1045 SW 11TH WAY PARCEL
The City’s Charter requires Deerfield Beach voters to approve the sale of the stated address because the value of the property is greater than $750k. The question will be placed on the city-wide March 14, 2023, election ballot for your consideration. We encourage all Deerfield Beach residents to get out and vote in the March 14th election.
BALLOT QUESTION
Shall the City of Deerfield Beach sell the approximately 3.75-acre property located at 1045 SW 11th Way to MBA Development Partners of Florida, LLC for $6.5 million for the purpose of creating a multi-use development with workforce housing, retail and restaurant space, a hotel, green-space, and other public amenities?
Yes — for the sale of the property
No — against the sale of the property
HISTORY OF PROPERTY
In 1999, the property located at 1045 SW 11th way was deeded to the City along with adjacent property in the area by the Florida Department of Transportation (FDOT).
At the time, Deerfield Beach voters approved a lease of the entire property to Florida Atlantic Research and Development Authority, aka FARDA for $1.00 a year. In return, FARDA agreed to develop the property with a research and development, educational, or vocational use.
Since 2005, the lease for the property was extended seven times. 20 years later the property still sits vacant and empty.
On February 15, 2022, the City Commission voted to deny FARDA’s request for an 8th lease extension and the related proposal to build a 41,000 sq. ft. Office building with a parking lot for a payment of $3.2 million to the city. A market appraisal conducted by the City at the time valued the property at $6.5m.
The City issued a competitive solicitation, with the assistance of a broker who marketed the property nationally, to solicit proposals to purchase and develop the property. The City Commission approved a recommendation on December 14, 2022 to award the competitive solicitation to MBA Development Partners of Florida, LLC (MBA), the top ranked firm.
The proposed mixed-use project includes medical, retail, restaurant, housing, hotel, and convention entertainment center space, a parking garage to support the development, and public access to rooftop green space and walkable greenway paths.
MBA proposes paying the full appraisal price for the property, $6.5m. In addition, MBA’s proposal includes $7.5m in community contributions for improvements to surrounding parks, roadways, transportation networks, and other infrastructure improvements
Presentations
DEVELOPMENT OPPORTUNITIES - 1045 SW 11TH WAY - INVITATION TO NEGOTIATE (ITN) 22-41-PC
- Invitation to Negotiate (ITN) 22-41-PC
- Presentations to Evaluation Committee (11/16/2022) are available upon request. To view the presentations below, please email Economic Development at ed@dfb.city
- Falcone Group
- JBL Development
- MBA Development Partners
- Related Urban Development Group
- Summary of ITN Responses
- Purchasing Process Summary
- Staff Recommendation to City Commission
- The Appraisal Report is available upon request. To view the report, please e-mail the Economic Development Department at ed@dfb.city.
ADDITIONAL INFORMATION
For more information on the proposed project select one of the following:
Website
Got Questions about the Project? Call the Info Hot Line:
561-597-1926
Email Information
Original source can be found here.
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