Bringing Community Together · Bringing Community Together. Boynton Beach • Heart of SE Florida within the metropolitan areas of Miami Dade, Broward, Palm Beach • Market of over

Bringing

Community

Together

Boynton Beach

• Heart of SE Florida within the metropolitan areas of Miami Dade, Broward, Palm Beach

• Market of over 6.5 million people within 100 miles

• 16.5 square miles • 4 miles of the Intracoastal

Waterway • Year-round tropical climate

Town Square Vision

• The City owned 16.5 acres in downtown Boynton Beach which contained several historic structures and City buildings that need to be replaced plus 5+/- Acres for a new Police Headquarters.

• E2L Real Estate Solutions was selected as the development partner to work with the City on a redevelopment project which includes public and private development.

• The Master Developer teamed with three Design-Build firms, a capital funding partner and a private developer.

• The Public portion of the project includes a new City/Hall Library building, a renovated and repurposed historic High School building for civic uses, parking and interactive open spaces along with an offsite Police Headquarters and a new full service Fire Station to serve the new downtown area.

• The Developer will construct a hotel, private residential units and office/retail space on the portion of land purchased from the City.

• The vision is to create a town square that brings all communities into an urban downtown environment to live, work and play.

Approved Master Plan

Private Development

• Historic High School / Cultural Center 500 SF Restaurant Space 500 Seat Auditorium

• City Center (City Hall/Library) 3,600 SF Business Incubator Space

5,000 SF Café/Lobby/Meeting Space

• Hotel 120 – 140 Rooms 15,000 SF Office/Retail Space

• Residential/Commercial Development 320 Residential Units 13,800 SF Restaurant Space 15,000 SF Office/Retail Space

• Residential Apartments 280 Residential Units

• 2 Parking Garages 1,900 + Parking Spaces

• Office/Retail 30,000 SF with surface parking

Funding and Contract Structure

City

CFP Boynton Beach Town Square, LLC

City Hall / Library

Fire Station #1

Police Headquarters

Parks & Open Space

Utilities and Infrastructure

E2L Real Estate Solutions, LLC

High School Redevelopment

District Energy System

JKM Development 465 Parking Spaces

Private Activity Bond

Naming Rights/ Land Sales /

Surtax /Utility

Land Sale Proceeds

Funding SourceContract Entity

BUILDINGWEALTHPROGRAMUPDATE

• Program Updates • Local Boynton Beach Contractors • Local Boynton Beach

Vendors Utilized • Local Boynton Beach

Employees Hired • Building Wealth Program

created jointly with City Staff and Development Team

• Subcontractor and Vendor Web Link Established and entities are now enrolled

• Potential Economic Impact being measured for success with monthly reporting for Phase II efforts.

Contact Information

https://www.boynton-beach.org/town-square

QUESTIONS?

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