Cottage District Affordable Workforce Infill Housing Homeownership Project

• PROJECT LOCATION: block between N. Seacrest Blvd. to east, NE 4th Ave to south, NE 1st St to west and NE 5th Ave to north
• COMMENCEMENT: 2023
• COMPLETION: Ongoing
• DEVELOPER(s): Pulte Home Company, LLC
• BBCRA DISTRICT: Heart of Boynton 
• BBCRA FUNDING:
  • ACQUISITION: $3,306,500

PROJECT DESCRIPTION: 

The the BBCRA-owned Cottage District Project site is approximately 4.5 acres of vacant property located between N.E. 4th and N.E. 5th Avenues and N. Seacrest Boulevard and N.E. 1st Street. The Project site lies within the BBCRA's Heart of Boynton District boundaries and is identified in the BBCRA 2016 Community Redevelopment Plan as a priority site for the construction of new affordable or workforce home ownership opportunities and has the added benefit of being located in the Palm Beach County Qualified Opportunity Zone.

The BBCRA Community Redevelopment Plan’s goals are to leverage this publicly owned real estate asset to support the overall redevelopment of the Heart of Boynton community and surrounding area, to increase affordable home ownership opportunities for low and moderate income households within 60-140% Palm Beach County Area Median Income (AMI), and to provide quality public enhancements that improve the economic, cultural and aesthetic quality of life for residents of the community.  

At the July 12, 2022 meeting, the CRA Board selected a Letter of Intent from Pulte Home Company, LLC and began negotiations for a Purchase and Development Agreement which was approved at their January 10, 2023 Board meeting.  The proposed site plan includes, at minimum, 41 for-sale, owner occupied units consisting of at least 19 single-family detached units and 22 townhomes. The site plan also includes street lighting, landscaping, 5-ft sidewalks, and on-street parking. All of the homes will be marketed and sold through Palm Beach County's Workforce Housing Program and sold at 60%-100% of the County's Area Media Income. 

At the February 6, 2024 City Commission meeting, Pulte Home Company received the necessary site plan approvals to move forward with the redevelopment of the site. 

The project which has been a priority site for the construction of new affordable or workforce home ownership is anticipated to be completed within two years of commencement of construction.