CBRE and City of Riviera Beach Move Forward With 80-Acre Redevelopment Opportunity

CBRE and the City of Riviera Beach have released an Invitation to Negotiate, outlining specific goals related to the redevelopment of three sites totaling approximately 80 acres across Riviera Beach, Florida. Proposals must be submitted no later than 3 p.m. EST on June 28, 2024.

The three primary sites include approximately 41 acres at 600 and 601 Blue Heron Blvd., approximately 2 acres at 2250 Broadway, and approximately 38 acres on Palm Beach County School Board property bordered by 34th St. to the North, W. 28th St. to the South, and Avenues H and J to the East and West.

In January, CBRE and the City hosted a developer and local participant workshop to discuss how to optimize existing City owned parcels and replace aging structures by developing a mix of residential, commercial, and retail space.

“The ‘Reimagine Riviera Beach’ initiative is an opportunity to revitalize our city and reinforcing pride within our community,” said Jonathan Evans, City Manager for the City of Riviera Beach. “We are looking for partners with the vision to reshape these properties by considering a mix of civic, government, sports, and commercial mix of uses.”

CBRE local expert Clarissa Willis along with Lee Ann Korst and Tess Fleming of CBRE’s Public Institutions and Education Solutions (PIES) are representing the City in efforts to solicit, negotiate and engage a developer. CBRE’s PIES Group provides real estate services to state, county, city, and educational institutions around the country.

“The City and its voters have stressed the importance of this project by committing $20 million in penny sale tax toward a new City Hall and another $45 million in bond revenue for the new sports, recreation and wellness uses,” said Ms. Korst, Southeast Regional Manager of CBRE’s Public Institutions and Education Solutions. “These material contributions demonstrate how significant the revival of this area is for the local community.”

Any questions regarding the specifications and solicitation process must be submitted in writing via email to Tanisha Boynton at [email protected]. An optional Pre-Submittal Conference will be held on April 24. Requests for clarification and additional information must be received by the Deadline for Submission of Questions on May 1.