PBI
West Palm CRA board votes 5-1 to deny West Palm Point deadline extension
The West Palm Beach Community Redevelopment Agency board voted 5-1 to deny the 17-month completion extension it had granted in September for Cohen Brothers Realty's West Palm Point office tower on the city-owned tent site, restoring the mid-2027 deadline. Board members cited changes in the financing partnership; the developer's attorney disputed that and said a $350 million construction mortgage is in place. The CRA director said the company is again in default of its lease and the consequences are not yet known.
Downtown / Okeechobee Boulevard and South Dixie Highway · Source: The Palm Beach Post (via Yahoo News)