The Boynton Beach Community Redevelopment Agency continued its land acquisition efforts in September with the purchase of five parcels — including two in the Boynton Beach Boulevard corridor east of Interstate 95 — for more than $5.1 million.
The City Commission, assembled in its role as the CRA’s governing board, approved the purchases on Sept. 16. According to staff reports, the two parcels purchased around Boynton Beach Boulevard are needed to support future downtown redevelopment. They are:
• 415 NW First Ave. The property, currently a single-family home, carried the highest financial premium for the city; its purchase price of $749,000 was 78% over the appraised value of $420,000…