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Nora district redevelopment: hotel opening, 350‑unit multifamily (52 workforce units) and $300M projected tax increment over 20 years
Summary
Place Projects and the CRA updated commissioners on the Nora district master plan. Phase 1 street and commercial work are complete; a hotel will open this fall; a 350‑unit multifamily building with 52 affordable/workforce units is planned; presenters projected roughly $300 million in cumulative tax increment across phases over 20 years.
Joe First of Place Projects and CRA deputy director Jade Green presented an update on the Nora district master plan and financing to the West Palm Beach CRA on Jan. 5, 2026.
Jade Green summarized the CRA’s role under the original agreement—public‑realm streetscape work, infrastructure upgrades, and tenant improvement grants—and said the CRA has paid for street improvements and commercial build‑out and has paid $1,000,000 in tenant‑improvement grants for fiscal years 2024–25. She said the only outstanding item in the…
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