Hyperion scores more public subsidies for delayed Boynton Beach project
Hyperion Group won increased incentives for its delayed Boynton Beach multifamily project in a deal presumed to be the local Community Redevelopment Agency’s biggest-ever tax increment financing agreement. This week, the Boynton Beach CRA approved a bump to $11.5 million from $9 million for the project that’s expected to include 371 residential units, 25,600 square feet of retail space and a parking garage with 633 spaces, the South Florida Business Journal reported. The CRA also extended the term of the TIF agreement to 14 years from 12. The eight-story project, called Ocean One, has been in the works since at […]This article originally appeared on The Real Deal. Click here to read the full story.
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