98 ON 5TH
Affordable Rental Commercial Space Available. Apply now!
Affordable Rental Commercial Space Available. Apply now!
98 On 5th is designed to revitalize and encourage economic activity within the CRA District which will be accomplished through the provision of affordable commercial retail and professional office space at 98 NW 5th Avenue. The property is owned by the CRA, which will ensure its affordability for years to come.
See below drop down sections for more details, tenant qualifications/eligibility criteria, and a link to the tenant application.
Only the five (5) first floor bays at 98 NW 5th Avenue will be leased through this Notice. Each bay offers the following:
Tenant bays are not equipped with kitchens and no commercial kitchen buildout will be allowed.
98 NW 5th Avenue is located within the City of Delray Beach’s West Settler’s Historic District, and the CRA’s Community Redevelopment Plan (Plan) identifies the NW/SW 5th Avenue corridor within the NW & SW 5th Avenue Beautification Project #2.1 (Project #2.1). The objective of Project #2.1 is to revitalize the NW & SW 5th Avenue corridor into a thriving district for neighborhood businesses and cultural activities with the strategic provision of diverse neighborhood shopping, services, and cultural facilities that will serve to enhance overall business activity and pedestrian activity in the area. The construction of affordable commercial, retail, and professional office space in the Northwest Neighborhood at 98 NW 5th Avenue is one way the Delray Beach CRA is ensuring that this objective is realized.
Per Florida Statutes:
163.340(9) “Community redevelopment” or “redevelopment” means undertakings, activities, or projects of a county, municipality, or community redevelopment agency in a community redevelopment area for the elimination and prevention of the development or spread of slums and blight, or for the reduction or prevention of crime, or for the provision of affordable housing, whether for rent or for sale, to residents of low or moderate income, including the elderly, and may include slum clearance and redevelopment in a community redevelopment area or rehabilitation and revitalization of coastal resort and tourist areas that are deteriorating and economically distressed, or rehabilitation or conservation in a community redevelopment area, or any combination or part thereof, in accordance with a community redevelopment plan and may include the preparation of such a plan.
163.370(2)(c)(5) Carrying out plans for a program of voluntary or compulsory repair and rehabilitation of buildings or other improvements in accordance with the community redevelopment plan.
The Notice of Intent to Lease the CRA-owned Property at 98 NW 5th Avenue is restricted to commercial uses. Commercial uses shall be retail/specialty shop, restaurant/café, professional offices, financial services including banks and/or artist retail gallery/workspace as permitted within the Central Business District (CBD) zoning district, more particularly described in the City of Delray Beach’s Land Development Regulations.
Applicant Criteria
Business Type
Restricted to commercial retail businesses, personal service providers, and professional office users. Commercial uses shall be including but not limited to the following types of businesses:
Pursuant to the goals of the CRA and the City of Delray Beach Land Development Regulations, the following businesses/uses will be considered automatically ineligible to apply:
Applications will be available online via Jotform. The Application link is: https://form.jotform.com/230715416862153. Printed, hard copy applications are available by contacting the CRA Office at 561-276-8640.
Complete applications must be submitted by June 15, 2023 and must include the following documentation:
a) Completed online application submitted within the deadline
b) Complete Business Plan – define all details of the company as well as any plans for anticipated buildout of the space and launch timeline. Timeline should account for any site plan and permit approval.
c) Description of the legal organizational structure of the applicant business including the title and names of the officers/partners/directors/members over the last two (2) years (if the applicant entity is affiliated with another entity, please provide a statement representing the nature of the affiliation along with the other entity’s name, address, phone number, and a listing of the officers/partners/directors/members)
d) Two-year financial projections of business operations/maintenance
e) Budget for business operations, including startup costs
f) Evidence of financial ability/capital to operate (may include approved loan, cash balance, line of credit, etc.)
g) IRS Income Tax Returns for the business, most recent 2 years’ worth (total gross receipts or sales cannot exceed $1 Million*
h) Current Business Tax Receipt (provide a copy of the Business’s Tax Receipt for current location of operation, if available at the time of submission. If not available, the Successful Proposer will need to provide one before an Agreement can be finalized).
i) Business License & Registration with Florida Department of Business and Professional Regulation (DBPR)
j) Professional Licenses and Certifications, if applicable
k) Photos/images of business, products, services to be provided
l) Other pertinent information
*The Delray Beach CRA reserves the sole and absolute right to select tenants that best serve the interests of the CRA District.
Criteria to be used by the Selection Committee in reviewing applications are grouped into four categories weighted as follows:
I. Organization Capacity & Qualifications (20%)
II. Experience and track record operating similar business/program/project (25%)
III. Strength of the Application/Proposal Narrative and Business Plan (20%)
IV. Budget, Finances, Sustainability (25%)
V. Overall Proposal (10%)
Specific items will be rated by each member of the Selection Committee on a scale of 1 to 5, worst to best possible response: (1) 1 – Weak. Significant deficiencies in meeting requirements/information is unclear, (2) Fair. Some Applicability, (3) Good. meets minimum specifications, (4) Very Good. Substantial applicability, (5) Excellent. Exceeds applicability.
The Selection Committee will consist of the CRA Executive Director as the Chairperson and five reviewers as follows: one (1) City staff, three (3) CRA staff, one (1) community member.
Policies are subject to change as the needs, laws and or policies change by the City of Delray Beach, Delray Beach CRA. Staff will continue to work with the Delray Beach CRA’s legal counsel to review and update all policies/procedures in order to adhere to all laws, standards and levels of liability necessary to operate the Notice of Intent to Lease fairly and safely. As these sections are sourced directly from a working document that generally contains administrative procedures and processes, the intent is for the Board to accept the Policies and Procedures Manual, which may be modified from time to time, as determined by the Executive Director of the Delray Beach CRA.