RIVIERA BEACH, Fla. (Dec. 11, 2015) – The Riviera Beach Community Redevelopment Agency (CRA) Board of Commissioners on Wednesday night voted 5-0 to accept Viking Developers’ withdrawal as Master Developer of the Riviera Beach Marina. The CRA and Viking spent 10 years developing and readjusting the vision for a $375 million marina transformation. The City and CRA have already invested $35 million in public funds into the project, and the Marina Event Center will open this spring.
“The CRA will continue to work with Viking as one of the landowners at the marina. We enjoy mutual respect and will cooperate with each other’s plans and timelines,” said Tony Brown, Executive Director of the Riviera Beach CRA. “Viking is an exceptional corporate citizen and has done so much for our community in Riviera Beach.”
The Riviera Beach Marina is currently undergoing a $35 million, publicly-funded transformation, which includes a two-story Marina Event Center and a reimagined Bicentennial Park. This public investment is intended to spur private development in and around the marina, eventually spreading out to Broadway and beyond. Future plans include a waterfront “Restaurant Row,” a Public Market, retail shops, offices, a hotel and more.
The CRA Board directed staff to develop a plan for parking to ensure that private development at the Marina will continue. The city and CRA will begin discussions with potential new partners for the private development of publicly-owned properties along Broadway now that public improvements at the marina are nearly complete.
The marina is currently home to a wide variety of recreation activities including scuba diving, snorkeling, paddleboarding, kayaking, deep-sea fishing and sightseeing charters among others. The transformation of the Riviera Beach Marina will create a vibrant and authentic destination for both visitors and residents.
Commercial real estate broker CBRE is in the process of identifying potential restaurant tenants for restaurant row. The Public Market is in design phase and the CRA is applying for New Market Tax Credits to assist with funding construction.
For more information about Riviera Beach Community Redevelopment Agency projects, please visit rbcra.com or call 561-844-3408.