Overview of the City
The City of Lake Worth is located on the southeast coast of Florida, in Palm Beach County, just south of West Palm Beach and north of Delray Beach, FL. Although development in Lake Worth has been sporadic for the last 50 years, development pressure from both the north and south have made the City a focal point for new investment. The City is determined to attract new residents, businesses and activities while still remaining quaint, distinctive and authentic. Lake Worth is known as the place where art is created due to the many artists who call Lake Worth home. It is home to such cultural institutions as the Cultural Council of Palm Beach County, the historic Lake Worth Playhouse, Benzaiten Center for Creative Arts and hosts the annual Street Painting Festival, Pride Fest and Dia de los Muertos cultural fest. It is also well known for its inclusive environment and its diverse ethnic make-up.
The available sites are just west of the downtown, in an area undergoing significant redevelopment. Values in this area have been steadily rising in recent years as more residents move to the area for its close proximity to everything Lake Worth has to offer, including the arts district, recreational activities, live entertainment and the beach, which is less than a mile away.
The purpose of this Request for Proposals (RFP) is to solicit proposals for the development of vacant, CRA-owned parcels along both Lake and Lucerne Avenues in the mixed-use east zoning district (corresponding land development regulations, future land use policies, density bonuses and economic incentive opportunity are included as appendixes A, B, C & D). A total of eleven lots located along Lake and Lucerne Avenues between “F” and “C” Street and west of the FEC tracks were purchased by the CRA by either Federal Neighborhood Stabilization or Line of Credit funds. The CRA is seeking proposals for all of the parcels available. Although different proposals may be submitted for each of the lots and blocks, the intent of the RFP is to create a unified vision with similar uses in the District that complement the existing landscape as well as each other. A proposal from one developer, willing to develop all of the parcels is preferred. It is the CRA’s intention to competitively select a Developer with the proven ability and interest to construct a development or developments, and also, to own the property once constructed. Projects must be at least two to three stories in height. Each project must have a mix of uses.