Altamonte Springs-based LeCesse Development Corp.’s 500 Ocean broke ground July 9 on the southwest corner of Federal Highway and Ocean Avenue. The project, to be built in phases, will comprise 341 apartments, 13,300 square feet of retail space and 6,600 square feet of office space, with the first part expected to be completed in the summer of 2016. In exchange for $4.49 million in incentives over the next 10 years, the developer will build the apartments to a special green building certification and provide three electric vehicle charger stations as well as include office space. The money will come from tax revenue created from the construction. ABOVE: (l-r) Boynton Beach City Commissioner Mike Fitzpatrick, Vice Mayor Joseph Casello, Chamber of Commerce Executive Director Jonathan Porges, Boynton Beach Mayor Jerry Taylor, Community Redevelopmant Agency board member Woodrow Hay, CRA Executive Director Vivian Brooks and MSA Architects' George Mouriz turn dirt with ceremonial shovels at the groundbreaking.
Taylor Jones/The Coastal Star; rendering provided
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