After a thriving presence in Delray for over two decades and years of construction anticipation, Hatcher Construction & Development, Inc. is on the brink of settling into its new home. It’s been a fulfilling journey for both the CRA and Hatcher Construction, and certainly well worth the wait.
This project is particularly significant as it saw the developer leveraging two CRA Incentive Programs: the Land Value Investment Program and the Development Infrastructure Assistance Program. The CRA owns the lots where this initiative is unfolding, and through its programs, a local business will soon occupy its own dedicated building.
Ivan Cabrera, the CRA Redevelopment Manager, shared, “This initiative provides an opportunity for a local small business owner to partake in the redevelopment effort, establishing a permanent business location within the West Atlantic Corridor. Furthermore, it offers space for other burgeoning local businesses. This development will not only stimulate businesses but also job creation.”
Hatcher Construction, a local enterprise, will utilize 2,000 square feet of the property, with the remaining space allocated for office and retail businesses. Moreover, 25% of the leasable floor area will be offered at a discounted rate over a seven-year span. This additional space will serve as a fertile ground for the Hatcher team to flourish in their new, permanent location.