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CRA to hire CBRE to review Performing Arts Center; commissioners debate delaying landlord-plan approval

Boca Raton Community Redevelopment Agency · October 7, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

CRA Director Mr. Brown said the agency will contract CBRE (with Turner & Townsend expertise) to review the Center for Arts and Innovation and its PCDA; some commissioners urged delaying approval of updated landlord plans until a consultant can vet updated financials and cost estimates.

CRA Director Mr. Brown told the Boca Raton Community Redevelopment Agency that the CRA plans to contract with CBRE to serve as a consultant and owner’s representative to review the Center for Arts and Innovation and the associated Preconstruction and Development Agreement.

“We are going to be contracting with CBRE to provide, consulting services to the city and CRA for the purpose of reviewing the center,” Mr. Brown said, describing CBRE as a large commercial real-estate firm that will bring specialists in cost consultancy, construction management and financial consulting; he said Turner & Townsend will provide cultural-arts expertise on the team.

Brown said the…

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