Sinatra & Company has proposed a new townhouse development in Riviera Beach, Florida, adding to the city’s growing list of real estate projects. The Buffalo-based developer plans to build 36 townhomes on a 2.42-acre site at 4142 Leo Lane, directly across from the Estate Companies’ planned $60 million apartment complex.
The proposed townhomes would each be about 1,960 square feet and include one-car garages, spread across five two-story buildings. The Riviera Beach City Council is set to vote on the project this Wednesday.
According to Zach Ciciera, senior land planner with Cotleur & Hearing—the firm handling planning for the project—the homes will be market-rate but aimed at residents earning between 80 and 120 percent of the area median income. Based on last year’s HUD guidelines, this range translates to annual incomes between $65,400 and $98,280 for a single person.
Ciciera stated: “The developer hasn’t landed on whether to offer the units for sale or as rentals and asked for flexibility in a December hearing with the city’s Planning and Zoning Board, which unanimously backed the proposal.” He estimated that if sold as condos, prices would range from $400,000 to $550,000; if rented, monthly rates would fall between $2,800 and $3,400.
If approved by city council, Sinatra & Company would have 18 months to begin construction and five years to obtain a certificate of occupancy. The developer will also be required to report efforts to hire local residents and contract with businesses in Riviera Beach.
Nicholas Sinatra’s entity purchased the vacant property for $2.5 million in September 2023. The site is bordered by two plant nurseries and Arbor Parc—a single-family community developed by Lennar and 13th Floor—and sits across from where South Miami-based Estate Companies plans its Soleste on the Trail apartment complex.
Riviera Beach has become increasingly attractive to developers seeking opportunities in South Florida while city officials aim to expand the tax base and create jobs. Other major projects underway or planned include SobelCo’s mixed-use development at 1117 Broadway (1.2 million square feet), Forest Development’s Oculina condos at 3700 Broadway (two towers of 25 stories), and Peter Baytarian’s recently awarded bid for a $325 million mixed-use project at 1851 Broadway that could bring up to 450 apartments.
Additionally, Related Urban secured a $100 million construction loan last September for workforce housing near Marina Village—an eight-story building with 149 units—next door to another planned high-rise by Related Group, BH Group, and Tezral Partners. The city is also reviewing bids from developers for another section of Marina Village.
Riviera Beach has selected Sonnenblick Development for a $481 million redevelopment initiative covering new civic facilities—including city hall and library—a sports complex, and residential components on 72 acres of municipal land.
