MCRA Advances City Center Deal with Brookfield Properties
City of MargateCity · Margate, FL- Disclosed value
- $30 million investment from the MCRA towards Phase 1; Fixed annual payments of $100,000 for each Phase
- From minutes
- Document date
- Dec 9, 2025
The 30-second brief
The Margate Community Redevelopment Agency Board approved proceeding with finalizing a Development Agreement and Ground Lease with Brookfield Properties, involving up to 950 residential units, minimum 65,000SF retail, and $30 million city investment for Phase 1. The ground lease will provide fixed annual payments and potential participation rent over a 99-year term.
Brookfield Properties holds this contract with City of Margate. Its other public contracts on record include work for City of New Westminster and Olmsted County.
Term as filed: Development Agreement: 15-year term with three 5-year extensions; Ground Lease: 99 years.
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Contract details
- Amount
- $30 million investment from the MCRA towards Phase 1; Fixed annual payments of $100,000 for each Phase
- Document date
- December 9, 2025
- Term
- Development Agreement: 15-year term with three 5-year extensions; Ground Lease: 99 years
- Vendor
- Brookfield Properties
- Agency
- City of Margate
- Source document
- Margate Community Redevelopment Agency Board Minutes December 2025 (Minutes)
Brookfield Properties's other public contracts
More City of Margate contracts
Questions about this contract
Who was awarded the government contract by City of Margate?
Brookfield Properties was awarded this government contract by City of Margate, as recorded on December 9, 2025. The contract value is $30 million investment from the MCRA towards Phase 1; Fixed annual payments of $100,000 for each Phase.
How much is the Brookfield Properties contract with City of Margate worth?
The Brookfield Properties contract with City of Margate is valued at $30 million investment from the MCRA towards Phase 1; Fixed annual payments of $100,000 for each Phase.
What type of contract is this?
This is a government contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Margate Community Redevelopment Agency Board Minutes December 2025 (Minutes), dated December 9, 2025 from City of Margate. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Brookfield Properties hold?
Brookfield Properties may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Margate currently buying?
Explore City of Margate's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.