TO: CRA Board of Commissioners
FROM: Alexina Jeannite, Community Engagement Director
THROUGH: Renée A. Jadusingh, Esq., Executive Director
DATE: April 24, 2023
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NOTICE OF INTENT TO LEASE FOR FIVE (5) FIRST FLOOR TENANT BAYS - 98 NW 5TH AVENUE
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Recommended Action:
Recommendation
Provide direction on issuing the Notice of Intent to Lease the five (5) first floor tenant bays at the CRA-owned property at 98 NW 5th Avenue.
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Background:
98 NW 5th Avenue 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 at 98 NW 5th Avenue is one way the Delray Beach CRA is by ensuring that this objective is realized.
As the project is nearing completion, CRA Staff is ready to initiate the process to fill the five bays located on the first floor of the property. Each bay is approximately 600 square feet, including one (1) bathroom and a janitorial closet and will be leased at an affordable rate of approximately $20 per square foot. The intent of the CRA is to publish the Notice of Intent to Lease the five first floor tenant bays on Monday, May 1, 2023, and have the Submission Due Date be Thursday, June 15, 2023. Applications will be accessible online. Successful applicants can also request funding through the CRA’s Business Funding Assistance Programs for signage and/or to retrofit the interior space to meet their business...
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