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CRA study finds parking and infrastructure would limit housing yields on Artists Alley and Federal Highway sites
Summary
Peacock Architects' due diligence review found that parking, building support spaces, FDOT/railroad adjacency, and lack of detailed surveys substantially limit theoretical housing yields on the Artists Alley and North Federal Highway parcels; commissioners raised cost and funding concerns and took no acquisition action.
Delray Beach CRA staff presented a Peacock Architects due-diligence study that evaluated redevelopment potential for the Artists Alley parcels (330–358 NE 4th Street) and two parcels on North Federal Highway (2400 and 2410 N. Federal Highway). The study produced high-level unit-yield scenarios but concluded practical yields were governed primarily by parking capacity and by unassessed constraints the architect did not evaluate at this stage.
"The analysis is an order-of-magnitude assessment to test regulatory feasibility and planning-level residential capacity," Christine (CRA staff presenting the study) said, explaining the study did not include a full traffic analysis, certified…
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