CRA Reconsiders West Palm Point Ground Lease Amendment
City of West Palm BeachCity · West Palm Beach, FL- Disclosed value
- Approximately $6.4 million in lease payments and monthly payments in lieu of taxes to the CRA; temporary annual rent of $1,048,560; $416,667 per month beginning January 1, 2028
- From agenda
- Document date
- Nov 8, 2026
- Renews
- Free account
The 30-second brief
The CRA is reconsidering its approval of a second amendment to West Palm Point, LLC's ground lease for the West Palm Point development. The amendment sets a January 1, 2029, completion deadline and requires approximately $6.4 million in lease and tax-equivalent contributions.
West Palm Point LLC holds this contract with City of West Palm Beach.
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Contract details
- Amount
- Approximately $6.4 million in lease payments and monthly payments in lieu of taxes to the CRA; temporary annual rent of $1,048,560; $416,667 per month beginning January 1, 2028
- Document date
- November 8, 2026
- Term
- Second amendment includes revised construction completion deadline of January 1, 2029; base rent begins September 1, 2027, or upon issuance of the office building Certificate of Occupancy
- Renews
- On record
- Vendor
- West Palm Point LLC
- Agency
- City of West Palm Beach
- Source document
- West Palm Beach Community Redevelopment Agency Agenda November 9, 2026 (Agenda)
West Palm Point LLC's other public contracts
More City of West Palm Beach contracts
Questions about this contract
Who was awarded the government contract by City of West Palm Beach?
West Palm Point LLC was awarded this government contract by City of West Palm Beach, as recorded on November 8, 2026. The contract value is Approximately $6.4 million in lease payments and monthly payments in lieu of taxes to the CRA; temporary annual rent of $1,048,560; $416,667 per month beginning January 1, 2028.
How much is the West Palm Point LLC contract with City of West Palm Beach worth?
The West Palm Point LLC contract with City of West Palm Beach is valued at Approximately $6.4 million in lease payments and monthly payments in lieu of taxes to the CRA; temporary annual rent of $1,048,560; $416,667 per month beginning January 1, 2028.
What type of contract is this?
This is a government contract, documented as a agenda record.
Where was this contract approved?
This contract appears in West Palm Beach Community Redevelopment Agency Agenda November 9, 2026 (Agenda), dated November 8, 2026 from City of West Palm Beach. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does West Palm Point LLC hold?
West Palm Point LLC 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 West Palm Beach currently buying?
Explore City of West Palm Beach's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.