The Boynton Beach City Commission recently approved a development project between the city, the Boynton Beach CRA and Affiliated Development to build a mixed-use, mixed-income workforce housing project called The Pierce.
Located west of Federal Highway between Ocean Avenue and Boynton Beach Boulevard, The Pierce will offer 16,800 square feet of restaurant and commercial space, a minimum of 236 apartment units and a parking garage that will include 150 public parking spaces. Affiliated Development was the only proposer with an agreement with longtime Boynton Beach restaurant, Hurricane Alley, which secured the business’ future in Boynton Beach.
Fort Lauderdale-based Affiliated Development outbid four other firms that responded to an RFP in December 2021 issued by the Boynton Beach CRA, including Related Group. Negotiations have been ongoing since then and all agreements have been finalized and approved by the CRA Board and City Commission.
“We are community builders and have a track record of working alongside our City and CRA partners to create a transformative projects that increase the quality of life for the city’s residents,” Jeff Burns says, CEO of Affiliated Development. “We have had our eye on Boynton Beach for a while and strongly believe that Boynton Beach is poised to reach its full potential.”
The Pierce will offer 50% of the project’s units at varying workforce housing levels to accommodate the demand for Class A living at attainable rents. The Pierce’s 8-story apartment building will offer luxury finishes, features and amenities, including a resort-style pool with private cabanas, a state-of-the-art fitness facility, a co-work collective and keyless Bluetooth door entry. The Pierce will be built and certified to national green building standards.
The Boynton Beach CRA had assembled over two acres of property and underwent a competitive process that vetted the project’s merits and the developer’s strength. Affiliated Development specializes in public-private-partnership development and has several completed projects in Broward and Palm Beach Counties. Its next step is to begin the land use entitlement process.
“If all goes smoothly, we anticipate getting underway during the mid-2023,” Burns says.
Photo Credit: The Pierce/Affiliated Development