Co-founder RMA | 30 years Economic & Redevelopment Experience| Attracted $1 Billion in Private Sector Investments for City-clients | Real Estate for Gov’t Specialist| Co-author, “Reinventing Your City”
RMA team members were honored to participate in the Grand Opening event for Mayla Pompano, and I was delighted to join leadership from Broward County and the City of Pompano Beach along with the developers, Grover Corlew, for the ribbon cutting ceremony. Mayla Pompano marks a significant milestone in Pompano Beach's redevelopment. Strategically situation between US 1 and the Intracoastal, this luxury residential community is a testament to the visionary leadership of the City and its CRA. This once overlooked area is now thriving thanks to the Grand Opening of the first market rate rental project within the East CRA District boundaries. Mayla Pompano is adjacent to two Grover Corlew owned and managed Class A office complexes, a commercial mixed-use project currently undergoing a $25 million dollar redevelopment, which includes exterior and office renovations and the addition of ground floor retail, restaurants and plaza areas to complement the Mayla Pompano lifestyle-oriented community. Enabled by the East CRA District's strategic use of tax increment financing, Mayla Pompano is poised to not only revitalize the neighborhood but also contribute substantially to the local economy. It is estimated the project will generate tax increment of $944,577 in year one (1) and cumulatively generate $19,022,918 in year twenty (20). #pompanobeach #redevelopment #economicdevelopment #luxuryresidential #newdevelopment
