TO: CRA Board of Commissioners
FROM: Christine Tibbs, Assistant Director
THROUGH: Renée A. Jadusingh, Esq., Executive Director
DATE: May 30, 2024
Title
NOTICE OF INTENT TO LEASE FOR TWO (2) FIRST-FLOOR TENANT BAYS - 98 NW 5TH AVENUE, ONE (1) FIRST-FLOOR TENANT BAY - 135 NW 5th AVENUE, AND 186 NW 5TH AVE.
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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, the remaining two (2) first-floor tenant bays at the CRA-owned property at 98 NW 5th Avenue, one (1) first-floor tenant bay at 135 NW 5th Avenue (West Settlers Building), and the CRA-owned property at 186 NW 5th Ave (Harvel House).
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Background:
98 NW 5th Avenue, 135 NW 5th Avenue, and 186 NW 5th Avenue are all located along the historic NW & SW 5th Avenue corridor within the West Settlers Historic 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, retail, and professional office space in the Northwest Neighborhood at all three buildings is one way the Delray Beach CRA is by ensuring that this objective is realized.
At the January 23rd, 2024, CRA Board meeting, CRA staff provided an update to the Board that three tenants were selected to occupy three of the five first-floor bays at 98 NW 5th Avenue based on the selection process approved by the Board. The...
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