TO: CRA Board of Commissioners
FROM: Christine Tibbs, Assistant Director
THROUGH: Renée A. Jadusingh, Executive Director
DATE: September 30, 2025
Title
UPDATE AND NOTICE OF INTENT TO LEASE FOR ONE (1) FIRST FLOOR TENANT BAY - 98 NW 5TH AVENUE, EDMONDS BAINE BUILDING
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Recommended Action:
Recommendation
Provide direction on issuing the Notice of Intent to Lease, in substantially the same form as attached as Exhibit B, one (1) first-floor tenant bay at the CRA-owned property at 98 NW 5th Avenue.
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Background:
98 NW 5th Avenue, now known as the Edmonds Baine Building, is located within the City of Delray Beach’s West Settler’s Historic District, and the CRA’s Community Redevelopment Plan (Plan) identifies the NW/SW 5th Avenue corridor within the NW & SW 5th Avenue Beautification Project #2.1 (Project #2.1). The objective of Project #2.1 is to revitalize the NW & SW 5th Avenue corridor into a thriving district for neighborhood businesses and cultural activities with the strategic provision of diverse neighborhood shopping, services, and cultural facilities that will serve to enhance overall business activity and pedestrian activity in the area. The construction of affordable commercial, retail, and professional office space in the Northwest Neighborhood if The Set at 98 NW 5th Avenue is one way the Delray Beach CRA is by ensuring that this objective is realized.
The CRA entered into a Commercial Lease Agreement (Lease Agreement) with Touch of Posh Salon, LLC (Touch of Posh) for Suite 102 within the Edmonds Baine Building on June 1, 2024.
At the November 18, 2024 CRA Board Meeting, the CRA Board preliminarily approved a Site Development Funding Assistance grant in an amount not to exceed $35,171.25 to assist Touch of Posh with the cost of the interior improvements. The intent was to avoid any potential delays related to receiving funding assistance approval and the finalization of the Funding Assistance Agreement would occur upon Touch of...
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