Delray Beach approves deal for $100M development

The Delray Beach Community Redevelopment Agency approved a deal on April 9 with BH3 Management for a $100.3 million development on West Atlantic Avenue.

The CRA Board passed the purchased and sales agreement that will grant 7.4 acres at 600 to 800 West Atlantic Avenue to Aventura-based BH3 for the nominal price of $10.

Although the land was appraised at far more than that, the CRA gave the developer credit for public benefits in its projects, such as extra parking spaces and public spaces.

BH3…

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