Riviera Beach picks partner in $481M redevelopment plan
The Riviera Beach City Council unanimously voted to forge a deal with a team led by Sonnenblick Development that will include the construction of a new city hall and library, sports complexes, and residential units on about 72 acres of publicly owned land. The 5 to 0 vote took place during Riviera Beach City Council’s Monday meeting. Should negotiations fail with Pacific Palisades, California-based Sonnenblick, the city would then arrange a deal with its competitor, Peter Bayatarian’s North Palm Beach-based Forest Development. Sonnenblick Development’s partners include Clearwater-based Sports Facilities Companies, Washington, D.C.-based Gragg Cardona Souadi, and West Palm Beach-based RDG […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Latest billionaire request advances: Miami Beach commission to vote on Ken Griffin’s helipad
“We are #blessed”: South Florida’s top brokers talk Miami luxury living at The Real Deal’s Welcome to the New Miami event
$50M bankruptcy sale in Miami’s Blue Lagoon falls apart as Caroline Weiss hospitalized
Eastwind, TMT pitch multifamily addition to Delray Beach office complex
Palm Beach home listed for $30M tops signed contracts
Prestige buys back Dania Beach apartments for $27M
Miami to sue Miami-Dade County over Allapattah CRA
Megawatt moratorium: Palm Beach County OKs year-long data center pause
Name your price: David Simkins flips waterfront teardown in Miami’s Morningside for $24M
“I love when financing is difficult” Terra’s David Martin talks construction loans, branded condos at The Real Deal’s Salon Series Miami
