The Pierce Mixed-Use Project Funding Restructuring
Summary
The CRA board approved restructuring financial incentives for 'The Pierce' mixed-use project at 115 N. Federal Highway, replacing a 15-year TIRFA agreement with a $7 million grant paid over three years. This change aims to accelerate construction after years of litigation delays and bring new residential units and commercial space to downtown.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Jul 14, 2026.
Impact analysis
Allocates a $7 million grant incentive over three years to accelerate the development of 115 N. Federal Highway.
Future residents, local businesses, and downtown patrons who will benefit from completed residential units and commercial space.
None identified.
Mentions & discussions (3)
Community Redevelopment Agency Board - Jul 14, 2026
The board approved shortening performance milestones from three years to two years for BB QOZ, LLC's major mixed-use project.
Community Redevelopment Agency Board - Jun 9, 2026
The CRA board approved restructuring financial incentives for 'The Pierce' mixed-use project at 115 N. Federal Highway, replacing a 15-year TIRFA agreement with a $7 million grant paid over three years. This change aims to accelerate construction after years of litigation delays and bring new residential units and commercial space to downtown.
Demolition clears way for new development at former Inn at Boynton Beach
Demolition clears way for new development at former Inn at Boynton Beach WPBF
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