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Agenda 05-06-21 d BEACK�,,,,,,CRA OWN= COMMU N FTY REDEVELOPMENT AGENCY CRAAdvisory Board Meeting Thursday, May 6, 2021 -6:30 PM WebEx Online Meeting 561-737-3256 ADVISORYB AGENDA 1. Call to Order 2. Roll Call 3. Agenda Approval A. Additions, Deletions, Corrections to the Agenda B. Adoption of Agenda 4. Information Only 5. Public Comment 6. Consent A. Approval of CRAAdvisory Board Meeting Minutes-April 1, 2021 7. Assignments A. Pending Assignments 1. Review of Commercial Properties within the CRAArea B. New Assignments 8. Adjournment Notice THE CRA SHALL FURNISH APPROPRIATE AUXILIARY AIDS AND SERVICES WHERE NECESSARY TO AFFORDAN INDIVIDUAL WITHA DISABILITYAN EQUAL OPPORTUNITYTO PARTICIPATE INAND ENJOYTHE BENEFITS OF A SERVICE, PROGRAM OR ACTIVITY CONDUCTED BY THE CRA. PLEASE CONTACT THE CRA, (561) 737-3256,AT LEAST 48 HOURS PRIOR TO THE PROGRAM OR ACTIVITY IN ORDER FOR THE CRA TO REASONABLY ACCOMMODATE YOUR REQUEST. ADDITIONAL AGENDA ITEMS MAY BE ADDED SUBSEQUENT TO THE PUBLICATION OF THE AGENDA ON THE CRNS WEBSITE. INFORMATION REGARDING ITEMS ADDED TO THE AGENDAAFTER IT IS PUBLISHED ON THE CRNS WEBSITE CAN BE OBTAINED FROM THE CRA OFFICE. d BEACK�,,,CRA OWN= COMMU N FTY REDEVELOPMENT AGENCY ADVISORY BOARD ITEM 6.A. CONSENT SUBJECT: Approval of CRA Advisory Board Meeting Minutes -April 1, 2021 SUMMARY: See attached minutes. CRAAB RECOMMENDATION: Approve April 1, 2021 CRA Advisory Board meeting minutes. ATTACHMENTS: Description D April 1, 2021 CRAAdvisory Board Meeting Minutes MINUTES OF THE CRAADVISORY BOARD MEETING WEBEX ONLINE MEETING 100 E. OCEAN AVENUE BOYNTON BEACH, FLORIDA 33435 HELD ON THURSDAY, APRIL 1, 2021, AT 6:30 P.M. PRESENT: STAFF: Anthony Barber, Chair (arr. 6:50) Michael Simon, CRA Executive Director Allan Hendricks, Vice Chair Bonnie Nicklien, CRA Grants & Project Mngr Naomi Cobb Crysta Parkinson, Prototype, Inc. Angela Cruz Golene Gordon ALSO PRESENT: Sharon Grcevic Sergeant Henry Diehl ABSENT: Thomas Devlin Ms. Nicklien gave the introductory statement for participating in this Zoom Online Meeting. 1. Call to Order The meeting was called to order by Vice Chair Hendricks at 6:37 p.m. 2. Roll Call Roll was called, and it was determined a quorum was present. 3. Agenda Approval A. Additions, Deletions, Corrections to the Agenda B. Adoption of Agenda Motion was made by Mr. Gordon, seconded by Ms. Cobb, to adopt the agenda. In a voice vote, the motion passed unanimously (5-0). 4. Information Only -- None 5. Public Comment -- None Meeting Minutes CRA Advisory Board Boynton Beach, Florida April 1, 2021 6. Consent A. Approval of CRAAdvisory Board Meeting Minutes — March 4, 2021 Motion made by Chair Barber, seconded by Ms. Gordon, to approve the March 4, 2021, minutes. In a voice vote, the motion passed unanimously (5-0). 7. Assignments A. Pending Assignments i. Review of Commercial Properties within CRAArea Mr. Simon said the CRA Board reviewed and accepted the categorizations of the properties from the last CRAAB meeting and has created a new assignment, to look at a wider area of the CRA District, this time for commercial properties for sale. Similarly, this Boards is asked to review the property, discuss if necessary, and determine in which of these three following categories the property would fall: • Pursue now as a land banking opportunity. • Pursue at a future date. • Does not fit the CRA Mission. From the Notice Agenda (see attached), the following properties were presented: • 379 SE 4t" Street -- SE 4t" Street Assemblage o Grouping of properties on SE 4t" Street, south of 500 Ocean. o CK Locksmith, vacant parcels that run behind the yellow house (include). o Represented by Jim Knight of Knight Brokerage (owned by several Boynton Beach business owners). 0 2.45 acres listed for $4.5 million. • 1017 North Federal Highway o Troy's BarBQ Catering Site. o At corner of MLK Jr Blvd and southbound Federal Highway. o .21 acres, 1,000 square feet building, listed for $675,000. [Chair Barber joined meeting at 6:50 p.m.] • 2508 North Federal Highway o Vacant parcel on North Federal Highway and Palm Drive. o Close to northern edge of CRA District. o Property has been owned several times and brought forth to the City for site plans for townhouses. o Neighborhood requires gated entry by developer. o If townhouses were built, perhaps straight commercial use. o Listed for $700,000. 2 Meeting Minutes CRA Advisory Board Boynton Beach, Florida April 1, 2021 • 3377 N Federal Highway o Sitting in a County pocket, should be removed from the list. o If it was of interest, this property is north of Walmart, headed north into Boynton. o Has a Boynton address, has been there a hundred years, still two or three small pockets in the County; services by Palm Beach County Sheriff's Office. o Statute restrictions unknown; perhaps if purchased could be annexed into the City. o An eyesore, improvement would benefit from an aesthetic standpoint. o Listed price $599,000 for 0.15 acre. • S Federal Highway at SE 1St Avenue o East side of Federal Highway across from 500 Ocean. o Listed by Jim Knight. o Listed for $10 million for 2.76 acres o Probably not something the CRA could afford, but it is in the District. o Recently site plan approved for 270 residential units and 18,000 square feet retail. o Owners trying to sell the project and the land together. • 2821 S Federal Highway o Known as the Homing Inn, a rundown apartment/hotel building. o North of Walmart. o Difficult property for the City, not a welcoming hotel. o Not reasonably priced at $9.1 million, would like $10 million, turning down other offers. o Some vacant and separately owned parcels to the north; perhaps it could be incorporated into a larger project. o Still on market, not under contract. • 609 N Railroad Avenue o North of Boynton Beach Boulevard. o North Railroad runs along the tracks, on the west side where Twisted Fish and Bud's Chicken are. 0 10,000 square feet, of which 8,000 is warehouse, 1,200 square feet office. o Listed at $1.7 million, just under half acre, zoned light industrial. Vice Chair Hendricks turned the meeting over to Chair Barber who, before continuing with the Agenda item, clarified that the new Member, Naomi Cobb, has replaced Aquannette Thomas. Due to arriving late, he asked for a clarification of the assignment as presented thus far. Mr. Simon confirmed and reviewed the three categories, stating there is no time limit or deadline; the Board is free to look at it over in whatever manner is needed. 3 Meeting Minutes CRA Advisory Board Boynton Beach, Florida April 1, 2021 Open discussion followed on how the Board should proceed. Chair Barber went around the Board asking for recommendations. Most Members were not familiar with anything, with the exception of the Hotel, but agreed on removing the county property from the list. The Board wanted to have a brief discussion now, but then go to look at the properties and have a more informed discussion at subsequent meetings. Chair Barber urged Members to take into account not just the building, but the overall land and its value to the CRA. Chair Barber asked for a refreshing of the overall vision or short purpose of the CRAfor the new members. Mr. Simon summarized the CRA's ability to purchase property through sale or by gift and the statutory ability to dispose of or redevelop the properties for economic development and/or affordable housing. The CRA can purchase property and own and rent it as commercial space with a tenant, but this is not something the CRAs want to do for long periods of time (goal is to sell back to the private sector). The CRA can do demolition on a dilapidated structure or make improvements (such as broken windows) to improve safety and/or quality of life for residents. Properties can be considered for potential acquisitions for demolition, sale to the private sector for redevelopment, or public investment such as a welcome sign or green space. Properties may be on a corridor of interest to the development community but present an overwhelming task for the private sector for one reason or another and continues to sit neglected for some time. The CRA could come in and clean up and otherwise improve the site to get it ready for private purchase (such as clean up contamination of an old gas station). Such things are supported by the CRA Plan and the Statute. Chair Barber opened up initial discussion on several properties as pieces that flow into the overall plan and vision of the CRA. In particular: o SE 1 st Avenue at S Federal Highway would be a purchase now as a land banking opportunity. 0 1017 N Federal does not fit the CRA mission; the building has had a tenant since 1996, is overpriced for where it is and what it is. Other uses were explored to no avail. Ms. Cobb had comments on a gateway into a community and wondered if the price was negotiable. Mr. Simon stated tentative discussions with the owner haven't led to anything encouraging. o For reference, Mr. Simon noted that the CRA had owned the properties catty-cornered the northeast corner of MILK, took the buildings down, and put back up for redevelopment. Now two businesses have partnered to build a new office building there. Other examples were given. 0 2508 N Federal Highway -- no redevelopment happening there and the property has been for sale for a long time. Attempts for eight townhouses on the site have been attempted more than once, but has failed each time, same obstacles keep happening, such as the required gated entry. 4 Meeting Minutes CRA Advisory Board Boynton Beach, Florida April 1, 2021 It is zoned C4, could be a commercial project, but all scenarios continue to fall through. 0 3377 N Federal Highway -- had been a pawn shop; but this is in one of the County pockets. Mr. Hendricks would like to see the property developed, if possible, and that the pocket is not necessarily an obstacle. It stands there as a statement to an unattractive corridor. The zoning and features of the property were discussed. The property backs up to the Tradewinds residential; the furniture store next to it is also for sale (3351 N Federal Highway, $1 .5 million). Next to the "psychic building," which also needs to be torn down; the ticket clinic is gone. The property does meet the CRA Mission; it was agreed that it is one of the uglier, unattractive parcels on the Federal corridor. Mr. Simon will research the Statute for annexing into the CRA District; but the process could be difficult. o S Federal Highway at SE 1 st Avenue -- Mr. Simon says the $10 million price is due to designation as a site with site plan approval and the property was provided as a comparison for other sites currently for sale. The existing site was discussed from aerial views and current businesses. It has received site plan approval and is being marketed as 274 unit mixed-use. The developer backed out of contract for unknown reasons. All the owners have come together to put it up for sale as one big parcel. Chair Barber was interested in exploring purchasing this site and discussion ensued on criteria and current interest in development of any sort. There may be a way to buy it, but it would take more than one budget year, possibly two and it would consume entire budget funds. o Homing Inn -- Currently listed at $9.1 million. No interest. 0 609 N Railroad Avenue -- Currently listed at $1.7 million, located north of Boynton Beach Boulevard and west of the tracks. Large parcel, has parking, and is an industrial site. Ms. Grcevic noted this type of building is rare in the county, hard to find warehouses with parking and a four door garage. Mr. Hendricks thought this could possibly be in demand and another one for the market; it may have been fixed up. Chair Barber encouraged the Board to take a drive by for further discussion in May. Motion made by Chair Barber, seconded by Ms. Gordon, to table until the next meeting so Board Members have an opportunity to look and come back with a ranking system. In a voice vote, the motion passed unanimously (6-0). 8. Adjournment Upon motion duly made and seconded, in a voice vote, the motion passed unanimously (6-0) and the meeting was adjourned at 8:07 p.m. Attachments: Presentation of Commercial Properties with CRAArea [Minutes transcribed by M. Moore, Prototype, Inc.] 5 d BEACK�,,,,,,CRA OWN= COMMU N FTY REDEVELOPMENT AGENCY ADVISORY BOARD ITEM A.1. PENDING ASSIGNMENTS SUBJECT: Review of Commercial Properties within the C RA Area SUMMARY: At their July 14, 2020 meeting, the CRA Board assigned the CRAAB with the task of identifying available properties located within key commercial and light industrial areas of the CRA. CRA staff will provide the CRAAB with a list of properties found on Costar/LoopNet and the Multiple Listing Service that are being marketed as "for sale." The CRA Board's assignment involves the CRAAB performing research and analysis on these properties. The goal of the assignment is to have the CRAAB provide a priority list of properties or recommendations on whether or not to pursue possible acquisition based on available funding. All land assemblages for future redevelopment shall be in furtherance of the 2016 Boynton Beach Community Redevelopment Plan. Of the properties for sale (see Attachment 1), categorize them as one of the following options: • Pursue now as a land banking opportunity; or • Pursue at a future time to be determined by the CRA Board; or • Do not pursue because it does not fit the CRA mission Pursue Now as a pursue at a Future Does not Fit the Property Address Land Banking Date CRAMission Opportunity 417 NE 6th Avenue 609 N. Railroad Avenue 3377 N. Federal Highway 3351 N. Federal Highway FISCAL IMPACT: To be determined. CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRAAB RECOMMENDATION: To be determined. ATTACHMENTS: Description Attachment I -CoStar Property Report Property Summary Report 417 NE 6th Ave Boynton Beach, FL 33435 - Boynton Beach Submarket BUILDING Type 1 Star Industrial Warehouse Tenancy Single Year Built 1955 RBA 1,609 SF t t , Stories 1 Typical Floor 1,609 SF Construction Masonry LAND Land Acres 0.24 AC Zoning M1 EXPENSES Taxes $3.72/SF(2020) PARCEL LOADING Cocks None Drive Ins 1 tot. Canes None Rail Spots None SALE TRANSPORTATION For Sale $529,000($328.78/SF) Parking 6 available(Surface);Ratio of Cap Rate 10.00% 3.73/1,000 SF Commuter Rail 8 min drive to Boynton Beach Com- Sale Type Investment or Owner User muter Rail(Tri-County Commuter) Status Active Airport 23 min drive to Palm Beach Interna- tional Airport Walk Score® Very Walkable(71) Transit ScoreO Minimal Transit(0) TENANTS Eastern Towing PROPERTY CONTACTS Sales Company Eastern Auto Body True Owner Floering David 417 NE 6th Ave 417 6th Ave Boynton Beach, FL 33435 Boynton Beach, FL 33435 Recorded Owner Floering David (561)369-4356(p) 417 6th Ave Boynton Beach, FL 33435 (561)369-4356(p) Copyrighted report licensed to CoStar Group 4/30/2021 CoStarTM Page 5 N N � O � N d O M �i r- v N f i t O F � e r � C 4 tm t qtr o y s=. a r C � � N r T O r i AF, f � r Property Summary Report 609 N Railroad Ave ` Boynton Beach, FL 33435 - Boynton Beach Submarket BUILDING Type 2 Star Industrial Warehouse Tenancy Multi Year Built 1960 FBA 9,267 SF air,k Stones 1 Typical Floor 9,267 SF ��P k 'M1fr f•SY`e t'+Ctl Y�r � Ceiling Ht 12' - Construction Masonry LAND Land Acres 0.42 AC Zoning M1 EXPENSES Taxes $1.96/SF(2020) PARCEL LOADING Cocks None Drive Ins 4 tot. Rail Spots None POWER& UTILITIES FEATURES Power 3p Utilities Heating-Electric, Lighting-Fluores- . 24 Hour Access • Air Conditioning cent, Sewer-City,Water-County . Fenced Lot • Storage Space • Ya rd FOR LEASE Smallest Space 3,000 SF Industrial Avail 3,000 SF Max Contiguous 3,000 SF ##of Spaces 1 Vacant 9,267 SF % Leased 0% Fent $15.00 Service Type Double Net Copyrighted report licensed to CoStar Group 4/30/2021 CoStarTM Page 6 Property Summary Report 609 N Railroad Ave ` Boynton Beach, FL 33435 - Boynton Beach Submarket AVAILABLE SPACES Floor Suite Use Type SF Available Fir Contig Bldg Contig Rent Occupancy Term P1st Industrial Direct 3,000/500ofc 3,000 3,000 $15.00/NN Vacant Negotiable Filing Flus Inc We have a warehouse for rent and also, a office for rent. Both are 3,000 sgft. SALE TRANSPORTATION For Sale $1,699,999($183.45/SF) Parking 25 available(Surface);Ratio of Sale Type Investment or Owner User 2.70/1,000 SF Commuter Rail 8 min drive to Boynton Beach Com- Status Active muter Rail(Tri-County Commuter) Last Sale Airport 23 min drive to Palm Beach Interna Cold Price $1,000,000($107.91/SF) tional Airport Cate Jul 2019 Walk Score® Very Walkable(71) Sale Type Investment Transit ScoreO Minimal Transit(0) Financing Down Payment of$100,000(10%) Unknown:Branch Banking&Trust Company TENANTS All My Sons Moving&Storage PROPERTY CONTACTS Primary Leasing Company Piling Plus Inc Sales Company Bowen Realty 609 N Railroad Ave 12769 W Forest Hill Blvd Boynton Beach, FL 33435 Wellington, FL 33414 (954)520-5068(p) (561)429-2070(p) True Owner Eric Newmark Recorded Owner THE 4856 GROUP LLC 4856 Bocaire Blvd 4856 Brocaire Blvd Boca Raton, FL 33487 Boca Raton, FL 33487 (954)520-5068(p) Previous True Owner Drapery Castle, Inc. 1220 SW 35th Ave Boynton Beach, FL 33426 (561)752-5585(p) (561)276-3378(f) Copyrighted report licensed to CoStar Group 4/30/2021 CoStarTM Page 7 co N 47 O tm j N m 0 a M �B- Lr I 4¢ i zr, i ' m of t NII t r m , r w T O U ut d N fs: Lf. G ` t-- � � I Q Property Summary Report 3377 N Federal Hwy F° ` Boynton Beach, FL 33483 - Delray Beach Submarket BUILDING t`l� k1 Tyre 1 Star Retail Freestanding \1Tenancy Single .. ,`g r i t r r it 1 y t(i tS fr�r�f3 JAS ,t, - - YeaC BC711t 1979 P w GLA 1,220 SF Stories 1 ®.... Typical Floor 1,220 SF Cocks None Construction Masonry LAND Land Acres 0.15 AC Zoning C3 EXPENSES Taxes $3.20/SF(2020) PARCEL TENANTS Pawn or Cash Inc 1,605 SF Super Clean Property Rescue SALE TRAFFIC &FRONTAGE For Cale $599,000($490.98/SF) Traffic Volume 22,543 on N Federal Hwy&Chukker Cale Type Investment or Owner User Rd N(2020) 28,624 on Federal Highway&Intra- Status Active coastal Rd SE(2020) Last Sale Frontage 100'on N Federal Hwy Cold Price $437,680($358.75/SF) Made with Traffic Metrix@'roducts Cate Feb 2020 TRANSPORTATION Forking 10 available(Surface);Ratio of 8.20/1,000 SF Commuter Rail 12 min drive to Delray Beach Commuter Rail(Tri-County Commuter) Airport 25 min drive to Palm Beach International Airport Walk CcoreO Car-Dependent(39) Transit Score® Minimal Transit(0) Copyrighted report licensed to CoStar Group 4/30/2021 CoStarTM Page 3 Property Summary Report 3377 N Federal Hwy F° ` Boynton Beach, FL 33483 - Delray Beach Submarket PROPERTY CONTACTS Primary Leasing Company Anaheim Properties, Inc. Sales Company Anaheim Properties, Inc. 1155 SW 25th Ave 1155 SW 25th Ave 'Au-m-12 Boynton Beach, FL 33426 'Au-m-12 Boynton Beach, FL 33426 (561)369-5993(p) (561)369-5993(p) (561)369-7106(fl (561)369-7106(fl True Owner 631 Hummingbird, LLC. Recorded Owner Peters 3377 N Fedl Highway Ll 6023 LeLac Rd 6023 Le Lac Rd Boca Raton, FL 33496 Boca Raton, FL 33496 (561)338-5080(p) Previous True Owner Douglas Peters Previous True Owner Lesli 3377 N Fed Highway LLC 6023 LeLac Rd 9193 Delemar Ct Boca Raton, FL 33496 Wellington, FL 33414 (561)516-1355(p) (561)290-3987(p) Copyrighted report licensed to CoStar Group 4/30/2021 CoStarTM Page 4 _ � � �� fly, _ N � W ;. O � ar, N d _. � I O a' � �� � a. M a, i � •e �.� „ r �� f � � �,. �y� I 5y� '," e'E �F. $ u � ' '� I� �� � f ��� � jl �� � �� `'�� �,� ti I�- 9, r li _. ''- � Y! � ry,. .: ,e s �, ,_ r t: __ `r"�: I w r �, F �.," r �; � { S �_ T .� ':— _ - V C ,- i- ,. 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Q �; C� G a � � �L � Q Property Summary Report 3351 N Federal Hwy -Wicker & Rattan Furniture ` Delray Beach, FL 33483 - Delray Beach Submarket BUILDING r n� Type 2 Star Retail Storefront Tenancy Multi rIN��� 4l Year Built 1958 ,�411t� ``i##j COLA 5,000 SF z Stories 1 Typical Floor 5,000 SF Docks None Construction Masonry LAND Land Acres 0.50 AC gill Zoning CG EXPENSES Taxes $2.57/SF(2020) PARCEL TENANTS All About Wicker LLC AMENITIES SALE For Sale $1,499,000($299.80/SF) • Signage Sale Type Investment or Owner User Status Active TRAFFIC &FRONTAGE TRANSPORTATION Traffic Volume 28,624 on Federal Highway&Intra- Parking 12 available(Surface);Ratio of coastal Rd SE(2020) 2.40/1,000 SF 25,099 on Federal Highway&Bam- Commuter Rail 12 min drive to Delray Beach Com- boo Ln N (2019) muter Rail(Tri-County Commuter) Frontage 200'on N Federal Hwy(with 2 curb Airport 26 min drive to Palm Beach Interna cuts) tional Airport Made with Traffic Metrix@ 'roducts Walk ScoreO Car-Dependent(39) Transit ScoreO Minimal Transit(0) Copyrighted report licensed to CoStar Group 4/30/2021 CoStarTM Page 1 Property Summary Report 3351 N Federal Hwy -Wicker & Rattan Furniture ` Delray Beach, FL 33483 - Delray Beach Submarket PROPERTY CONTACTS Primary Leasing Company Chris Lowry Realty Services Sales Company Chris Lowry Realty Services 80 N 4th Ave 80 N 4th Ave Delray Beach, FL 33483 Delray Beach, FL 33483 (561)523-3939(p) (561)523-3939(p) (561)279-7167(fl (561)279-7167(fl True Owner Gerardo&Linda S Acosta Recorded Owner Gerardo&Linda S Acosta 4807 N Lee Rd 4807 N Lee Rd Delray Beach, FL 33483 Delray Beach, FL 33483 (561)638-9215(p) (561)638-9215(p) Previous True Owner Gerardo&Linda S Acosta 4807 N Lee Rd Delray Beach, FL 33483 (561)638-9215(p) SALE HIGHLIGHTS • 200 Ft FRONTAGE ON US1 • GREAT VISIBILITY • GREAT PARKING • CONVENIENTLY LOCATED BETWEEN BOYNTON BEACH &DELRAY BEACH • High Traffic Count Copyrighted report licensed to CoStar Group 4/30/2021 CoStarTM Page 2 s k 3 C 4: d { i6 O tc >` , F c Nk o tf 0 n D U" t} O U �.c } i , t L Q QNNB }` , �L #