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.


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