Riviera Beach board advances $500 million mixed development project

The Riviera Beach Community Redevelopment Agency (CRA) has advanced the $500 million Oculina project, a towering 25-story mixed-use development, after a unanimous board vote to send it to City Council for approval. Since CRA members are on the City Council as well, Oculina’s likely to receive the green light to start construction. The project will replace an abandoned grocery store with 399 residential units, 9,680 square feet of retail space, 17,120 square feet of restaurant space, and 11,000 square feet of office space.

"This project will establish a new, high-quality development standard in the Broadway corridor," said Scott Evans, Director of Planning and Development for the CRA. Oculina is strategically located in an area city officials have described as a "ribbon of opportunity," where economic and community development can flourish.

For Palm Beach County real estate agents and companies, Oculina represents a significant opportunity. The addition of nearly 400 residential units will likely generate interest from both potential homebuyers and renters seeking modern living spaces in a growing urban area. The retail, restaurant, and office components of the project also provide substantial opportunities for businesses looking to establish a presence in Riviera Beach.

Oculina’s focus on mixed-use development reflects a broader trend in real estate, where live-work-play environments are increasingly in demand. Real estate professionals will find this project aligns with current market preferences for walkable, convenient urban living spaces that offer easy access to amenities.

"The look, feel, and investment potential of Broadway will improve as we attract more high-quality projects like Oculina," Evans said. His vision is to transform the area into a safe, vibrant space that draws both residents and businesses, boosting the local economy and setting the stage for future investments.

As Riviera Beach prepares to take the next step with the Oculina project, the city’s vision of revitalizing the Broadway corridor is quickly coming into focus, with the promise of significant returns for investors and residents alike.

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