On September 14, 2022, the Mayor and City Commission approved a referral (Exhibit A) to the Public Safety and Neighborhood Quality of Life Committee (PSNQLC), requesting that the Administration provide an update as to the timeline for the Ocean Terrace Redevelopment Project and why there has been no activity on the project to date. On January 11, 2023, March 22, 2023, June 21, 2023,  and March 20, 2024, the Committee heard updates and discussed the status of the project. The Committee moved to keep this item on the agenda to obtain regular progress updates regarding the private development and requested that the Developer be present at the May 22, 2024 meeting.  

Regarding the public project, the contractor, Recreational, Design and Construction, Inc., commenced construction on October 23, 2023. The contractor continues with the removal of concrete sidewalks, curbs and pavement. Installation of the drainage infrastructure system including the drainage wells is on-going. The contractor has commenced the fountain work, new concrete sidewalks, and continues with the street improvements at 73rd Street. The beachwalk is 90% complete, including the lighting, landscaping and irrigation work. The detour for the beachwalk traffic remains in place between 73rd Street & 75th Street and upon completion of the new beachwalk, the temporary beachwalk will be removed. The beachwalk is expected to open to the public in May 2024.

The overall project is approximately 50% complete and substantial completion is anticipated in January 2025. 

The developer is expected to have an update for the private development project later this summer as they continue to work through the predevelopment phase, identifying a suitable brand for the hotel portion of the project, and are working to refine/ finalize the business plan. Once developed, they will launch the sales of the condo portion of the mixed-use project. Start of construction and completion of the permit for the private project is dependent on the pre-sale process.