Pompano Beach Pier Project

Services Provided:

  • Prime Redevelopment Real Estate Advisor
  • Issued RFP Bid Documents
  • Negotiated P3 Development of Public Pier Lot
  • Managed all Consultants & Advisers
  • Assistance with Bond Issuance
  • Massive Community Outreach Campaign

Public-Private Partnership (P3)

After a major redevelopment proposal was torpedoed by area residents and condominium board members, a prime beachfront parcel fell into decay as a surface parking lot. The 5+ acre city-owned parcel was then deed restricted to public use only, and all parking along the beachfront was removed, effectively making the beach only useable by the area condominium owners. The tired and dated look of the streetscape along the beach only added to the blighted look of the area.

An active group of stakeholders finally decided something needed to be done with the blighted beach area despite the residents’ resistance to any type of redevelopment activity. RMA was hired by the CRA and proposed a small pedestrian scale beachfront village with restaurants and retail, and the reinstatement of on street parking so non-condominium residents could access the beach and patronize the new retail and restaurants. After tremendous pushback from the residents, the consultant team was able to generate sufficient support city-wide to reclaim the beach front for all resident, not just those who lived next to the beach.

A $10 million streetscape project including dune restoration, and reversing the no parking ban, created an environment to attract a Master Developer for small scale beach-oriented restaurants, shops and a hotel through an RFP.

The public improvements including an award-winning state of the art parking garage and streetscape created a one-of-a-kind environmentally sensitive project. Tenants from all over the country were drawn to the project with one restaurant investment exceeding $9 million. Parking revenue increased from $500,000 a year to over $2. 8 million which funded the garage, and general fund revenue from the lease will exceed $700,000 annually. There is now universal support for the project, even by the condominium owners.

Courtesy Pompano Pier Associates, LLC.