Related Group and BH Group are adding another planned project to the joint venture’s ongoing pipeline.
Late last month, the Riviera Beach City Council, acting as the board of the city’s Community Redevelopment Agency, approved a 99-year ground lease with Related and BH to develop a pair of 20-story buildings with 424 apartments and 8,000 square feet of retail in Marina Village. The joint venture also includes Tezral Partners, a West Palm Beach-based real estate firm led by Tony Brown, a former executive director of the Riviera Beach CRA who was fired in 2016.
JLL brokered the lease agreement for the vacant property at 190 East 13th Street, according to city documents.
Marina Village is a 90-acre waterfront redevelopment site where Coconut Grove-based Related had a separate deal with the city to build another two-tower rental complex with 399 units. The development firm recently completed Icon Marina Village at 4444 and 4334 North Flagler Drive.
Read more here.