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Delray Beach CRA approves $15,000 feasibility studies for two parcels after debate over priorities
Summary
The Delray Beach Community Redevelopment Agency approved hiring an architect for due-diligence studies on two privately owned parcels after debate over whether limited CRA resources should instead be focused on West Atlantic Avenue redevelopment.
The Delray Beach Community Redevelopment Agency voted to authorize up to $15,000 to hire an architect to produce due-diligence assessments for two privately owned parcels being discussed for potential affordable or workforce housing development.
Renee Jadison, the CRA executive director, told the board the two properties under consideration include warehouse parcels in the Artist Alley area on Northeast Fourth Street and a parcel on North Federal Highway. She said recent appraisals for the parcels came back in the roughly $19 million–$22 million range and that one owner indicated willingness to negotiate or develop with a proposed split of…
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