West Atlantic Redevelopment Coalition: Community Forum: Redevelopment of West

Atlantic Avenue Properties

Equity Enterprises USA, Inc- More than 40 years of experience in residential and commercial

property development world wide

Bob Currie - Currie Sowards Aguila Architects- 45 years of redevelopment work in Delray Beach- Over 65 design awards

Dwayne Randolph - Randolph and Dewdney- Delray Beach local African-American General Contractor- 17 years experience in Delray Beach

Delray Phoenix, Inc- African-American owned investment firm in Delray Beach

DELRAYPHOENIX

INC.

Development Partners

Equity Enterprises Goals• South Florida is HOME

- We will use our worldwide experience to benefit Delray Beach

• Commitment to Community- Community involvement is the key to success

• Community Incubator space- Job creation through encouragement of local entrepreneurs- Successful in other Equity Enterprises development

• Community Benefits Agreement- Negotiated Enforceable Legal document between developer

and neighborhood stakeholders.

Local Redevelopment Experience

• Design the best for Delray, finally connecting Downtown from I-95 to the beach

• Provide needed services and jobs to the neighborhood and city

• Foster community involvement and participation

Development Objectives

We have to get this RIGHT!

RETAIL/OFFICES

149 SPACE GARAGE

RETAIL/APARTMENTS RETAIL/APARTMENTS

TOWNHOUSE STYLE APARTMENTS

TOWNHOUSE STYLE APARTMENTS

POCKET PARK

PUBLIC PLAZA

• 43,600 SF retail: grocery, bank, restaurants, community maker’s space (co-op)• 34,000 SF office space: large spaces and executive suites• 129 apartments: Minimum 20% workforce housing• 9,900 SF Community Amenity area with pool, fitness center, meeting rooms• 1,700 SF Public Plaza on Atlantic Avenue and 3,000 SF Pocket Park

POOL & AMENITIES

Understanding the Community’s Needs

Understanding the Community’s Needs

Understanding the Community’s Needs

RELOCATED/EXPANDED GROCERY STORE

RELO

CATE

D BA

RBERFUTURE BANK/

CREDIT UNION RELO

CATE

D TA

X O

FFIC

EFUTURE SHOPS/

RESTAURANT

APARTMENT LOBBY

WEST ATLANTIC AVENUE

• Neighborhood-serving retail based on the West Atlantic Area Needs Assessment:- Bank/Credit Union, Grocery, Pharmacy - Stores relocating from existing 700 block building

• Affordable housing: 20% workforce housing

Community Benefits Agreement

• Purpose: to hold the developer accountable for providing stated community goals in exchange for sustained community involvement and support

• Scope: A contractual agreement between the Equity Enterprises development team and the West Atlantic community

• Binding agreement that is directly enforceable by its signatories

• Over 300 construction-phase jobs- Subcontractors required to hire a percentage of workers

from local community for employment- On-the-job training

• 267 permanent, full-time equivalent jobs:- 136 office jobs- 125 retail jobs- 6 residential management jobs

• Community Incubator Spaces- Support for Start-up Local Entrepreneurs

Job Creation for the Local Workforce