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Consideration of an unsolicited proposal from Parrish & Associates, LLC to construct 4 attached single-family townhomes on the CRA property located at 300 NW 27th Avenue, Pompano Beach, FL.
(Fiscal Impact: $220,000 Revenue from land sales)
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(Staff Contact: Nguyen Tran)
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Summary Explanation/Background:
CRA staff received two unsolicited proposals for the construction of 4 townhomes on the CRA's 9,018 sq. ft. vacant lot located at 300 NW 27th Avenue (folio 484233041890). The two proposals were received from Frazier Elite Homes and Parrish and Associates. During the Selection/Evaluation Subcommittee's evaluation process, Frazier Elite Homes withdrew the proposal, thereby leaving Parrish and Associates as the recommended proposal to be considered. The Northwest CRA Advisory Committee reviewed the Selection/Evaluation Subcommittee's recommendation on December 1, 2025 and recommended approval with a unanimous vote of 7 - 0.
The development proposal from Parrish & Associates requested that the property be either donated so the savings could be passed on to the home buyers or alternatively, a purchase price in the amount of $220,000 be given for the land. The proposal is to construct two attached single-family homes for a total of 4 residential units. The townhouse type units will comprise of 3 bedrooms, 3 1/2 bathrooms and a single car garage totaling 1,705 sq. ft. under air. The total construction cost is estimated to be $200,00 per sq. ft. totaling $341,000 per unit and the targeted sales price will be $440,000 per unit.
The property was purchased by the CRA from Calvary Financial, Inc. on December 19, 2008 for $95,000. According to the Broward County Property Appraiser's Office, the property has a Market Value of $180,360 for 2025.
This item was considered at the CRA Board Meeting of December 16, 2025 and received a vote of 3-3. This item is before the Board again for reconsideration as there are four (4) qualified homebuyers...
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