A Quarterly Economic Development Publication Spring 2015

New Commercial and Residential Projects | Honoring Education Leaders | Latest Relocations and Expansions

Advancing

LifeSciences

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CONTENTSAdvancing the Life Sciences

Palm Beach County is an appealing location for life sciences

Adapting to Asian CulturesUnderstanding and respecting Asian culture is vital to business success

Attracting Financial Services FirmsPalm Beach County is attracting a steady flow of financial services firms.

NewsIEDC Holds Leadership Summit In Palm Beach Gardens

SFMA Honors Sancilio and Lockheed MartinUSDA Salutes Glades Initiative

Take A Student to Work on May 26Relocations & Expansions

Community Redevelopment AgenciesEconomic development programs create an environment for growth

National Engineer's WeekNational Awards Event

New Developments Underway in Boynton BeachBoynton Beach is attracting lots of development interest

New Projects Planned in Delray BeachSeveral major development and redevelopment projects are in

the planning stage for Delray Beach.

Recognizing Leaders in EducationPresenting the inaugural Palm Beach County Education Leadership Awards

TO OUR MEMBERS AND PARTNERS:

Upon reading this issue of Palm Beach County Business, you’ll discover why Palm

Beach County is an appealing location for life sciences and financial services firms.

You will learn about new development projects in Boynton Beach and Delray Beach

and understand how Community Redevelopment Agencies are transforming our

neighborhoods and economies.

Additionally, this issue features news regarding relocation and expansion

projects and information about recent accomplishments in the county.

I hope you enjoy this edition of Palm Beach County Business, which is made

possible with the support of the Palm Beach County Board of Commissioners and

significant investment from our private partners, notably CareerSource, NextEra

Energy, Inc. and Florida Crystals.

As we continue to further the diversity of Palm Beach County’s growing

economy, please continue to follow us on Facebook and Twitter. Also watch for our

e-newsletters to stay well-informed on economic development and business news

and events in Palm Beach County.

On behalf of our Board of Directors and staff, we thank you for your support.

Kelly Smallridge

President and CEO

Welcome from the President

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Business Development Board of Palm Beach County, Inc.310 Evernia Street | West Palm Beach, FL 33401561.835.1008 | www.bdb.org

Palm Beach County’sEconomic Development Resource

Published by » Passport Publications & Media Corporation

ON THE COVERImage by Barry Kinsella

With world-class research institutions, a robust healthcare system,academic medical programs, and a pro-business climate, Palm Beach

County is an appealing location for innovative life sciences companies

and organizations.

“We already have 115 life sciences companies in Palm Beach

County, and the pace is picking up,” said Ken Kirby, president and CEO,

Transdermal Delivery Solutions, who moderated a panel discussion at

the Business Development Board’s “Healthcare and Life Sciences”

luncheon on March 26 at the Kravis Center.

The BDB is committed to advancing the healthcare and life science

sectors, according to Gina Melby, CEO, JFK Medical Center, who co-

chairs the BDB’s Life Sciences and Healthcare Industry Cluster Task

Force with John Couris, president and CEO, Jupiter Medical Center.

“Our mission is to grow this cluster by attracting new companies

and retaining our current businesses,” Melby said. “We are promoting

awareness of the wide range of research and clinical assets in our

county, including pharmaceuticals, biotech, medical devices and 14

area hospitals.”

In keeping with that mission, the BDB recently launched a new

website – LifeHelix.org – showcasing Palm Beach

County as a place “where education, research, care and

cure interact.” The site is designed to introduce the

county to interested researchers, educators, investors,

entrepreneurs and executives outside the region and

foster collabor-ation within Palm Beach County.

The BDB recently hosted a site consultant

familiarization tour for the life sciences industry (Life

Sciences FAM Tour). The March 25-27 tour included

visits to companies in the northern region of the county,

presentations from industry leaders and workforce

providers, views of available real estate sites through out

Palm Beach County, and the luncheon, one of the BDB's

quarterly industry focus series.

“This is the first time a concentrated effort has been placed on

showcasing the life sciences industry to site consultants,” said Kelly

Smallridge, BDB president and CEO. “With plenty of available land

and a ready workforce, there is tremendous potential in the area to

create high-paying jobs and provide a significant economic impact.”

At the BDB’s Life Sciences and Healthcare luncheon, Melby

outlined how Palm Beach County is increasing the supply of physicians

by supporting medical education. She noted that Florida Atlantic

University (FAU) and the University of Miami are among the medical

schools with programs in Palm Beach County that involve area

hospitals. “We are making a coordinated effort to train and retain our

physicians here,” she added.

Mattias Haury, Ph.D., chief operating officer, Max Planck Florida

Institute, outlined a new collaborative initiative with Scripps Florida

and FAU to share resources and facilities to develop premier science,

technology, engineering and math (STEM) programs. He said FAU

graduate and undergraduate students will be able to study alongside

some of the world’s leading scientific researchers.

Kirby kicked off the panel discussion by noting that Transdermal

Delivery Solutions has obtained 18 patents and is weeks away from

starting its first clinical trial of its innovative drug delivery system. “We

can take active pharmaceutical ingredients and spray

them on the skin, where they are absorbed by the body,

bypassing the liver and other organs,” he said.

Robert Mino, general manager, Global Pharma

Analytics, explained how his company operates a

10,000-square-foot contract laboratory facility in

Jupiter. “We work with pharmaceutical and medical

device companies, and are always looking for

experienced analytical chemists,” he said.

Fred Sancilio, chairman, president and CEO,

Sancilio & Company, Inc., said his company is a well-

established biopharmaceutical company focused on

advanced lipid technology and complementary

products. “We are building all the necessary systems,

facilities and expertise to allow us to maximize the value of our robust

research pipeline,” he said.

Claudia Zylberberg, president and CEO, Akron Biotech, which focuses

on producing cell cultures and other research materials, stated that her

company is moving to a larger, 10,000-square-foot laboratory and

manufacturing space. “I believe Palm Beach County will see extensive

growth in the life sciences,” Zylberberg said. “We have a bright future here.”

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Advancing the

Gina Melby

Florida is home to world-renowned

biomedical research institutes and

nearly 1,000 biotech, pharmaceutical

and medical device companies. In total,

there are more than 44,000 healthcare

establishments in Florida, according to

Enterprise Florida.

Life Sciences

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Scientists from the Florida campus of The Scripps Research Institute(TSRI) have been awarded $3.3 million by the National Institutes of

Health (NIH) to identify biomarkers to accelerate drug development

for disorders including autism spectrum disorder, epilepsy and some

types of intellectual disability. Gavin Rumbaugh, associate professor,

is the principal investigator of the new five-year project.

“Our long-term goal is to increase the success rate of therapies

translated from animal models to patients,” Rumbaugh said. “By

validating biomarkers in mice and using this information in

combination with pharmacological or genetic treatment strategies, we

hope to create a set of tools and methods that can be used successfully

to develop new therapeutics.”

Another collaborative team involving Scripps Florida researchers

was awarded a $1.5 million NIH grant to develop drug candidates that

could treat cancer and neurodegenerative disease.

Derek Duckett, associate professor of molecular therapeutics, is

the co-principal investigator for the three-year study, along with John

Cleveland of the Moffitt Cancer Center in Tampa. Their teams will look

for compounds that affect a key enzyme involved in the degradation

and ultimate recycling of damaged cellular material.

Max Planck Florida InstituteLaunches New Doctoral Program

Scripps Florida Scientists Receive NIH Grants

The Max Planck Florida Institute for Neuroscience (MPFI) in Jupiter islaunching a new global brain research doctoral program in collaboration

with Florida Atlantic University (FAU), and Germany’s University of

Bonn and the Center for Advanced European Studies and Research.

The new International Max Planck Research School (IMPRS) for

Brain & Behavior, with North American headquarters in South Florida,

will offer its students a world-class, competitive doctoral program

while giving them a unique opportunity to learn, train and work in

other countries.

“With this new doctoral program, neuroscience research in South

Florida will be elevated to a global platform, one that provides the ideal

environment for developing the next generation of scientific leaders,”

said David Fitzpatrick, CEO and Scientific Director at MPFI. “Having

the opportunity to learn from an international team of investigators

at the cutting edge of brain research is a fantastic catalyst for high

impact discoveries.”

With nearly 1,000 biotech, pharmaceutical and medical device

companies and more than 44,000 healthcare establishments already

located in Florida, the strategic placement of IMPRS for Brain and

Behavior is ideal to promote the continued growth of Florida’s life

sciences industry.

Over the next few months, the four international partners will

collaborate to develop a curriculum centered on understanding the

functional organization of neural circuits, and in particular, how the

activity of neural circuits mediates behaviors.

Using state-of-the-art technologies, many pioneered by Max Planck

scientists, doctoral students and researchers will explore multiple

aspects of brain function, including the neural basis of sensory

processing, motor control, and learning and memory. The program will

prepare exceptional students for an exciting career in brain research

while at the same time providing the knowledge base that is critical for

advances in treating neurological and psychiatric disorders.

Florida Atlantic University already has strong ties to MPFI through

an existing Integrative Biology and Neuroscience Ph.D. Program. “Our

intention is to turn our Jupiter campus into the science center everyone

can be extremely proud of, attracting the very brightest people from

around the world so that it becomes a magnet for the best academic

talent and students,” said Dr. John W. Kelly, FAU president.

The International Max Planck Research School for Brain and

Behavior will accept applications for the fall 2016 semester later

this year.

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Adapting to

Asian CulturesWhen doing business in China, Singapore, Japan, Korea or other Asian nations,understanding and respecting the national culture is vital to success.

In the global economy, being sensitive to these differences can make or break

a business deal across the borders, according to John Diep, Asia/Pacific director of

international trade development for Enterprise Florida.

Diep led a special workshop on “China-Asia Cultural and Business Etiquette”

at the Business Development Board’s office on February 17. He emphasized that

if one becomes impatient, shows disrespect or ignores social rituals, one will be

unable to build the long-term personal relationships that are so essential to doing

business in Asia.

“Saving face is very important in Oriental cultures,” Diep said. “If you insult

someone or diminish their standing in the eyes of other people, that person will

never be your friend.”

Diep added that the concepts of harmony, balance and honor are fundamental

to Asian societies, and can form a strong foundation for a successful business

relationship. “Always reciprocate whenever you can,” he said. “Don’t make promises

unless you intend to deliver on them. If you run into a problem, apologize and

explain the situation so that your customer avoids losing face.”

� Be humble. Don’t boast about the excellence of your company

or products.

� Be formal. Don’t address someone on a first-name basis until

after you’ve built a personal relationship.

� Be prepared to negotiate every point of a deal right up until it’s

signed.

� Be on time. If you make someone late, they lose face.

� Be aware of titles. If you send a representative overseas, give that

person an appropriate title, such as manager or director.

� Treat business cards with respect. Carry them in a case, not

your pocket, and present them with both hands. Never write

on the face of card, and ask permission before adding a note to

the back of the card.

� Be prepared for long meetings. Becoming impatient puts you at

a serious disadvantage during negotiations.

� Bring an interpreter or ask the U.S. embassy for assistance

� Speak slowly and clearly, and avoid using slang and idioms.

� Use active listening skills to determine the other person’s reac-

tion to your proposals.

� Remember that “yes” does not always mean, “I agree.” Many

Asians find it hard to say “no” directly, because they don’t want

you to lose face.

� Don’t try to bulldoze your way through an obstacle. Instead,

table the issue temporarily and discuss it again at a later session.

� Don’t be in a hurry to speak. Many Asian people are comfort-

able with silence, and use that in their negotiating sessions.

� Ask open-ended questions so the other party doesn’t have to

answer “yes” or “no.”

� Be prepared to walk away from the deal if necessary.

� Learn a few words in the regional language, such as “hello,”

“please” and “thank you.”

� Arrive at least one day before the meeting so you can adjust to

the time difference.

Summing up his presentation, Diep said, “Sales is still a contact

game. If you want to succeed in Asia, you have to go there. Remember

that business in Asia and China involves building a long-term

relationship, rather than a one-time deal.”

Diep's office is located in the BDB's central offices located at 310

Evernia Street. He can be reached at (561)835-1008.

Here are several other suggestions from Diep on adapting to Asian cultures:

John Diep, Asia/Pacific director of internationaltrade development for Enterprise Florida

With its high quality of life, excellent schools, talented workforceand low-tax business climate, Palm Beach County is attracting

a steady flow of financial services firms from other parts of

the country.

“People in New York are really talking about

Palm Beach County,” said Kenneth Polcari, CNBC

market analyst and contributing editor, who

moderated the Business Development Board’s

January 29 panel discussion, “Catch the Financial

Wave to the Palm Beaches,” at the Kravis Center.

“Today, you don’t have to be on Wall Street to be

successful in financial services.”

Kelly Smallridge, BDB president and CEO, said

Palm Beach County is getting great “buzz” in

the Northeast’s financial center. “Our economic

development has put the county in the national

spotlight.”

Polcari, who is also director of the New York Stock Exchange

Equities Division, said the increasing presence of hedge funds,

private equity funds and family offices is creating new business

opportunities for other types of companies in the region.

The four panelists at the session talked about their decisions to

relocate to Palm Beach County or expand their firms’ operations here.

“I found the BDB to be very helpful in introducing me to

commercial and residential real estate brokers, headmasters of local

schools and other service providers for our firm,” said John Castle,

managing director, Branford Castle, Inc. “I tip my hat to their team.”

Michael Falk, chairman, Comvest Partners, launched his firm

here more than a decade ago after spending 20 years in New York.

“Palm Beach County has been an excellent location

for us,” he said. “As a private equity firm, we buy and

lend money to middle-market businesses. There is a

great pool of talent here in finance, administration,

compliance and other support staff.”

Kirby Rosplock, founder and principal,

Tamarind Partners, has been in Palm Beach County

for 11 years. She recently launched her consultancy

practice, focusing on family offices. “They have

complex strategic issues in terms of investment and

legacy planning.”

A former resident of Chicago, Euclid Walker,

managing partner, Parkway Investment Management LLC. came

to Palm Beach County almost two years ago. “I wanted a better

lifestyle from a family standpoint and a better business

environment for our firm. I travel a lot, and being able to fly from

Palm Beach International is a great experience.”

Castle and the other panelists expect more financial

companies to discover the benefits of being based in Palm Beach

County. “Big-time firms have found success here,” he said. “They

can find great talent and a great lifestyle.”

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Firms

AttractingFinancial Services

From left, Kenneth Polcari, John Castle and Michael Falk

Kenneth Polcari with Kelly Smallridge

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The South Florida Manufacturers Association recently

recognized two Palm Beach County organizations with its

“Recognition of Excellence 2015 Awards”. Sancilio & Co.

(SCI), based in Riviera Beach, is a biopharmaceutical

company focused on advanced lipid technology and

complementary products. Lockheed Martin’s Mission

Systems and Training business in West Palm Beach and

Riviera Beach produces advanced undersea systems.

SFMA HonorsSancilioand Lockheed Martin

IEDC Holds Leadership SummitIn Palm Beach Gardens

The Business Development Board and the School District of Palm Beach

County have added a new alternative to the nationwide Take Our Daughters

and Sons to Work Day celebrated every year across the country. The new

program, called “Take A Student to Work Day” is scheduled for May 26.

The Business Development Board’s Branding and Marketing Education

Task Force created Take a Student to Work Day so high school students could

gain knowledge about top-tier employment opportunities in Palm Beach

County. Kelly Smallridge, BDB president and CEO, said, “It’s important that

students are able to see first-hand that there are many great career

opportunities here. We want our best and brightest students to remain in

Palm Beach County.“

Public and private businesses are encouraged to volunteer to host a

student for a day of job shadowing. The BDB is particularly looking for

businesses in agribusiness, aviation, aerospace, engineering, business and

financial services, distribution and logistics, clean technology, healthcare,

information technology, biotechnology and manufacturing.

For more information, contact Allie Amelio at (561) 835-1008.

Take A Studentto Work on May 26

&EventsNews

The International Economic Development Council (IEDC), a non-profit membership organization

serving economic developers, held its annual Leadership Summit on January 25-27 at the PGA National

Resort & Spa in Palm Beach Gardens. The summit explored the role and responsibility of economic

developers and organizations in channeling new ideas, markets, and products into their “gateways” to

increase local, regional, national and global economic growth in today’s competitive marketplace. The BDB

played a key role as the local conference organizer, providing speakers and organizational support.

On April 9, the U.S. Department of Agriculture (USDA) presented a

Community Development Award to municipal, educational and

economic development organizations for their collaborative efforts in

increase employment and economic development in the Glades

communities.

The Cities of Belle Glade, Pahokee and South Bay, along with the

Business Development Board of Palm Beach County, Lake Okeechobee

Regional Economic Alliance, Palm Beach State College, the School District

of Palm Beach County, and CareerSource Palm Beach County were

selected to receive the honor. This is a national award with one winner for

each of the 47 USDA regions. The Glades coalition received the award for

the Florida/U.S. Virgin Islands region.

USDA SalutesGlades Initiative

Lockheed Martin

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Relocations & Expansions

USPA Properties, Inc., a wholly owned subsidiary of the United

States Polo Association, is relocating its corporate headquarters from

Lexington, Kentucky, to West Palm Beach where it expects to have a 30-

person professional staff.

USPA Properties manages the U.S. Polo Association brand,

partnering with licensees in over 135 countries worldwide to provide

consumers with branded apparel, accessories, luggage, home

furnishings and more.

The company was drawn to the West Palm Beach region due to its

desirability as an international polo destination and its favorable

lifestyle and area demographics that will allow the company to attract

top talent.

“USPA Properties is entering a new era of growth, and we wanted

a corporate presence and location commensurate with our inter-

national status,” said David Cummings, president and CEO of USPA

Properties. “Palm Beach County has a long and rich polo heritage, and

we could find no more ideal place to locate.”

Cummings noted that the Museum of Polo and Hall of Fame in

Lake Worth is located not far from USPA’s new location in Centrepark.

In addition, North America’s most prestigious polo event, the U.S. Open

Polo Championship — now in its 111th year — has been hosted since

2004 at the International Polo Club Palm Beach in Wellington.

Cummings also cited the Palm Beach County and Miami areas as

key U.S. markets for USPA Properties, which operates a for-profit

business that spans the globe from North America, the Caribbean,

Mexico and Central and South America, to Europe, Russia, the Middle

East and more.

In partnership with Palm Beach County, the Business Develop-

ment Board of Palm Beach County (BDB) also facilitated these

companies’ expansion and relocation plans:

Govic Capital and affiliates, a boutique wealth management firm

and hedge fund, has leased office space at 125 Worth Avenue in Palm

Beach where it has plans to hire up to eight employees. Govic Capital

will maintain a small presence in New York and Sarasota but Palm

Beach County is now the company’s headquarters location.

“We chose Palm Beach County because of the infrastructure

and convenient location,” said Mario Govic, founder and president of

Govic Capital.

Olympus Insurance, a provider of residential insurance products,

relocated from Orlando to Palm Beach Gardens, where they will hire

50 employees. “Our company is expanding its footprint and that

expansion means not only are we positioned to provide increased

capacity, additional product options, and better services for more

Floridians and their families, but also contribute to the Florida economy

by providing jobs which help support those same families,” said Jeffrey

B Scott, CEO Olympus Insurance. “It’s a win-win.”

Medytox Solutions, Inc. will expand its corporate headquarters in

West Palm Beach, creating 60 new jobs in addition to retaining 40 jobs.

Medytox is a holding company that owns and operates businesses in

the medical services sector. The company’s principal line of business is

clinical laboratory testing services to physicians, clinics and

rehabilitation facilities in the United States.

“Medytox’s growth was made possible because of the entre-

preneurial spirit of its management team and employees,” said Seamus

Lagan, CEO. “Our ability to expand in our current Palm Beach County

location is an ideal situation that will support future growth. Florida

provides a pro-business climate and the resources we need to continue

our success.”

In cooperation with Enterprise Florida, Palm Beach County, the

City of West Palm Beach and the City of Riviera Beach, the BDB assisted

Lockheed Martin in securing $3.2 million in state, county and city

incentives to retain 401 high-paying existing jobs in the county.

Lockheed Martin received $320,800 from the county, $160,400

each from Riviera Beach and West Palm Beach, and $2.57 million from

the state through the state’s Qualified Defense and Space Contractor

Tax Refund Program (QDSC). The project is expected to have a four-

year economic impact of $356 million.

Lockheed Martin’s Mission Systems and Training business has

facilities in West Palm Beach and Riviera Beach where the company

produces advanced undersea systems, ranging from manned submersibles

to unmanned remotely operated vehicles to autonomous vehicles.

“Lockheed Martin is such a major employer in our county that we

wanted to go out of our way to support their efforts in hopes they will

continue to grow their presence in Palm Beach County,” said Kelly

Smallridge, president and CEO of the BDB. “Due to the nature of the

defense business and the ups and downs of federal defense contracts, it

is very hard to keep those companies competitive and help them bring

down their costs while competing for those projects without some sort

of local support.”

Concurrent Technologies, a leading provider of hosted IT services

including web-based solutions for business intelligence, work process

management and CRM, is expanding its headquarter operations in

Jupiter where it will occupy 4,000 square-feet and will retain

15 employees.

Robert Stevens

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Palm Beach County’s economic development programs work hand-in-hand with our affordable housing and community redevelopment

efforts, all housed under the Department of Economic Sustainability

(DES). With much of the funding originating from federal programs,

business development, housing, and public facility and utility

infrastructure serve as the building blocks for sustainable

communities and create an environment suitable for

economic growth.

A prime example of how those invest-

ments generate economic rebirth is

within the unincorporated area

known as the Westgate Belvedere

Homes Community Redevelop-

ment Area (Westgate CRA). The

Westgate CRA is situated on the

north side of Belvedere Road

across from the Palm Beach In-

ternational Airport and is bor-

dered by Florida Mango Road

to the east, Okeechobee Boule-

vard to the North, and Military

Trail to the west. It was created by

the Board of County Commission-

ers in May of 1989 to encourage re-

development of this central-county

community, which had long-suffered

from blight and a lack of basic infrastructure

and investment.

Over the past 25 years, Palm Beach County has

financially supported projects to install water and sewer lines, paved

roads, curbs, gutters and sidewalks on Westgate Avenue, storm-water

drainage, dry retention ponds, canal widening improvements, and

neighborhood parks, including more than $9 million in federal funds

just in the past five years. In May of last year, the Westgate CRA

dedicated the Dennis P. Koehler Preserve, a large retention pond with

surrounding culverts and inlets to filter the storm-water before it

discharges into the C-51 canal, which includes a surrounding bird

sanctuary and natural eco-art elements.

State disaster recovery funds administered through DES have

made it possible to redevelop housing that had suffered damage

beyond repair from hurricanes, and additional federal

dollars were invested both in rehabilitating vacant

and foreclosed residential properties, and in

partnership with private industry to

develop Westgate Plaza Apartments, a

new 80-unit, energy-efficient rental

apartment community exclusively

for seniors.

The Westgate CRA and its

agency board have implemented

programs to encourage com-

mercial development including

reimbursements to businesses

for a portion of their site devel-

opment costs, and other incen-

tives to attract projects that meet

the goals of the CRA’s 2005

Amended Redevelopment Plan. Fur-

ther, the CRA is partnering with private

banks to offer grants in combination with

low-interest loans to homeowners for im-

provements projects.

These investments are transforming the Westgate

CRA’s commercial corridors and neighborhoods, which make the

community more desirable for business development and the quality

of life better for its residents.

For more information about the county’s business assistance

programs, contact Sherry at DES, (561) 233-3653.

Community Redevelopment Agencies –

TransformingNeighborhoods,Economies

By Sherry Howard, Deputy DirectorPalm Beach County

Department of Economic Sustainability

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National Engineer’sWeek

The Business

Development Board

hosted the 2015

National Engineer's

Week Honors and

Awards Banquet on

February 2 at the Palm

Beach Convention

Center. Here are several

photos from the event.

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One of eastern Boynton Beach‘s many assets is the newly renovatedfull-service Boynton Harbor Marina, which offers convenient access

to offshore diving and fishing. “New residential development along

the Intracoastal Waterway is creating a lifestyle that is hard to beat,”

said Vivian Brooks, executive director, Boynton Beach Community

Redevelopment Agency. “With one

of the best beaches in the US within

walking distance, east Boynton Beach is

attracting lots of development interest.”

One example is the recently

approved and permitted 500 Ocean

project located at Ocean Avenue and

Federal Highway in downtown Boynton

Beach. This is a mixed-use development

that includes 341 residential units, 6,600

square feet of office space and 13,300

square feet of retail space. The 4.8-acre

project features a public plaza at Federal and Ocean with a soaring

modern public art sculpture.

Brooks explained that the Boynton Beach Community Redevelop-

ment Agency partnered with the developer to provide financial

incentives to create the much needed office space and enable the

project to “go green” in accordance with the City’s Climate Action Plan.

Building the project to the National Green Building Standard will help

preserve the city’s water supply and result in energy usage savings of 30

percent. The project is expected to break

ground in April.

Just to the north of 500 Ocean project

in the Heart of Boynton neighborhood, the

Boos Development Group has completed

the land use, rezoning and permitting for

an 8,100-square-foot Family Dollar store

on Martin Luther King, Jr. Boulevard.

“This is the first new commercial

development in this neighborhood in over

40 years,” said Brooks. “ The store will serve

the community’s needs for brand name,

affordable food and goods.” The Boynton Beach CRA partnered with

the developer to help offset the land cost by selling the CRA land at

below market value.

Boynton BeachNew Developments Underway in

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Several major development and redevelopment projects are in the planning stage forDelray Beach, according to Elizabeth C. Burrows, economic development manager for

the city and the Delray Beach Community Redevelopment Agency.

� The Metropolitan is a proposed mixed-use five-story project with 48 condominium

units on upper floors, a retail/office/fitness center, and a parking garage on the first

and second stories.

� Fourth & Fifth Delray is planning to redevelop the former public library and

Chamber of Commerce office building to construct a 529-seat iPic movie theater,

along with 42,660 square feet of Class A office space, ground-floor retail, and a five-

story 279-space parking garage.

� The Fran Building is a redevelopment project on Atlantic Avenue that involves the

construction of a one-story 4,332 SF building with two retail bays.

� Uptown Atlantic, is a proposed mixed-use redevelopment project including 89

dwelling units, 26,345 square feet of office space, a restaurant and retail space, and

other amenities.

� Samar Mixed-Use, is a proposed four-story development with a 121-room hotel, 35

condominium units on the upper levels, and ground-floor retail space.

The Delray Beach Planning & Zoning Department is reviewing these and other

projects throughout the city.

Delray Beach

Marcus & Millichap, a leading commercial real estate investmentservices firm, recently announced the $19.5 million sale of The

George Buildings, two adjacent corner retail buildings in downtown

Delray Beach.

Howard Bregman, senior associate in Marcus & Millichap’s Fort

Lauderdale office, represented the seller, a South Florida family

corporation, and the buyer, a developer from Palm Beach. It is the first

time the properties have traded hands in more than 100 years.

“Tenant demand and development continue to rise in Delray

Beach and the revitalization and redevelopment of the Delray Beach

Art District has helped transform the area into a major tourist

attraction,” Bregman said.

The 19,855-square-foot property is located at 326 East Atlantic

Avenue and 400 East Atlantic Avenue and occupies the two most-

recognizable corners of downtown Delray Beach. “The offering

attracted a great deal of interest from local, regional, national and

international retail property investors,” said Bregman. “The buyer was

chosen as the best custodian for the assets and to carry the George

family legacy into the future.”

The George Buildings Sold for $19.5 Million

Robert Stevens

4th & 5th Delray, iPic Entertainment

New Projects Planned in

The George Buildings

14 PBCB

From left, Clarence Anthony, Michele Jacobs, Dari Bowman, Mike Burke, Kendra Palumbo and Thomas Bean

On March 5, the Education Foundation of Palm Beach County and theBusiness Development Board of Palm Beach County joined forces to

present the inaugural Palm Beach County

Education Leadership Awards. “A strong

educational system is critical to economic

development, and this is the latest step in our

initiatives to recognize the excellent quality and

breadth of education in Palm Beach County,”

said Kelly Smallridge, BDB president and CEO.

Dwight E. Stephenson, NFL Hall-of-Famer

and CEO/President of D. Stephenson Construc-

tion, delivered the keynote address. WPBF News

25 anchor Tiffany Kenney acted as host for the

awards ceremony at the Kravis Center.

“We are extremely excited to partner with

the BDB for this important event,” said Max

Macon, chairman of the foundation. “It is an

opportunity to honor leaders, supporters

and distinguished alumni of our Palm Beach

County schools.”

Distinguished Alumni Awards, honoring

Palm Beach County graduates for contributions to their communities

and professions, were presented to Clarence Anthony, executive

director, National League of Cities; Michele Jacobs, corporate director

of marketing and operations at The Forbes Company; and charitable

activist Dari Bowman.

“Education is a great equalizer,” said Anthony, a

graduate of Glades High School and Palm Beach State

College. “I found my calling in government, serving as

a voice for people who otherwise would not be heard.”

The Volunteer Leadership Award was presented

to Eagles Landing Middle School volunteer and

PTSA president Kendra Palumbo, while the

Partners in Education Excellence Award, went to

Florida Power & Light Company and was accepted

by Thomas Bean.

The Superintendent’s Outstanding Leadership

Award, was given to Mike Burke, Palm Beach

County School District Chief Operating Officer and

Chief Financial Officer. “This award reflects

our great team of professionals in our district,”

Burke said.

The Education Foundation of Palm Beach

County is an independent, self-funded organization

that fulfills unmet funding gaps of the School

District of Palm Beach County through programs and grants that

link and engage community leaders in the process of supporting

public education.

RecognizingLeaders in Education

Dwight E. Stephenson

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THE HCA PALM BEACH

HOSPITALS are proud to serve the people of Palm Beach County.

We are committed to staying at the forefront of medical excellence and quality patient care.

YOU BELONG HERE: HCA Hospitals of Palm Beach County

5301 S. Congress Ave., Atlantis, 33462

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