Property Acquistion Report_FINAL

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Transcript of Property Acquistion Report_FINAL

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    The Riviera Beach Community Redevelopment Agency has identified three areas for immediate infill

    housing and redevelopment within the Agencys Boundaries. These Impact Areas are:

    1. Avenue E Impact Area #1: Broadway/US-1to Avenue G, south of 23rd street. The CRAs strategy is to stabilize neighborhoods along Avenue E from 11th street to 23rd street by infill

    housing development; focused on owner occupancy. The CRA is slated to invest $7 million

    in street and sidewalk improvements along Avenue E by 2018.

    2. MLK Impact Area #2: Avenue G to Australian Ave., MLK Blvd. to 10th Street and the 7th Street Target Properties along the Linear Park (Avenue L; three properties on 7th just east of

    the Linear Park, on the north side of the road.) The CRAs goal is to eliminate blight along

    the MLK Blvd/SR 710 corridor and embark on a major transformation of the area at Avenue I

    (to the east) and Australian Avenue (to the west) between MLK Blvd./SR 710 and 9th Street.

    The focus is to create a new residential development providing quality rental housing for low

    income families. The focus is to create a neighborhood within a neighborhood.. The Florida

    Department of Transportation (FDOT) is clearing MLK Blvd./SR 710 between Australian

    and Old Dixie HWY for a four lane vehicle roadway.

    3. Old Dixie Impact Area #3: 1st Street to 10th Street (properties immediately adjacent to Old Dixie Highway within the Agency boundaries), Old Dixie Highway to Avenue G to 6th

    Street. The CRA seeks to create a commercial mixed use neighborhood with a focus on

    neighborhood retail and an additional residential development for low to moderate income

    families. FDOTs road improvements have displaced businesses and created a void for

    neighborhood goods and services. Old Dixie Hwy. is a high traffic corridor and an attractive

    business district can help sustain small and minority owned businesses.

    This report was prepared by Dynamite Planning Tech using ArcGIS mapping, along with the Riviera

    Beach CRA Plan, discussions with staff, and visual inspections of potential acquisitions.

    Recommendations focus on acquiring properties to further the CRA strategies highlighted above.

    Within the Impact Areas, several major redevelopment projects are planned such as the:

    1. Avenue E Bike Path (a bike path will be constructed along Avenue E from 11th Street to Silver Beach Road).

    2. The reconstruction and widening of SR 710 east/west from Australian Avenue to Old Dixie Hwy and north/south from Old Dixie Hwy and SR 710 to 10th Street.

    3. Sidewalk reconstruction and completion within the Riviera Beach Heights neighborhood 4. The Community Garden construction on 10th Street in the Riviera Beach Heights Neighborhood 5. The ongoing HouseXHouse painting and rehabilitation program within the Riviera Beach Heights

    Neighborhood

    6. The Linear Park which will reconnect the Riviera Beach Heights

    Neighborhood north to south.

    The CRA is seeking to acquire over $9

    million in real estate acquisitions and to

    budget an additional $11 million in

    development and design to stabilize and

    transform Park Manor and Riviera Beach

    Heights Neighborhoods in the CRA District.

    The CRAs Goal is to leverage its A&D

    budget five fold into $12.5 million of new

    residential and commercial construction.

    Collaborate with Code

    Enfocement

    Collaborate with Major

    Property Owners

    Secure Bank Owned

    Properties

    Achieve Neighborhood Improvement

    Objectives

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    The CRAs priority of acquisitions will focus on the following:

    1. Collaborating with approved developers/property owners to assemble sites for targeted redevelopment

    2. Assessing property records to secure bank owned properties apparently acquired through foreclosures

    3. Assessing code enforcement records to secure properties through aggressive purchase efforts. 4. Areas targeted to further the CRAs neighborhood improvement objectives

    The tables below present the total market value of ALL properties targeted for acquisition and

    redevelopment to achieve the Agencys redevelopment goals within the Impact Areas.

    Avenue E Impact Area 1

    Sub Areas Total Parcels 2014 Total Market Value

    #1 1100 Block 11th Street 30 $1,496,072

    #2 13th Street Corridor 35 $878,178.00

    #3 Avenue E Corridor 33 $3,180,106.00

    Total Market Value $5,554,356

    MLK Impact Area 2

    Sub Areas Total Parcels 2014 Total Market Value

    #1 1000 Block MLK 27 $1,052,794

    #2 700 Block 10th Street

    (including City Easement)

    8 $180,472

    #3 Scattered Parcels 40 $1,078,538

    Total Market Value $2,311,805

    Old Dixie Impact Area 3

    Sub Areas Total Parcels 2014 Total Market Value

    #1 Old Dixie and 10th 7 $714,905

    #2 Old Dixie, MLK, 9th

    and 7th Parcels

    27 $1,066,106

    #3 500 Block 1st Street 1 $170,145

    Total Market Value $1,951,156

    Within the subareas, recommendations for acquisition are further refined to Top Priority Acquisitions; these are the

    individual properties that will be acquired within the next six to twelve months; within each impact area using a

    variety of acquisitions methods. These properties are listed in detail on the following pages.

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    Impact Area 1

    Priority Acqusition 1

    233 13TH ST

    321 13TH ST

    56434233060220010 BROADWAY

    56434233060220010 BROADWAY

    56434233060160292 AVENUE E

    56434233060120011 AVENUE E

    56434233060130172

    56434233060130152

    56434233060120011 AVENUE E

    Priority Acqusition 2

    232 AVENUE F

    224 AVENUE F

    216 AVENUE F

    201 12TH ST

    173 AVENUE F

    167 AVENUE F

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    Impact Area 2:

    *Properties are listed in order of importance.

    Top Priority Acqusition 1*

    1148 DR. MLK BLVD/1150 W 8TH ST

    1028 DR. MLK BLVD

    1020 DR. MLK BLVD

    1068 DR. MLK BLVD

    1036 DR. MLK BLVD

    1060 DR. MLK BLVD

    1044 DR MLK BLVD

    1012 DR MLK BLVD

    1000 DR MLK BLVD

    W 8TH ST (Vacant Lot)

    Top Priority Acqusition 2

    1105 W 9TH ST

    820 W 9TH ST

    W 9TH (56434232010250120)

    1125 W 9TH

    1115 W 9TH

    1105 W 9TH

    W 9TH ST (56434232010250010)

    1065 W 9TH

    1057 W 9TH

    1049 W 9TH

    1041 W 9TH

    1033 W 9TH

    1025 W9TH

    1017 W9TH

    1009 W 9TH

    1001 W 9TH

    Top Priority Acqusition 3

    W 8TH ST (56434232010230350)

    965 W 9TH

    949 W 9TH

    943 W 9TH

    W 9TH (56434232010230040)

    901 W 9TH

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    Impact Area 3

    Priority Acqusition 1

    501 OLD DIXIE HWY

    W 5TH ST

    525 OLD DIXIE HWY

    601 OLD DIXIE HWY

    611 OLD DIXIE HWY

    600 DR. MLK BLVD

    608 DR. MLK BLVD

    Priority Acquistion 2

    W 7TH ST

    574 W 6TH ST

    595 W 7TH ST

    578 W 6TH ST

    556 W 6TH ST

    598 W 6TH ST

    587 W 6TH ST

    562 W 6TH ST

    579 W 7TH ST

    Priority Acquistion 3

    233 OLD DIXIE HWY

    301 OLD DIXIE HWY

    531 W 4TH ST

    411 OLD DIXIE HWY

    501 OLD DIXIE HWY

    109 OLD DIXIE HWY

    125 OLD DIXIE HWY

    523 W 3RD ST

    315 OLD DIXIE HWY

    201 OLD DIXIE HWY

    522 W 3RD ST

    501 W 1ST ST

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