The newly found partnership entitled APD-Tezral will be a joint venture between APD Solutions based in Atlanta, and Tezral Partners based in West Palm Beach. Both firms are 100% minority owned. The action returns Tony Brown of Tezral and former RBCRA Executive Director, to play a leading role in the redevelopment of Riviera Beach. “As the other co-manager of this venture, Tezral Partners are pleased to be teamed with APD Solutions and we now have the opportunity to complete the work we started.” Our proposal will complete the redevelopment and provide opportunities for the local community to invest, work as sub-contractors, and secure jobs for local residents from the success of our redevelopment efforts, said Brown.
Proposals for the development were initially submitted by each firm in July 2018. On May 1, 2019 RBCRA staff requested permission from the CRA board to collect a unified proposal from APD and Tezral. On July 22, 2019 APD-Tezral replied with a joint proposal, meeting all requirements. “We are honored to have been selected as a result of a rigorous procurement process. With our local partner, Tezral Partners, we plan to make the Riviera Beach Marina Village a destination of choice that empowers community residents with economic opportunity.”, said Vaughn Irons CEO of APD Solutions.
COMING SOON: MARINA VILLAGE PHASE II
The state-of-the-art site will feature: 130 Room Hotel, 225,000 square feet of retail/restaurant space, up to 320 apartment units, 1,600 parking spaces, as well as various attractions and entertainment activities that will take place in Bicentennial Park.
Employment: Provide over 1300 local jobs
Wealth: Create multi-generational wealth through equity ownership by local minority investors
Commerce: Over 56,000 sq. ft of retail space dedicated to supporting entrepreneurship and growing local businesses
Work & play: 320 units of workforce housing for local residents while developing the most vibrant & active waterfront