February 12, 2020 – Riviera Beach, FL – The Riviera Beach Community Redevelopment Agency (RBCRA) and City of Riviera Beach City Manager begin preliminary negotiations with APD Solutions Real Estate Group (APD) and Tezral Partners LLC, for the development of the Riviera Beach Marina, Phase II.
APD Solutions based in Atlanta and Tezral Partners based in West Palm Beach were competitors in the city’s 2018 RFP process for the continued development of Marina Village. APD ranked the highest and Tezral was a close second. At the suggestion of the CRA Board the two teams merged efforts to allow for greater participation of a local firm. The newly found partnership entitled APD-Tezral will be a joint venture between the two minority-owned firms.
Original proposals for the development were initially submitted by each firm in July 2018. On May 1, 2019, RBCRA staff requested permission from the CRA board to collect a unified proposal from APD and Tezral. On July 22, 2019, APD-Tezral replied with a joint proposal, meeting all requirements. On October 9, the CRA board voted to proceed with negotiations of a development agreement and the first meeting with all parties was held on January 8, 2020. “We are honored to have been selected as a result of a rigorous procurement process. With our local partner, Tezral, we plan to make the Riviera Beach Marina Village a destination of choice that empowers community residents with economic opportunity,” said Vaughn Irons, CEO of APD Solutions.
The proposed Phase II returns Tony Brown of the Principal of Tezral and former RBCRA Executive Director, to play a leading role in the redevelopment of Riviera Beach. “As the other co-manager of this venture, Tezral Partners are pleased to be teamed with APD Solutions and we now have the opportunity to complete the work we started.” Our proposal will complete the redevelopment and provide opportunities for the local community to invest, work as sub-contractors, and secure jobs for local residents from the success of our redevelopment efforts, said Brown.
COMING SOON: MARINA VILLAGE PHASE II
The state-of-the-art site will feature: 130 Room Hotel, 225,000 square feet of retail/restaurant space, up to 320 apartment units, 1,600 parking spaces, as well as various attractions and entertainment activities that will take place in Bicentennial Park.
Employment: Provide over 1,300 local jobs
Wealth: Create multi-generational wealth through equity ownership by local minority investors
Commerce: Over 56,000 sq. ft. of retail space dedicated to supporting entrepreneurship and growing local businesses
Work & play: 320 units of workforce housing for local residents while developing the most vibrant & active waterfront
The Marina’s visionary approach connects the new amenities and attractions to the waterfront, making it convenient for families to eat, play, shop, and stay all in one place. Visitors will spend more hours enjoying quality time with their families at a one of a kind destination.
ABOUT APD SOLUTIONS
APD Solutions Real Estate Group (APDS) is an award-winning community and economic development firm providing services and strategies that impact distressed and underserved areas across the United States. Our clients are public and private sector organizations who are seeking ways to revitalize neighborhoods or grow local industry that result in vibrant and competitive places. Our mission is to design strategies and assemble partners that will create socially responsible development, new investment growth, sustainability and quality of life in the communities we serve. Our experience in community and economic development has resulted in the creation of a unique service provider. Our staff brings nearly 300 years of combined industry experience to assist in responding to the decline of communities and restore the framework that makes neighborhoods desirable.
ABOUT TEZRAL PARTNERS
Tezral Partners is a 100 percent minority-owned firm headquartered in West Palm Beach, Florida and formed by T. Brown Consulting Group (TBCG) and All-Site Construction to develop Phase II of the Riviera Beach Marina Village. TBCG is a real estate development and consulting firm. TBCG was founded by Tony Brown and began operations in 2006 with office locations in Cincinnati, Jacksonville, Riviera Beach and Tallahassee, Florida. TBCG’s capital solutions have resulted in over $10 billion in private capital flowing into underserved areas for grocery stores, loans to small and minority-owned businesses and to create new lifestyle communities for redevelopment areas. All-Site is a local homegrown prime contractor founded in Palm Beach County by Ezra Saffold and is one of Riviera Beach’s largest Black-owned businesses. All-Site will lead all construction activities and ensure that local minority-owned businesses are active participants in the process.
Company Name: APD Solutions
Contact Person: Camille Coakley
Phone: (678) 961-4273
City: Riviera Beach
Country: United States