Riviera Beach approves Exact Capital’s 280-unit apartment project

Riviera Beach approved a deal with New York-based Exact Capital to enable it to build 280 apartments in the city, most of which will be workforce and affordable housing. The development agreement, which includes the sale of a half-acre property owned by the Riviera Beach Community Redevelopment Agency for $2 million, was approved by a vote of 4 to 1 during the CRA’s meeting last week. Vice Council Chairperson KaShamba Miller-Anderson was the lone dissenting vote. According to the agreement, an affiliate of Exact Capital plans to build an 18-story, 192-unit mixed-income building with 7,000 square feet of commercial space […]This article originally appeared on The Real Deal. Click here to read the full story.