The Downtown District continues to transform with the latest redevelopment project set to break ground at the end of 2025. The 3.5 acre site located at 114 – 222 N. Federal Highway has always been a key redevelopment site for the Agency and community stakeholders and now we are one step closer to seeing shovels in the ground. The Ocean One project site consists of 371 residential rental units as well as approximately 25,000 square feet of retail and commercial space.
On May 14, 2024, the BBCRA Board approved a Tax Increment Revenue Funding Agreement with the development team Hyperion Group LLC for a maximum of $9,000,000 over a 12-year term. In return, Ocean One will provide 90 public parking spaces with 20 on-street public parking spaces in perpetuity with 20% of the parking revenue to be shared with the BBCRA.
Visit the BBCRA website to learn more about this development project.
Boynton Beach Insider 
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