Press Release

The City of Pompano Beach and the Pompano Beach Community Redevelopment Agency (CRA) have announced a Joint Special Meeting for consideration and approval of the ranking of the respondents to the Invitation to Negotiate (ITN) for the Master Developer for the new Downtown.

The City and CRA’s independent consultant, CBRE, will make a presentation regarding the information provided by the respondents. The Negotiating Team will provide a ranking of the two respondents. The meeting will take place on Thursday, October 12^th at 6:00 p.m. in the City Commission Chambers located at 100 W Atlantic Boulevard.

Earlier this year, there was a well-attended public meeting which featured presentations by both respondents Related Urban Development Group and RocaPoint Partners, LLC.

The CRA hired globally acclaimed real estate firm CBRE as the agent to broadly market the opportunity and analyze responses for a master real estate developer for the +/-75.38-acres of publicly owned land assemblages along the I-95 corridor.

Downtown Pompano Beach includes four quadrants: The Old Town District, also known as Old Pompano; The Civic Commons District, which includes City Hall, the library, and Cultural Center; the Innovation District, with MLK Boulevard as the “main street” between Dixie Highway and I-95; and a residential area.

Located in Broward County between Palm Beach and Miami Dade Counties, Pompano Beach is looking to capture the influx of new development interest flocking to the State of Florida. With land assemblies ranging in size from +/- .2 – 8.35 acres, the large amount of acreage is a unique opportunity to build on the foundation the City and CRA have laid for development of the new Downtown. A commuter rail stop is proposed in the middle of the Downtown area and will connect the four intersections of Downtown where redevelopment is already occurring. Two new luxury apartment projects, restaurants and cultural buildings were all drawn to the area based on aggressive public investment by the City and its CRA. The public investments included a new $50 million beachfront, garage and pier, a $180 million bond for citywide public improvements, land use and zoning upgrades, infrastructure and streetscape improvements, and entitlements and availability of land for residential, hotel and commercial development.