Forest Development strikes deal to buy Riviera Beach land for $4M-plus

Riviera Beach officials want to sell 2.2 acres of publicly owned land to Peter Baytarian’s Forest Development for at least $4.5 million, plus possible contributions to a fund meant to help offset rate hikes from a $400 million water plant.   City officials approved a non-binding term sheet Wednesday to sell 1851 Broadway to Baytarian for between $3.8 million and $7.8 million, depending on how many residential units the developer can build on the site.  The $3.8 million price would be for 300 units, and it goes up to $4.5 million for 335 units, which is the number Forest plans, in […]

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