TO: CRA Board of Commissioners
FROM: Christine Tibbs, Assistant Director
THROUGH: Renée A. Jadusingh, Esq., Executive Director
DATE: March 25, 2025
Title
NOTICE OF INTENT TO LEASE TWO (2) TENANT BAYS AT 102 NW 5TH AVENUE - SUITE 108 AND 110.
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Recommended Action:
Recommendation
Provide direction on issuing the Notice of Intent to Lease for the two (2) tenant bays (Suite 108 and 110) at the CRA-owned property at 102 NW 5th Avenue.
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Background:
The CRA purchased 102 NW 5th Avenue (Subject Property) in March 2024. The Subject Property is located along the historic NW & SW 5th Avenue corridor within the West Settlers Historic District. The Subject Property is a one-story commercial building with five (5) tenant bays and is zoned CBD - Central Business District. This area was once a vital commercial and institutional corridor comprised of black-owned businesses in The Set neighborhood.
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 development and maintenance of affordable commercial space in the Northwest Neighborhood is one way the Delray Beach CRA is by ensuring that this objective is realized.
At the February 25, 2025, CRA Board meeting, the CRA Board approved the issuance of an ITB for exterior improvements to the building that include: stucco repair, paint, updated signage, hurricane rated doors and windows.
At this time, two (2) of the tenant bays in the Subject Property are currently vacant - Suite 108 and 110. The two (2) tenant bays were previously used as one (1) food establishm...
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