West Atlantic Redevelopment Coalition: Community Forum: Redevelopment of West Atlantic Avenue Properties
Development Partners Equity Enterprises USA, Inc ●
More than 40 years of experience in residential and commercial property development world wide
Bob Currie - Currie Sowards Aguila Architects ● ●
45 years of redevelopment work in Delray Beach Over 65 design awards
Dwayne Randolph - Randolph and Dewdney ● ●
DELRAY PHOENIX INC.
Delray Beach local African-American General Contractor 17 years experience in Delray Beach
Delray Phoenix, Inc -
African-American owned investment firm in Delray Beach
Equity Enterprises Goals • South Florida is HOME
- We will use our worldwide experience to benefit Delray Beach
• Commitment to Community -
Community involvement is the key to success
• Community Incubator space -
Job creation through encouragement of local entrepreneurs Successful in other Equity Enterprises development
• Community Benefits Agreement -
Negotiated Enforceable Legal document between developer and neighborhood stakeholders.
Local Redevelopment Experience
Development Objectives
•
Design the best for Delray, finally connecting Downtown from I-95 to the beach
•
Provide needed services and jobs to the neighborhood and city
•
Foster community involvement and participation
We have to get this RIGHT!
POCKET PARK
TOWNHOUSE STYLE APARTMENTS
TOWNHOUSE STYLE APARTMENTS
149 SPACE GARAGE
POOL & AMENITIES
RETAIL/APARTMENTS
RETAIL/APARTMENTS
RETAIL/OFFICES
PUBLIC PLAZA
• 43,600 SF retail: grocery, bank, restaurants, community maker’s space (co-op) • 34,000 SF office space: large spaces and executive suites • 129 apartments: Minimum 20% workforce housing • 9,900 SF Community Amenity area with pool, fitness center, meeting rooms • 1,700 SF Public Plaza on Atlantic Avenue and 3,000 SF Pocket Park
Understanding the Community’s Needs
Understanding the Community’s Needs
Understanding the Community’s Needs
APARTMENT LOBBY
RELOCATED BARBER
RELOCATED TAX OFFICE
FUTURE BANK/ CREDIT UNION
FUTURE SHOPS/ RESTAURANT
RELOCATED/EXPANDED GROCERY STORE
WEST ATLANTIC AVENUE
• Neighborhood-serving retail based on the West Atlantic Area Needs Assessment: Bank/Credit Union, Grocery, Pharmacy - Stores relocating from existing 700 block building •
Affordable housing:
20% workforce housing
Community Benefits Agreement • Purpose: to hold the developer accountable for providing stated community goals in exchange for sustained community involvement and support • Scope: A contractual agreement between the Equity Enterprises development team and the West Atlantic community • Binding agreement that is directly enforceable by its signatories
Job Creation for the Local Workforce • Over 300 construction-phase jobs ●
●
Subcontractors required to hire a percentage of workers from local community for employment On-the-job training
• 267 permanent, full-time equivalent jobs: 136 office jobs -
125 retail jobs 6 residential management jobs
• Community Incubator Spaces -
Support for Start-up Local Entrepreneurs