Palm Beach County Business Magazine (Spring 2015)
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Transcript of Palm Beach County Business Magazine (Spring 2015)
A Quarterly Economic Development Publication Spring 2015
New Commercial and Residential Projects | Honoring Education Leaders | Latest Relocations and Expansions
Advancing
LifeSciences
3PBCB
CONTENTSAdvancing the Life Sciences
Palm Beach County is an appealing location for life sciences
Adapting to Asian CulturesUnderstanding and respecting Asian culture is vital to business success
Attracting Financial Services FirmsPalm Beach County is attracting a steady flow of financial services firms.
NewsIEDC Holds Leadership Summit In Palm Beach Gardens
SFMA Honors Sancilio and Lockheed MartinUSDA Salutes Glades Initiative
Take A Student to Work on May 26Relocations & Expansions
Community Redevelopment AgenciesEconomic development programs create an environment for growth
National Engineer's WeekNational Awards Event
New Developments Underway in Boynton BeachBoynton Beach is attracting lots of development interest
New Projects Planned in Delray BeachSeveral major development and redevelopment projects are in
the planning stage for Delray Beach.
Recognizing Leaders in EducationPresenting the inaugural Palm Beach County Education Leadership Awards
TO OUR MEMBERS AND PARTNERS:
Upon reading this issue of Palm Beach County Business, you’ll discover why Palm
Beach County is an appealing location for life sciences and financial services firms.
You will learn about new development projects in Boynton Beach and Delray Beach
and understand how Community Redevelopment Agencies are transforming our
neighborhoods and economies.
Additionally, this issue features news regarding relocation and expansion
projects and information about recent accomplishments in the county.
I hope you enjoy this edition of Palm Beach County Business, which is made
possible with the support of the Palm Beach County Board of Commissioners and
significant investment from our private partners, notably CareerSource, NextEra
Energy, Inc. and Florida Crystals.
As we continue to further the diversity of Palm Beach County’s growing
economy, please continue to follow us on Facebook and Twitter. Also watch for our
e-newsletters to stay well-informed on economic development and business news
and events in Palm Beach County.
On behalf of our Board of Directors and staff, we thank you for your support.
Kelly Smallridge
President and CEO
Welcome from the President
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Business Development Board of Palm Beach County, Inc.310 Evernia Street | West Palm Beach, FL 33401561.835.1008 | www.bdb.org
Palm Beach County’sEconomic Development Resource
Published by » Passport Publications & Media Corporation
ON THE COVERImage by Barry Kinsella
With world-class research institutions, a robust healthcare system,academic medical programs, and a pro-business climate, Palm Beach
County is an appealing location for innovative life sciences companies
and organizations.
“We already have 115 life sciences companies in Palm Beach
County, and the pace is picking up,” said Ken Kirby, president and CEO,
Transdermal Delivery Solutions, who moderated a panel discussion at
the Business Development Board’s “Healthcare and Life Sciences”
luncheon on March 26 at the Kravis Center.
The BDB is committed to advancing the healthcare and life science
sectors, according to Gina Melby, CEO, JFK Medical Center, who co-
chairs the BDB’s Life Sciences and Healthcare Industry Cluster Task
Force with John Couris, president and CEO, Jupiter Medical Center.
“Our mission is to grow this cluster by attracting new companies
and retaining our current businesses,” Melby said. “We are promoting
awareness of the wide range of research and clinical assets in our
county, including pharmaceuticals, biotech, medical devices and 14
area hospitals.”
In keeping with that mission, the BDB recently launched a new
website – LifeHelix.org – showcasing Palm Beach
County as a place “where education, research, care and
cure interact.” The site is designed to introduce the
county to interested researchers, educators, investors,
entrepreneurs and executives outside the region and
foster collabor-ation within Palm Beach County.
The BDB recently hosted a site consultant
familiarization tour for the life sciences industry (Life
Sciences FAM Tour). The March 25-27 tour included
visits to companies in the northern region of the county,
presentations from industry leaders and workforce
providers, views of available real estate sites through out
Palm Beach County, and the luncheon, one of the BDB's
quarterly industry focus series.
“This is the first time a concentrated effort has been placed on
showcasing the life sciences industry to site consultants,” said Kelly
Smallridge, BDB president and CEO. “With plenty of available land
and a ready workforce, there is tremendous potential in the area to
create high-paying jobs and provide a significant economic impact.”
At the BDB’s Life Sciences and Healthcare luncheon, Melby
outlined how Palm Beach County is increasing the supply of physicians
by supporting medical education. She noted that Florida Atlantic
University (FAU) and the University of Miami are among the medical
schools with programs in Palm Beach County that involve area
hospitals. “We are making a coordinated effort to train and retain our
physicians here,” she added.
Mattias Haury, Ph.D., chief operating officer, Max Planck Florida
Institute, outlined a new collaborative initiative with Scripps Florida
and FAU to share resources and facilities to develop premier science,
technology, engineering and math (STEM) programs. He said FAU
graduate and undergraduate students will be able to study alongside
some of the world’s leading scientific researchers.
Kirby kicked off the panel discussion by noting that Transdermal
Delivery Solutions has obtained 18 patents and is weeks away from
starting its first clinical trial of its innovative drug delivery system. “We
can take active pharmaceutical ingredients and spray
them on the skin, where they are absorbed by the body,
bypassing the liver and other organs,” he said.
Robert Mino, general manager, Global Pharma
Analytics, explained how his company operates a
10,000-square-foot contract laboratory facility in
Jupiter. “We work with pharmaceutical and medical
device companies, and are always looking for
experienced analytical chemists,” he said.
Fred Sancilio, chairman, president and CEO,
Sancilio & Company, Inc., said his company is a well-
established biopharmaceutical company focused on
advanced lipid technology and complementary
products. “We are building all the necessary systems,
facilities and expertise to allow us to maximize the value of our robust
research pipeline,” he said.
Claudia Zylberberg, president and CEO, Akron Biotech, which focuses
on producing cell cultures and other research materials, stated that her
company is moving to a larger, 10,000-square-foot laboratory and
manufacturing space. “I believe Palm Beach County will see extensive
growth in the life sciences,” Zylberberg said. “We have a bright future here.”
4 PBCB
Advancing the
Gina Melby
Florida is home to world-renowned
biomedical research institutes and
nearly 1,000 biotech, pharmaceutical
and medical device companies. In total,
there are more than 44,000 healthcare
establishments in Florida, according to
Enterprise Florida.
Life Sciences
5PBCB
Scientists from the Florida campus of The Scripps Research Institute(TSRI) have been awarded $3.3 million by the National Institutes of
Health (NIH) to identify biomarkers to accelerate drug development
for disorders including autism spectrum disorder, epilepsy and some
types of intellectual disability. Gavin Rumbaugh, associate professor,
is the principal investigator of the new five-year project.
“Our long-term goal is to increase the success rate of therapies
translated from animal models to patients,” Rumbaugh said. “By
validating biomarkers in mice and using this information in
combination with pharmacological or genetic treatment strategies, we
hope to create a set of tools and methods that can be used successfully
to develop new therapeutics.”
Another collaborative team involving Scripps Florida researchers
was awarded a $1.5 million NIH grant to develop drug candidates that
could treat cancer and neurodegenerative disease.
Derek Duckett, associate professor of molecular therapeutics, is
the co-principal investigator for the three-year study, along with John
Cleveland of the Moffitt Cancer Center in Tampa. Their teams will look
for compounds that affect a key enzyme involved in the degradation
and ultimate recycling of damaged cellular material.
Max Planck Florida InstituteLaunches New Doctoral Program
Scripps Florida Scientists Receive NIH Grants
The Max Planck Florida Institute for Neuroscience (MPFI) in Jupiter islaunching a new global brain research doctoral program in collaboration
with Florida Atlantic University (FAU), and Germany’s University of
Bonn and the Center for Advanced European Studies and Research.
The new International Max Planck Research School (IMPRS) for
Brain & Behavior, with North American headquarters in South Florida,
will offer its students a world-class, competitive doctoral program
while giving them a unique opportunity to learn, train and work in
other countries.
“With this new doctoral program, neuroscience research in South
Florida will be elevated to a global platform, one that provides the ideal
environment for developing the next generation of scientific leaders,”
said David Fitzpatrick, CEO and Scientific Director at MPFI. “Having
the opportunity to learn from an international team of investigators
at the cutting edge of brain research is a fantastic catalyst for high
impact discoveries.”
With nearly 1,000 biotech, pharmaceutical and medical device
companies and more than 44,000 healthcare establishments already
located in Florida, the strategic placement of IMPRS for Brain and
Behavior is ideal to promote the continued growth of Florida’s life
sciences industry.
Over the next few months, the four international partners will
collaborate to develop a curriculum centered on understanding the
functional organization of neural circuits, and in particular, how the
activity of neural circuits mediates behaviors.
Using state-of-the-art technologies, many pioneered by Max Planck
scientists, doctoral students and researchers will explore multiple
aspects of brain function, including the neural basis of sensory
processing, motor control, and learning and memory. The program will
prepare exceptional students for an exciting career in brain research
while at the same time providing the knowledge base that is critical for
advances in treating neurological and psychiatric disorders.
Florida Atlantic University already has strong ties to MPFI through
an existing Integrative Biology and Neuroscience Ph.D. Program. “Our
intention is to turn our Jupiter campus into the science center everyone
can be extremely proud of, attracting the very brightest people from
around the world so that it becomes a magnet for the best academic
talent and students,” said Dr. John W. Kelly, FAU president.
The International Max Planck Research School for Brain and
Behavior will accept applications for the fall 2016 semester later
this year.
6 PBCB
Adapting to
Asian CulturesWhen doing business in China, Singapore, Japan, Korea or other Asian nations,understanding and respecting the national culture is vital to success.
In the global economy, being sensitive to these differences can make or break
a business deal across the borders, according to John Diep, Asia/Pacific director of
international trade development for Enterprise Florida.
Diep led a special workshop on “China-Asia Cultural and Business Etiquette”
at the Business Development Board’s office on February 17. He emphasized that
if one becomes impatient, shows disrespect or ignores social rituals, one will be
unable to build the long-term personal relationships that are so essential to doing
business in Asia.
“Saving face is very important in Oriental cultures,” Diep said. “If you insult
someone or diminish their standing in the eyes of other people, that person will
never be your friend.”
Diep added that the concepts of harmony, balance and honor are fundamental
to Asian societies, and can form a strong foundation for a successful business
relationship. “Always reciprocate whenever you can,” he said. “Don’t make promises
unless you intend to deliver on them. If you run into a problem, apologize and
explain the situation so that your customer avoids losing face.”
� Be humble. Don’t boast about the excellence of your company
or products.
� Be formal. Don’t address someone on a first-name basis until
after you’ve built a personal relationship.
� Be prepared to negotiate every point of a deal right up until it’s
signed.
� Be on time. If you make someone late, they lose face.
� Be aware of titles. If you send a representative overseas, give that
person an appropriate title, such as manager or director.
� Treat business cards with respect. Carry them in a case, not
your pocket, and present them with both hands. Never write
on the face of card, and ask permission before adding a note to
the back of the card.
� Be prepared for long meetings. Becoming impatient puts you at
a serious disadvantage during negotiations.
� Bring an interpreter or ask the U.S. embassy for assistance
� Speak slowly and clearly, and avoid using slang and idioms.
� Use active listening skills to determine the other person’s reac-
tion to your proposals.
� Remember that “yes” does not always mean, “I agree.” Many
Asians find it hard to say “no” directly, because they don’t want
you to lose face.
� Don’t try to bulldoze your way through an obstacle. Instead,
table the issue temporarily and discuss it again at a later session.
� Don’t be in a hurry to speak. Many Asian people are comfort-
able with silence, and use that in their negotiating sessions.
� Ask open-ended questions so the other party doesn’t have to
answer “yes” or “no.”
� Be prepared to walk away from the deal if necessary.
� Learn a few words in the regional language, such as “hello,”
“please” and “thank you.”
� Arrive at least one day before the meeting so you can adjust to
the time difference.
Summing up his presentation, Diep said, “Sales is still a contact
game. If you want to succeed in Asia, you have to go there. Remember
that business in Asia and China involves building a long-term
relationship, rather than a one-time deal.”
Diep's office is located in the BDB's central offices located at 310
Evernia Street. He can be reached at (561)835-1008.
Here are several other suggestions from Diep on adapting to Asian cultures:
John Diep, Asia/Pacific director of internationaltrade development for Enterprise Florida
With its high quality of life, excellent schools, talented workforceand low-tax business climate, Palm Beach County is attracting
a steady flow of financial services firms from other parts of
the country.
“People in New York are really talking about
Palm Beach County,” said Kenneth Polcari, CNBC
market analyst and contributing editor, who
moderated the Business Development Board’s
January 29 panel discussion, “Catch the Financial
Wave to the Palm Beaches,” at the Kravis Center.
“Today, you don’t have to be on Wall Street to be
successful in financial services.”
Kelly Smallridge, BDB president and CEO, said
Palm Beach County is getting great “buzz” in
the Northeast’s financial center. “Our economic
development has put the county in the national
spotlight.”
Polcari, who is also director of the New York Stock Exchange
Equities Division, said the increasing presence of hedge funds,
private equity funds and family offices is creating new business
opportunities for other types of companies in the region.
The four panelists at the session talked about their decisions to
relocate to Palm Beach County or expand their firms’ operations here.
“I found the BDB to be very helpful in introducing me to
commercial and residential real estate brokers, headmasters of local
schools and other service providers for our firm,” said John Castle,
managing director, Branford Castle, Inc. “I tip my hat to their team.”
Michael Falk, chairman, Comvest Partners, launched his firm
here more than a decade ago after spending 20 years in New York.
“Palm Beach County has been an excellent location
for us,” he said. “As a private equity firm, we buy and
lend money to middle-market businesses. There is a
great pool of talent here in finance, administration,
compliance and other support staff.”
Kirby Rosplock, founder and principal,
Tamarind Partners, has been in Palm Beach County
for 11 years. She recently launched her consultancy
practice, focusing on family offices. “They have
complex strategic issues in terms of investment and
legacy planning.”
A former resident of Chicago, Euclid Walker,
managing partner, Parkway Investment Management LLC. came
to Palm Beach County almost two years ago. “I wanted a better
lifestyle from a family standpoint and a better business
environment for our firm. I travel a lot, and being able to fly from
Palm Beach International is a great experience.”
Castle and the other panelists expect more financial
companies to discover the benefits of being based in Palm Beach
County. “Big-time firms have found success here,” he said. “They
can find great talent and a great lifestyle.”
7PBCB
Firms
AttractingFinancial Services
From left, Kenneth Polcari, John Castle and Michael Falk
Kenneth Polcari with Kelly Smallridge
8 PBCB
The South Florida Manufacturers Association recently
recognized two Palm Beach County organizations with its
“Recognition of Excellence 2015 Awards”. Sancilio & Co.
(SCI), based in Riviera Beach, is a biopharmaceutical
company focused on advanced lipid technology and
complementary products. Lockheed Martin’s Mission
Systems and Training business in West Palm Beach and
Riviera Beach produces advanced undersea systems.
SFMA HonorsSancilioand Lockheed Martin
IEDC Holds Leadership SummitIn Palm Beach Gardens
The Business Development Board and the School District of Palm Beach
County have added a new alternative to the nationwide Take Our Daughters
and Sons to Work Day celebrated every year across the country. The new
program, called “Take A Student to Work Day” is scheduled for May 26.
The Business Development Board’s Branding and Marketing Education
Task Force created Take a Student to Work Day so high school students could
gain knowledge about top-tier employment opportunities in Palm Beach
County. Kelly Smallridge, BDB president and CEO, said, “It’s important that
students are able to see first-hand that there are many great career
opportunities here. We want our best and brightest students to remain in
Palm Beach County.“
Public and private businesses are encouraged to volunteer to host a
student for a day of job shadowing. The BDB is particularly looking for
businesses in agribusiness, aviation, aerospace, engineering, business and
financial services, distribution and logistics, clean technology, healthcare,
information technology, biotechnology and manufacturing.
For more information, contact Allie Amelio at (561) 835-1008.
Take A Studentto Work on May 26
&EventsNews
The International Economic Development Council (IEDC), a non-profit membership organization
serving economic developers, held its annual Leadership Summit on January 25-27 at the PGA National
Resort & Spa in Palm Beach Gardens. The summit explored the role and responsibility of economic
developers and organizations in channeling new ideas, markets, and products into their “gateways” to
increase local, regional, national and global economic growth in today’s competitive marketplace. The BDB
played a key role as the local conference organizer, providing speakers and organizational support.
On April 9, the U.S. Department of Agriculture (USDA) presented a
Community Development Award to municipal, educational and
economic development organizations for their collaborative efforts in
increase employment and economic development in the Glades
communities.
The Cities of Belle Glade, Pahokee and South Bay, along with the
Business Development Board of Palm Beach County, Lake Okeechobee
Regional Economic Alliance, Palm Beach State College, the School District
of Palm Beach County, and CareerSource Palm Beach County were
selected to receive the honor. This is a national award with one winner for
each of the 47 USDA regions. The Glades coalition received the award for
the Florida/U.S. Virgin Islands region.
USDA SalutesGlades Initiative
Lockheed Martin
9PBCB
Relocations & Expansions
USPA Properties, Inc., a wholly owned subsidiary of the United
States Polo Association, is relocating its corporate headquarters from
Lexington, Kentucky, to West Palm Beach where it expects to have a 30-
person professional staff.
USPA Properties manages the U.S. Polo Association brand,
partnering with licensees in over 135 countries worldwide to provide
consumers with branded apparel, accessories, luggage, home
furnishings and more.
The company was drawn to the West Palm Beach region due to its
desirability as an international polo destination and its favorable
lifestyle and area demographics that will allow the company to attract
top talent.
“USPA Properties is entering a new era of growth, and we wanted
a corporate presence and location commensurate with our inter-
national status,” said David Cummings, president and CEO of USPA
Properties. “Palm Beach County has a long and rich polo heritage, and
we could find no more ideal place to locate.”
Cummings noted that the Museum of Polo and Hall of Fame in
Lake Worth is located not far from USPA’s new location in Centrepark.
In addition, North America’s most prestigious polo event, the U.S. Open
Polo Championship — now in its 111th year — has been hosted since
2004 at the International Polo Club Palm Beach in Wellington.
Cummings also cited the Palm Beach County and Miami areas as
key U.S. markets for USPA Properties, which operates a for-profit
business that spans the globe from North America, the Caribbean,
Mexico and Central and South America, to Europe, Russia, the Middle
East and more.
In partnership with Palm Beach County, the Business Develop-
ment Board of Palm Beach County (BDB) also facilitated these
companies’ expansion and relocation plans:
Govic Capital and affiliates, a boutique wealth management firm
and hedge fund, has leased office space at 125 Worth Avenue in Palm
Beach where it has plans to hire up to eight employees. Govic Capital
will maintain a small presence in New York and Sarasota but Palm
Beach County is now the company’s headquarters location.
“We chose Palm Beach County because of the infrastructure
and convenient location,” said Mario Govic, founder and president of
Govic Capital.
Olympus Insurance, a provider of residential insurance products,
relocated from Orlando to Palm Beach Gardens, where they will hire
50 employees. “Our company is expanding its footprint and that
expansion means not only are we positioned to provide increased
capacity, additional product options, and better services for more
Floridians and their families, but also contribute to the Florida economy
by providing jobs which help support those same families,” said Jeffrey
B Scott, CEO Olympus Insurance. “It’s a win-win.”
Medytox Solutions, Inc. will expand its corporate headquarters in
West Palm Beach, creating 60 new jobs in addition to retaining 40 jobs.
Medytox is a holding company that owns and operates businesses in
the medical services sector. The company’s principal line of business is
clinical laboratory testing services to physicians, clinics and
rehabilitation facilities in the United States.
“Medytox’s growth was made possible because of the entre-
preneurial spirit of its management team and employees,” said Seamus
Lagan, CEO. “Our ability to expand in our current Palm Beach County
location is an ideal situation that will support future growth. Florida
provides a pro-business climate and the resources we need to continue
our success.”
In cooperation with Enterprise Florida, Palm Beach County, the
City of West Palm Beach and the City of Riviera Beach, the BDB assisted
Lockheed Martin in securing $3.2 million in state, county and city
incentives to retain 401 high-paying existing jobs in the county.
Lockheed Martin received $320,800 from the county, $160,400
each from Riviera Beach and West Palm Beach, and $2.57 million from
the state through the state’s Qualified Defense and Space Contractor
Tax Refund Program (QDSC). The project is expected to have a four-
year economic impact of $356 million.
Lockheed Martin’s Mission Systems and Training business has
facilities in West Palm Beach and Riviera Beach where the company
produces advanced undersea systems, ranging from manned submersibles
to unmanned remotely operated vehicles to autonomous vehicles.
“Lockheed Martin is such a major employer in our county that we
wanted to go out of our way to support their efforts in hopes they will
continue to grow their presence in Palm Beach County,” said Kelly
Smallridge, president and CEO of the BDB. “Due to the nature of the
defense business and the ups and downs of federal defense contracts, it
is very hard to keep those companies competitive and help them bring
down their costs while competing for those projects without some sort
of local support.”
Concurrent Technologies, a leading provider of hosted IT services
including web-based solutions for business intelligence, work process
management and CRM, is expanding its headquarter operations in
Jupiter where it will occupy 4,000 square-feet and will retain
15 employees.
Robert Stevens
10 PBCB
Palm Beach County’s economic development programs work hand-in-hand with our affordable housing and community redevelopment
efforts, all housed under the Department of Economic Sustainability
(DES). With much of the funding originating from federal programs,
business development, housing, and public facility and utility
infrastructure serve as the building blocks for sustainable
communities and create an environment suitable for
economic growth.
A prime example of how those invest-
ments generate economic rebirth is
within the unincorporated area
known as the Westgate Belvedere
Homes Community Redevelop-
ment Area (Westgate CRA). The
Westgate CRA is situated on the
north side of Belvedere Road
across from the Palm Beach In-
ternational Airport and is bor-
dered by Florida Mango Road
to the east, Okeechobee Boule-
vard to the North, and Military
Trail to the west. It was created by
the Board of County Commission-
ers in May of 1989 to encourage re-
development of this central-county
community, which had long-suffered
from blight and a lack of basic infrastructure
and investment.
Over the past 25 years, Palm Beach County has
financially supported projects to install water and sewer lines, paved
roads, curbs, gutters and sidewalks on Westgate Avenue, storm-water
drainage, dry retention ponds, canal widening improvements, and
neighborhood parks, including more than $9 million in federal funds
just in the past five years. In May of last year, the Westgate CRA
dedicated the Dennis P. Koehler Preserve, a large retention pond with
surrounding culverts and inlets to filter the storm-water before it
discharges into the C-51 canal, which includes a surrounding bird
sanctuary and natural eco-art elements.
State disaster recovery funds administered through DES have
made it possible to redevelop housing that had suffered damage
beyond repair from hurricanes, and additional federal
dollars were invested both in rehabilitating vacant
and foreclosed residential properties, and in
partnership with private industry to
develop Westgate Plaza Apartments, a
new 80-unit, energy-efficient rental
apartment community exclusively
for seniors.
The Westgate CRA and its
agency board have implemented
programs to encourage com-
mercial development including
reimbursements to businesses
for a portion of their site devel-
opment costs, and other incen-
tives to attract projects that meet
the goals of the CRA’s 2005
Amended Redevelopment Plan. Fur-
ther, the CRA is partnering with private
banks to offer grants in combination with
low-interest loans to homeowners for im-
provements projects.
These investments are transforming the Westgate
CRA’s commercial corridors and neighborhoods, which make the
community more desirable for business development and the quality
of life better for its residents.
For more information about the county’s business assistance
programs, contact Sherry at DES, (561) 233-3653.
Community Redevelopment Agencies –
TransformingNeighborhoods,Economies
By Sherry Howard, Deputy DirectorPalm Beach County
Department of Economic Sustainability
11PBCB
National Engineer’sWeek
The Business
Development Board
hosted the 2015
National Engineer's
Week Honors and
Awards Banquet on
February 2 at the Palm
Beach Convention
Center. Here are several
photos from the event.
12 PBCB
One of eastern Boynton Beach‘s many assets is the newly renovatedfull-service Boynton Harbor Marina, which offers convenient access
to offshore diving and fishing. “New residential development along
the Intracoastal Waterway is creating a lifestyle that is hard to beat,”
said Vivian Brooks, executive director, Boynton Beach Community
Redevelopment Agency. “With one
of the best beaches in the US within
walking distance, east Boynton Beach is
attracting lots of development interest.”
One example is the recently
approved and permitted 500 Ocean
project located at Ocean Avenue and
Federal Highway in downtown Boynton
Beach. This is a mixed-use development
that includes 341 residential units, 6,600
square feet of office space and 13,300
square feet of retail space. The 4.8-acre
project features a public plaza at Federal and Ocean with a soaring
modern public art sculpture.
Brooks explained that the Boynton Beach Community Redevelop-
ment Agency partnered with the developer to provide financial
incentives to create the much needed office space and enable the
project to “go green” in accordance with the City’s Climate Action Plan.
Building the project to the National Green Building Standard will help
preserve the city’s water supply and result in energy usage savings of 30
percent. The project is expected to break
ground in April.
Just to the north of 500 Ocean project
in the Heart of Boynton neighborhood, the
Boos Development Group has completed
the land use, rezoning and permitting for
an 8,100-square-foot Family Dollar store
on Martin Luther King, Jr. Boulevard.
“This is the first new commercial
development in this neighborhood in over
40 years,” said Brooks. “ The store will serve
the community’s needs for brand name,
affordable food and goods.” The Boynton Beach CRA partnered with
the developer to help offset the land cost by selling the CRA land at
below market value.
Boynton BeachNew Developments Underway in
13PBCB
Several major development and redevelopment projects are in the planning stage forDelray Beach, according to Elizabeth C. Burrows, economic development manager for
the city and the Delray Beach Community Redevelopment Agency.
� The Metropolitan is a proposed mixed-use five-story project with 48 condominium
units on upper floors, a retail/office/fitness center, and a parking garage on the first
and second stories.
� Fourth & Fifth Delray is planning to redevelop the former public library and
Chamber of Commerce office building to construct a 529-seat iPic movie theater,
along with 42,660 square feet of Class A office space, ground-floor retail, and a five-
story 279-space parking garage.
� The Fran Building is a redevelopment project on Atlantic Avenue that involves the
construction of a one-story 4,332 SF building with two retail bays.
� Uptown Atlantic, is a proposed mixed-use redevelopment project including 89
dwelling units, 26,345 square feet of office space, a restaurant and retail space, and
other amenities.
� Samar Mixed-Use, is a proposed four-story development with a 121-room hotel, 35
condominium units on the upper levels, and ground-floor retail space.
The Delray Beach Planning & Zoning Department is reviewing these and other
projects throughout the city.
Delray Beach
Marcus & Millichap, a leading commercial real estate investmentservices firm, recently announced the $19.5 million sale of The
George Buildings, two adjacent corner retail buildings in downtown
Delray Beach.
Howard Bregman, senior associate in Marcus & Millichap’s Fort
Lauderdale office, represented the seller, a South Florida family
corporation, and the buyer, a developer from Palm Beach. It is the first
time the properties have traded hands in more than 100 years.
“Tenant demand and development continue to rise in Delray
Beach and the revitalization and redevelopment of the Delray Beach
Art District has helped transform the area into a major tourist
attraction,” Bregman said.
The 19,855-square-foot property is located at 326 East Atlantic
Avenue and 400 East Atlantic Avenue and occupies the two most-
recognizable corners of downtown Delray Beach. “The offering
attracted a great deal of interest from local, regional, national and
international retail property investors,” said Bregman. “The buyer was
chosen as the best custodian for the assets and to carry the George
family legacy into the future.”
The George Buildings Sold for $19.5 Million
Robert Stevens
4th & 5th Delray, iPic Entertainment
New Projects Planned in
The George Buildings
14 PBCB
From left, Clarence Anthony, Michele Jacobs, Dari Bowman, Mike Burke, Kendra Palumbo and Thomas Bean
On March 5, the Education Foundation of Palm Beach County and theBusiness Development Board of Palm Beach County joined forces to
present the inaugural Palm Beach County
Education Leadership Awards. “A strong
educational system is critical to economic
development, and this is the latest step in our
initiatives to recognize the excellent quality and
breadth of education in Palm Beach County,”
said Kelly Smallridge, BDB president and CEO.
Dwight E. Stephenson, NFL Hall-of-Famer
and CEO/President of D. Stephenson Construc-
tion, delivered the keynote address. WPBF News
25 anchor Tiffany Kenney acted as host for the
awards ceremony at the Kravis Center.
“We are extremely excited to partner with
the BDB for this important event,” said Max
Macon, chairman of the foundation. “It is an
opportunity to honor leaders, supporters
and distinguished alumni of our Palm Beach
County schools.”
Distinguished Alumni Awards, honoring
Palm Beach County graduates for contributions to their communities
and professions, were presented to Clarence Anthony, executive
director, National League of Cities; Michele Jacobs, corporate director
of marketing and operations at The Forbes Company; and charitable
activist Dari Bowman.
“Education is a great equalizer,” said Anthony, a
graduate of Glades High School and Palm Beach State
College. “I found my calling in government, serving as
a voice for people who otherwise would not be heard.”
The Volunteer Leadership Award was presented
to Eagles Landing Middle School volunteer and
PTSA president Kendra Palumbo, while the
Partners in Education Excellence Award, went to
Florida Power & Light Company and was accepted
by Thomas Bean.
The Superintendent’s Outstanding Leadership
Award, was given to Mike Burke, Palm Beach
County School District Chief Operating Officer and
Chief Financial Officer. “This award reflects
our great team of professionals in our district,”
Burke said.
The Education Foundation of Palm Beach
County is an independent, self-funded organization
that fulfills unmet funding gaps of the School
District of Palm Beach County through programs and grants that
link and engage community leaders in the process of supporting
public education.
RecognizingLeaders in Education
Dwight E. Stephenson
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