Florida Construction News staff writer
Boynton Beach City Commission has approved agreements with the Boynton Beach CRA and Affiliated Development to advance a mixed-use, mixed-income workforce housing project.
The Pierce development will include 16,800 square feet of restaurant and commercial space, a minimum of 236 apartment units and a parking garage with 150 public parking spaces. Affiliated Development was the only developer that had an agreement with long-time Boynton Beach restaurant, Hurricane Alley, which secured the business’ future.
Fort Lauderdale-based Affiliated Development outbid four other firms that responded to a RFP in December 2021 issued by the Boynton Beach CRA, including Related Group. Negotiations have been ongoing.
“We are community builders and have a track record of working alongside our city and CRA partners to create transformative projects that increase the quality of life for the city’s residents,” says Jeff Burns, CEO of Affiliated Development. “We have had our eye on Boynton Beach for a while and strongly believe that Boynton Beach is poised to reach its full potential.”
With housing affordability at unprecedented levels, 50 per cent of the project’s units will be set at varying workforce housing levels to accommodate the overwhelming demand for Class A living at attainable rents. The Pierce’s 8-story apartment building will offer luxury finishes, features and amenities including a resort style pool with private cabanas, state of the art fitness facility, co-work collective and keyless Bluetooth door entry. The Pierce will be built and certified to national green building standards.
While there have been “many” unsolicited proposals submitted over the years, the CRA underwent a competitive process that not only vetted the merits of the project, but the strength of the developer. Affiliated Development specializes in public-private-partnership development and has several completed projects in Broward and Palm Beach Counties.
Affiliated Development’s next step is to begin the land use entitlement process. “If all goes smoothly, we anticipate getting underway during the mid-2023,” Burns said.