is seeking to include more affordable units than that minimum.
The developer, identified in the record as Irvin, confirmed Dr. Earl’s summary but said tenant leasing is still under discussion. When asked about retail tenants, Dr. Earl said the project would include roughly 15,000 square feet of retail space and that the CRA would have about 1,000 square feet reserved for CRA use; the developer said interior retail space configuration is a challenge and that specific tenants have not been finalized.
Board discussion focused on the scale of the project, affordability levels and commercial viability. Chair Cooper expressed concern about ground-floor retail in mixed-use developments, citing prior local projects where retail remained vacant. Cooper said she has observed that “retails end up sitting empty,” and urged developers and city staff to pursue tenant strategies and incentives so storefronts do not remain vacant on the Dixie Highway corridor.
The resolution approved by the board authorizes the executive director to execute the redevelopment agreement with Dragonfly Investments LLC and to take related steps described in the agreement. The motion passed 5-0. Broward County’s potential incentive contribution was described as conditional on county approval and further steps by the CRA and the developer.
Next steps were not specified on the record beyond the board’s authorization for the executive director to execute the agreement; the transcript records no additional timelines or final permitting milestones. The meeting adjourned after the vote.
