Riviera Beach picks partner in $481M redevelopment plan

The Riviera Beach City Council unanimously voted to forge a deal with a team led by Sonnenblick Development that will include the construction of a new city hall and library, sports complexes, and residential units on about 72 acres of publicly owned land. The 5 to 0 vote took place during Riviera Beach City Council’s Monday meeting. Should negotiations fail with Pacific Palisades, California-based Sonnenblick, the city would then arrange a deal with its competitor, Peter Bayatarian’s North Palm Beach-based Forest Development. Sonnenblick Development’s partners include Clearwater-based Sports Facilities Companies, Washington, D.C.-based Gragg Cardona Souadi, and West Palm Beach-based RDG […]This article originally appeared on The Real Deal. Click here to read the full story.