Florida Developer Sues CRA Over $75M Project
Miami-based developer BH3 Management LLC filed a complaint Friday against the Community Redevelopment Association of Delray Beach, Florida, after the CRA board moved to terminate a public-private partnership.
The partnership was formed to give land worth $19M to the developer to build a mixed-use project anchored by a Publix supermarket. The CRA argued that the developer did not meet key deadlines, but BH3 contends it should be entitled to more time because of the coronavirus pandemic and design changes requested by stakeholders.
BH3
Florida developer BH3 planned a Publix-anchored development called Fabrik in Delray Beach, Florida