Delray Beach and Boca Raton Real Estate and Homes for Sale

Watch as Jeff and Dave, the founders of YourDelrayBoca.com, give you their take on the local real estate market:

There is no more dynamic real estate market in the U.S. than Boca-Delray.

From oceanfront mansions and historic homes to picturesque country clubs and subdivisions the market is vibrant, the choices are endless and the neighborhoods varied depending on age range, price and taste. The area features everything from old Florida to the most modern downtown condo’s and townhomes.

You are sure to find exactly what you want in these two world-class cities.

Buying or selling in the Delray-Boca area and need a recommendation? We can help. Learn more here.

1 August, 2022 6 6 Comments

Both Sides Now

August 1, 2022 By Jeff Perlman 6 Comments

What do you see in those clouds?

“Rows and floes of angel hair
And ice cream castles in the air
And feather canyons everywhere
I’ve looked at clouds that way

But now they only block the sun
They rain and snow on everyone
So many things I would have done
But clouds got in my way

I’ve looked at clouds from both sides now
From up and down, and still somehow
It’s cloud illusions I recall

I really don’t know clouds at all.”

Those lyrics from the Joni Mitchell classic were in my head these last few weeks when I spent some time exploring idyllic small towns in Maine. I’m not really sure why, I haven’t heard the song in years but there it was as I found myself in Kennebunkport which is impossibly beautiful, Boothbay Harbor which teems with charm, Bath which bills itself as Maine’s coolest little city (and just may be), Brunswick with the bucolic Bowdoin College and Cape Elizabeth whose beauty defies description.

In a word, Maine is enchanting, and I find myself falling in love with a place all over again and realizing that “place” as a concept means a lot to me.

Of course, people are paramount (with golden retrievers a close second) but place is up there in importance —at least for me.

I’ve been here for a month and that’s enough time to see a few nooks and crannies and to think “hey, this place feels good.” I can see myself spending time here. It’s a good place. And place is important.

I’m coming back to Delray this week and that’s good too. I’ve never done anything like this before —working remotely so far away from home—but post Covid I’m ready to live life and ready to shake it up a little. I’m ready to indulge some dreams.

If not now, when?

After all, I love it when friends pursue their passions.

My childhood friend Joe is a nationally ranked “one wheeler” in his age group and loves the sport. He lights up when he talks about his experiences on trails and hanging with the one wheel community.

Another buddy Ben just came back from a bike trip in Europe—50 miles a day —and while the mere thought of that makes me sore, Ben would and could do 100 miles a day if he could. He’s always been an adventurer.

While I was looking at clouds on Casco Bay my brother from another mother Scott was coaching baseball and recently took his champion Virginia based team to a major tournament in Tallahassee. They didn’t win, but they are still champs and I’m certain Scott is a great coach just like his dad was; they had a passion for baseball and people too. That’s an unbeatable combination.

Me, I like to write and explore places and topics that interest me.

I came to Maine to fulfill a vow I made to myself when I had a serious case of Covid that landed me in the ICU two years ago.

It’s time to start living—time to see the other side of those clouds that Joni sings about.

Those clouds can get in the way or they can be anything you want them to be. Two years ago they rained on me pretty hard leaving me alone with my thoughts, hopes, fears and dreams.

I realize I’m privileged to have this experience and fortunate to work for a company that values quality of life and family.

I spend my days grateful for so many things; the beauty that surrounds me, the love I get to enjoy with my wife, family and friends and the simple pleasure of being able to breathe freely again.

This time of year I relive my Covid experience and remember when I could barely draw a breath. Yes, I’ve looked at clouds from both sides now.

Most of us have by the time we hit a certain age. Because while life is precious and beautiful, there’s just no escaping the tough times. Nobody goes through this life unscathed.

Which brings me back to the concept of place.

Here I enjoy the woods, the rocky coast, the pristine Casco Bay, the architecture and the history. I also enjoy the kindness. People here are very nice even through we’re “from away” and even though I’m driving a Subaru with Florida plates. (P.S. every other car here is a Subaru it’s uncanny).

But as I get ready to return to Delray, my home now for 35 years, I look forward to those Florida sunsets, the magnificent skies and even the cloud bursts that mark our endless summer months. I love Florida and value my now 35 years in the ever changing Sunshine State.

But I do wish more would love her too.

One thing I’ve noticed in Maine is a fierce sense of civic pride.

Mainers love this place, Portlanders really love Portland and in nearby Biddeford they are planning some really special things and they are excited to tell the world.

That’s the vibe everywhere we wandered.

When I visited a store in Kennebunkport the young proprietor told me that many of her friends were returning home to do “cool things.” That’s how it should be, I thought to myself. That’s what you want to hear about a place.

And I thought, you know, we’re kind of tough on Boca and Delray aren’t we?

We complain…a lot.

Too much this and too much that and yes there are serious issues. But…you know what? We live in a magical and cool place. We really do.

Joni was on to something. Maybe we need to look harder to see both sides now.

11 July, 2022 2 2 Comments

New Vistas…

July 11, 2022 By Jeff Perlman 2 Comments

Greetings from Portland, Maine.

Almost exactly two years ago, Covid almost took me out.

Laying in an ICU bed struggling for every breath,

I began to think about my bucket list.

I don’t know if you have a list but I suspect that you do. Most people I know have a wish list for their lives and as you get older you begin to think about a concept called QTR: or quality time remaining. How do you want to spend the time you might have remaining, knowing of course, that nothing is guaranteed?

After all, I never dreamt my life might end as a result of a virus discovered in a Wuhan, China wet market.

So as I lay there wondering if I’d ever go home, I began to think.

What did I want to do with my quality time remaining if I was granted a Covid reprieve?

My list was relatively short and I think fairly modest: an escape place in Maine and another golden retriever.

Oh, there’s many other things I aspire to do in business and life and I’m out there trying, but time in New England away from the Florida heat and humidity and falling for another golden were at the top of my list.

And thanks to my wife Diane, both have happened.

I’m very grateful. Especially for Diane and for Gracie, our beautiful golden and our new townhouse tucked in the woods in the West End of Portland.

So, I urge you, my friends, to find your bliss and go for it, if it all possible.

Because life is fragile and time is finite and self care is important.

This blog consistently extols the importance of community and giving back and that’s something I try to do and enjoy doing.

But in order to give, we have to have gas in our tanks and sometimes we need to replenish.

For me, stepping away for a few weeks is a start. The change of scenery has been good so far.

You see new things, breathe different air and you feel your perspective change.

Of course, I miss my friends and my favorite haunts but I’m going to lobby my friends to visit and missing those favorite places only makes me appreciate them even more.

So I encourage you to think about your QTR and to try to make the best of your days.
Today, more than ever, it’s easy to stay connected to home, work, loved ones etc. But it’s also important to refuel, renew and restore.

I wish you all three and abundant health as well.

25 April, 2022 6 6 Comments

There’s Something Happening Here….

April 25, 2022 By Jeff Perlman 6 Comments

I don’t mean to brag, but just like The Beach Boys sing: I get around.

Mind you, not as much as I used to—my tank is half full these days, but I compensate by reading, surfing the web and listening to podcasts. We live in a wonderful world of content that resides at our fingertips.

If I see a movie or read a book I like, chances are I can find a podcast featuring the writer or a website that includes links to their work so I can go deeper.

Lately, I’ve been reading a lot about Florida real estate, especially South Florida real estate and what’s happening to our market.

If you’ve lived in Florida long enough, you’ve seen the booms and you’ve seen the busts. You’ve marveled at the prices paid for homes and buildings only to see those jaw dropping deals look like bargains a few years later. But this time it feels different. This time it feels like the very nature of our region is changing.

As I write this, our market is red hot. We are seeing prices that defy description. Land in downtown Delray is trading at $6 million an acre. Homes that a few years ago were selling in the high $200s are selling for four times that price today.

It all seems…well… it all seems unreal.

And yet….

A whole lot of value has been built in Delray Beach and Boca Raton.

Yes, there’s traffic.

Yes, there are bad drivers and rude people.

Yes, we tend to complain about those things and a host of other maladies real or imagined.

But…

By just about any measure, this is a great place to live.

As a result, people are willing to pay a premium to live here.

After all, we check a lot of boxes.

Good weather + quality of life+ no income taxes = a robust real estate market.

Add in years of low interest rates, easy credit, and lots of money sloshing into the system and you get inflated values.

Yes, real estate is rising just about everywhere, but something different is happening here.

So, what do I mean?

Ok, a few random thoughts based on “getting around” talking to real estate people, reading articles etc.

Big finance is all in on South Florida. West Palm Beach is reeling in the firms, Goldman Sachs etc. So is Boca. And Palm Beach Gardens. Wall Street, anxious to have a post -Covid hedge against being locked down in NYC, sees our area with all its wealth and proximity to Palm Beach as a very attractive option compared to NY, New Jersey and Connecticut.
West Palm Beach, under the able leadership of Mayor Keith James, is having a “moment.” I’ve always felt West Palm had potential beyond the ups and downs of Clematis Street or the various iterations of Rosemary Square or whatever it’s called this week. For a while, I thought the condos were going to crowd out the ability to land businesses, but there seems to be room left over for economic development and job creation. No less an authority than the Wall Street Journal is singing the praises of West Palm, noting that it has been “discovered” by many Palm Beach types who once never thought of crossing the bridge to own real estate or open businesses.
One of the more exciting developments is the vision taking shape at Palm Beach Atlantic University. I had an opportunity to look at a scale model of the campus vision in the beautiful board room of the university. The plans include a major investment in health care on campus, a lifelong learning residential component and a center that will train future leaders while celebrating free enterprise. If it comes to fruition, it will be a big leap for downtown West Palm Beach.
The University of Florida is also flexing its muscles in Palm Beach County with plans to partner with some of the life science institutes that have sprouted here. I’m a little wary of how this encroachment affects FAU, but the UF brand and political muscle can’t help but make a difference in our region.
Speaking of FAU, I’ve had recent meetings with board members, President Kelly and professors. FAU’s ambitions are impressive. The best is yet to come at FAU. Keep a close eye on their medical school–what they are building there is beyond exciting it’s potentially transformational.
Lynn University (Disclosure: I serve on the board of Trustees) also has a grand vision that I am immensely proud of. Covid was a wild ride for educational institutions, and I’m endlessly impressed by the team at Lynn which consistently pivots to ride the waves of change. That’s good news for Boca and the surrounding area because Lynn radiates a whole lot of positives for our community.
We are also seeing health care take a major leap. The Baptist network—which runs Bethesda and Boca Community—has taken medicine to a new level. I also remain a strong booster of Delray Medical (Disclosure: I spent seven years on the board) and its sister hospitals owned by Tenet.

Health care has become a major economic driver and is essential in a world impacted by pandemic (s). In order for an area to maintain and grow its value, a good health care system is not an option, it’s table stakes.

There’s a lot of money moving into Boca/Delray. Take a drive through Lake Ida or Tropic Isle or La Hacienda (off of North Federal) and you almost can’t believe your eyes. So, here’s what’s happening—no judgment just observation. Older homes are being purchased for big money only to be leveled and replaced by even more expensive homes. In many cases, the new residents are replacing people who have lived here for decades and have decided to cash out and either move out of the area and or downsize. The new residents may only live here a few months a year. They are here to have fun at the beach and on Atlantic Avenue. They may never get involved in the community and they may never vote here. They are here for the amenities (again no judgment, we plan to do this in Maine in years to come so I get it.) Regardless, this changes the flavor of neighborhoods and the community. If I were still a policymaker, I would be keeping a close eye on this dynamic.
The wealthy and seasonal demographic moving to our community is also impacting schools. Enrollment in Delray Beach public schools is plummeting. This is a sea change from an earlier era when the School District had to add portables to keep up.
All these dynamics puts the squeeze on middle class families and those striving to get to the middle class. I often wonder where people who serve as essential workers will live. It is a huge challenge to create attainable housing when land and construction costs are soaring. Usually, the best way to lower costs is to add supply to meet demand. But long and uncertain entitlement processes and an aversion to density makes it hard to add supply—especially in areas near employment centers. Regardless, it will take a huge effort to provide the housing we need to accommodate those currently frozen out of the market. It isn’t fair to put it all on the development community who simply can’t make the numbers work without significant help from government.

Every study I’ve read lately is calling on government to step up with financing tools to bridge the gap but that will require political will, a willingness to take some risks to ensure housing opportunities and some policy innovation that frankly, to date. we haven’t had.

There’s more but that’s enough to chew on for now.

It will take a village to re-imagine our future. It’s coming whether we prepare for it or not, but it will be better if we prep.

Let’s just say that Florida seems to be the new “golden state”—as the bloom fades on “California Dreaming” “Here comes the Sun(shine)” state.

28 March, 2022 10 10 Comments

Here’s To The Game Changers

March 28, 2022 By Jeff Perlman 10 Comments

Akira Back is the newest addition to Pineapple Grove’s Ray Hotel. It’s special.

I’m intrigued by my friends at Menin Development.

I’m not alone.

Led by founder Craig Menin and President Jordana Jarjura, Menin Development is doing some truly extraordinary things in our village by the sea.

I’m interested and curious about all of it.

But I’m especially fascinated with some of their more unique projects.

The Ray Hotel in Pineapple Grove is a next level boutique property with a gorgeous 22,000 square foot rooftop amenity featuring an incredible pool, three cutting edge restaurants and a design aesthetic that has reshaped the look and feel of the block.
The Delray Beach Market is the largest food hall in Florida, a whopping 150,000 square feet featuring 27 chefs and operators.
Lionfish restaurant brings a west coast sensibility to Atlantic Avenue. It just feels very different from what we’ve seen before.

So what’s next?

We went to the soft opening of Menin Development’s latest creation, Akira Back last week. It’s special. Located in The Ray Hotel, Akira Back is the namesake of a Michelin starred chef who was gracious enough to greet his guests last week as the staff served dish after dish of creative cuisine.

The food was in a word: magnificent.

Mr. Back brings a interesting back story to Delray Beach.

Born in Seoul, Korea and raised in Aspen, Colorado, Akira moved to the Rocky Mountain state at the age of 15. He picked up snowboarding as a hobby and eventually turned pro. He was so good, he appeared in a handful of extreme sports movies. During this time, Back began working at a local Japanese restaurant to supplement his income. After seven years on the pro-snowboarding circuit, Back realized that he felt the same thrill in the kitchen as he did on his board, shaping his decision to pursue a full-time culinary career.

Back attended the International Culinary School at The Art Institute based in Colorado, where he established the framework of his technique and amplified his knowledge of Asian cooking, allowing him to incorporate his artistic vision and Korean heritage.

The rest is the stuff of culinary history—award winning restaurants inside the Bellagio in Vegas and locations in Dubai, London, Paris, Singapore, Thailand, Vietnam, South Korea, Riyadh and now Delray Beach.

Sitting inside Akira Back, we couldn’t help but marvel at what’s happening to Delray.

We were at the event with former City Commissioner Jon Levinson and his wife Lori. We moved here in ’87, I think the Levinson’s arrived in 79-80. We’ve seen a lot of change.

And while a generation of civic leaders, planned for, worked toward and hoped for sustainable vibrancy and economic success—it’s still hard to fathom what has happened here.

Delray is a rare story.

It really is and I sometimes feel like we take it for granted.

Now I get that not everyone is thrilled with the changes or change itself, but I like a lot of it. So do others, as witnessed by the year- round crowds, rising property values and now national reputation of Delray.

We told our server— a nice young man, from Salt Lake City—that the street we were sitting on was once anchored by a McCrory’s department store and a Piggly Wiggly. We pointed to Citywalk across the street and told him parts of that project used to be a coin operated car wash. He said that was hard to imagine.

When we cut the ribbon on Pineapple Grove Village 20 years ago, the photos showed that there was nothing to the north of us.

Those of us who were around in the 80s remember Norm Radin (who coined the term Pineapple Grove), Tom Fleming (who led the Mainstreet approach to revitalizing the street) and architect Bob Currie talking about transforming four blocks of Second Avenue from Atlantic to Lake Ida Road. Some thought they were nuts. Nice people, but nutty. After all, at that time the city was struggling to get Atlantic Avenue going.

But you know what? Ya gotta believe (as Mets fans know). First you must see, and then you have to believe, and more importantly you have to act on those beliefs.

This blog is a paradox of sorts because I am a believer and a champion of change. I think it’s inevitable.

Our responsibility is to shape that change, but I don’t believe we can arrest it. At the same time, I cling to some things from the past that I feel are vital to our future. There are projects and buildings and values that define who we are—they identify our civic soul. Lose those things and we lose that soul and once lost….well you know the rest.

So yeah, there’s a paradox and a dance that goes on. Let’s celebrate the good changes but let’s also hold on to the tried, the true and the important pieces of our community’s fabric.

Which is why Craig Menin intrigues me. He’s showing us a new future, he’s shaking it up and making it happen. And I deeply admire that kind of drive.

I think Mr. Menin is a visionary. I know he’s an entrepreneur and I have a soft spot for both.

So, I’m rooting for him.

He sees something here and he’s willing to take big time risks to test that vision.

It’s the visionaries and the risk-taking entrepreneurs who change our world and our cities too.

They create opportunities for others; jobs, a broader tax base, a brand, a vibe and an ethos.

Those are extremely valuable assets for a city.

Mr. Menin has always been complimentary of the civic work that attracted him to Delray.

I really appreciate that about him, because I feel a lot of that work and a lot of those people have been demonized for ushering in an era of change and for failing to get out of the way.

But as the late Madeleine Albright once said, it takes a long time to discover your voice and once you find it you don’t want to give it up. Same with your community. When you find your home, you want to do all you can to make it better and sometimes that means speaking your mind.

That’s why I write these weekly messages. Thank you for reading them.

Personally, I never envisioned quite what Craig Menin and company are doing…but I did envision and hope that the work so many engaged in over the years would attract people like Craig. And Akira Back too.

Beginning in the 80s our city committed to citizen driven visioning.

It worked.

We didn’t have to offer incentives like so many other cities. We didn’t have to build or finance a major project that would “save” us.

We just asked stakeholders to come to the table to dream and we encouraged them to aspire then we got busy getting it done. That sent a message to the entrepreneurs: this is the best place to be. The best place to invest.

It’s not a perfect process.

Some stuff works better than you could have imagined and some stuff fails miserably. But you keep going. You keep working together, you keep promoting, you keep inviting people to participate and you hope that the entrepreneurs show up and take you places you could never imagine.

By the way, those entrepreneurs come in all kinds of styles. Some, like Mr. Menin, invest tens of millions of dollars and do things that make you say “wow”, others like Mark Sauer– who visited our table during the opening—start non-profits to help kids find a future. Some like Jeff and Julia Kadel make it possible for children to play baseball (see the Miracle League) and others like C. Ron Allen and Emmanuel “Dupree” Jackson devote their lives to creating the next generation of game changers.

In Delray, we also had entrepreneurs working at City Hall designing innovative programs and policies. Some of our best civic entrepreneurs wear uniforms and serve as police officers and firefighters figuring out ways to protect and serve us while making it safe for investment.

Thank goodness for all of them.

One might ask, where’s it all going?
Who knows.

I attended a webinar by a futurist last week and he said the 2020s would be the most consequential decade in human history. That’s quite a statement. We are off to an interesting start with a pandemic and war raging in Europe.

Here at home, I hope we remain safe and stay healthy. One thing we can bank on is more change. Let’s shape it, let’s embrace it but let’s not forget the values that created the opportunities we enjoy and remember to do what we can for those who need our help the most.

29 November, 2021 0 Comments

Show A Little Love For SoFla

November 29, 2021 By Jeff Perlman Leave a Comment

Lake Ida Park is a local gem. A great place to walk, play with your dog and enjoy the wildlife.

We recently bought a small escape place in a wooded setting in Portland, Maine.

Having a getaway in Maine became a bucket list item a few years back when Diane and I visited the state to celebrate my 50^th birthday. We fell in love with the southern Maine coast. It’s breathtaking.

After a bout with Covid and the painful loss of a few family members and friends who are gone too soon, Diane and I realized that we need to start doing some things we’ve longed to do —right now. Tomorrow is just not guaranteed. That’s a poignant lesson to learn but it’s also freeing in many ways. It’s time to live a little.

While I have always enjoyed traveling, at this stage of the game, I would much rather get to know a specific place. I want to fall in love again. Portland, you’re it.

When you are getting to know a place it’s natural to want to read all you can about it, so I subscribe to Portland Monthly, DownEast, Maine and Yankee magazines.

I read the Facebook pages, follow the Instagram accounts devoted to Maine and scan the headlines in the Press-Herald. It’s fun to learn the history, read the ads, scan the restaurant reviews and follow the ebbs and flows of a new place.

We dream of spending time in our new digs and having a second home will create healthy pressure to take some time off.

We are beginning to be in touch with our new neighbors and it’s exciting to think of the new places we can explore. Of course, Maine has its Delray/Boca connections too and we look forward to seeing our local neighbors in a new locale.

One thing that I’ve noticed when I read the magazines is the loving prose devoted to all things Maine. The descriptions of nature, towns, local businesses, and local characters are rich in details and brimming with civic pride.

Frankly, I think it contrasts with what I see in our local media which is often full of criticism for Florida and our beloved Delray Beach and Boca Raton.

We see laments about rude people, bad drivers, bad service, traffic and all the rest.

Yes, there’s truth to the kvetches (that’s Yiddish for complaints). I’ve been known to kvetch myself from time to time. Ahem….

But friends, South Florida is paradise—at least in wintertime. The weather is sublime, the breezes are refreshing, the ocean is beautiful and there is so much to do and see.

We have a lot to be proud of—a vibrant downtown, great restaurants, some cool new developments, and a very bright future as people flee the taxes and harsh weather of the northeast.

Yes, the summers are brutal. Yes, our politics are often wacky, and we are home to “Florida man” but have you seen Lake Ida on a crisp morning? How beautiful this place is if we can only slow down enough to look.

Have you walked along the beach on a cool winter morning and wondered about those poor people freezing in places like Pittsburgh and yes— Portland, Maine?

Aren’t you excited to see some new restaurants in Mizner Park, have a drink on the roof of The Ray Hotel and marvel at the cool companies flocking to South Florida?

We have a lot of good stuff going on here.

So, my little side hustle in Maine is not a knock-on life here. It’s just a desire to experience something a little different—with far less humidity.

20 September, 2021 3 3 Comments

Eleven Signs Your City Will Succeed

September 20, 2021 By Jeff Perlman 3 Comments

The city won a second All America City Award in 2001. So much has changed since, with many of the values that made Delray special abandoned.

Five years ago, award winning journalist James Fallows wrote a groundbreaking article in The Atlantic entitled “Eleven Signs a City Will Succeed.”
The article was a summation of James and Deb Fallows’s 54,000-mile journey around America in a single engine plane. The trip became a best-selling book “Our Towns” and a compelling series on HBO. I highly recommend both.

Considering the tumult in Delray Beach, I thought it would be interesting to revisit the article to see how many signs of success we can check off.

Sadly, even if we grade with a curve, we are not scoring too high these days. But sometimes a poor grade will force you to buck up and do better. We’re still a great town. We just have lousy politics and that can be corrected by electing better leaders. Take the test yourself and let me know what you find.

Here’s a list of Fallows’ 11 traits of successful towns:

Divisive national politics seem a distant concern.

Grade: The City Commission in Delray Beach is a non-partisan body. Partisan politics has no place in city government. But the last two election cycles were highly partisan affairs, and I would argue that the results turned on party affiliation and not on ideas about how to make Delray a better place. This is not a healthy development. For the record, my party happens to have a majority of voters in Delray, and I still don’t like partisanship on the city level or anywhere frankly. The divisiveness is endangering our Republic and it has hurt Delray too.

You can pick out the local patriots. A standard question the Fallows would ask when they landed in a town was “Who makes this town go?” The answers varied widely. Sometimes it was a mayor or a city-council member. Sometimes it was a local business leader or influential real-estate developer. Sometimes a university president or a civic activist, an artist, a historian, or a radio personality. So, who makes our town go?

Grade: As noted in a recent blog, I would suggest that the volunteer and donor class in Delray have been told to pack their bags. Example: Old School Square eviction. When you lose the patriots, the people who roll up their sleeves and get it done, you risk shredding the civic fabric.

“Public-private partnerships” are real.

In successful towns, people can point to something specific and say, “this is what a partnership means.”

Grade: In our town, that project was Old School Square. But after 32 years, OSS was treated as a tenant not a partner and shown the door. Other opportunities to partner are being ignored or bitterly rejected. Example: The Set Transformation Plan has languished because the city refuses to engage the residents in the northwest and southwest neighborhoods. This is in stark contrast to the Southwest Plan, which was done with city commissioners and the CRA at the table with the community.

What resulted was a citizen driven plan that the city and CRA helped to fund with millions of dollars in improvements ranging from a gateway feature and a new streetscape on Northwest/Southwest 5^th Avenue to the new Catherine Strong Park and an expansion of the Village Academy.

Today, we don’t see these types of efforts. As noted earlier, the Set Transformation Plan and Congress Avenue plan sit on a shelf gathering dust despite the best efforts of citizens.

People know the civic story. America has a “story,” which everyone understands even if some challenge it. A few states have their guiding stories—California is either the ever-promising or the sadly spoiled frontier, Vermont is known as its own separate Eden.

Successful cities have their stories too. New York is the Big Apple, always resilient and always at the center of the national conversation, Chicago is the Windy City, the capital of the Midwest and a place where bold visions come true.

Grade: Who is sharing and teaching our civic story? The local press corps has been deeply affected by changes to the industry and new methods of delivering and consuming the news and many of our past civic heroes have been sidelined by personalities who don’t want to hear from the old timers. That’s a big mistake. There’s a place for elders in every community and if they are silenced or ignored or in some cases disparaged it’s not healthy. That’s what happening in Delray.

They have a downtown.

Grade: We have a downtown and it’s robust. However, I would argue that we need to diversify beyond food and beverage and add offices, creative spaces and other uses that will sustain us as a regional activities center. Who is having this conversation?

They are near a research university.

Grade: Our proximity to FAU is a plus, so is our closeness to Lynn University and Palm Beach State College. But the question is are we taking advantage of that proximity and are there programs and initiatives that involve the local universities?

They have, and care about, a community college. See above.

They have unusual schools.

Grade: Village Academy and Spady are “unusual” in that the former is a deregulated public school that has the authority to innovate, and the latter offers a Montessori program. Atlantic’s International Baccalaureate Program has always been impressive and important to Delray Beach.

They make themselves open. Trying to attract and include new people.

Grade: Here’s where I see our biggest deficit. There was a time when the entirety of city government was designed around the notion of civic engagement, involvement and education. We had charrettes, visioning conferences, neighborhood dinners, town hall meetings, citizen goal setting sessions, citizen academies, police academies, a robust volunteer effort (1,200 police volunteers at the height of the program) and a Youth Council. We sent neighborhood leaders to school so they could become better leaders, we held training sessions for neighborhood associations, supported a race relations initiative and held regular mayoral roundtables. It worked. And then a lot of it, maybe even most of it, was abandoned (and well before Covid). This has been a crippling development. When your involvement is limited to social media, you don’t get good outcomes.

They have big plans.

Grade: I will argue that no city of any size had bigger aspirations than Delray did. We dared to dream, and we executed as well. Yes, we have a state mandated Comprehensive Plan, but I would argue that it’s not a vision and the process— which included citizens— was not citizen driven. There’s a difference. A big difference. The magic happens when the community is involved.

Another lesson I learned along the way is that the journey needs to be as fun or more so than achieving the destination. Today, there’s little fun and a lot of division.

They have craft breweries

Grade: One final marker, perhaps the most reliable, according to Fallows: A city on the way back will have one or more craft breweries, and probably some small distilleries too, according to Fallows.

“A town that has craft breweries also has a certain kind of entrepreneur, and a critical mass of mainly young (except for me) customers,” Fallows wrote. “You may think I’m joking, but just try to find an exception.”

This one I struggle with. I love craft breweries and I can see where they are important and send a message but I’m not sure they are an essential trait of a thriving city. Anyway, I love Saltwater Brewery and wish we had more.

Conclusion…we have some serious storm clouds to deal with.

And if you think we’re invulnerable because Atlantic Avenue is busy, well there’s no such thing.

7 June, 2021 5 5 Comments

Big Dreams & Big Bets

June 7, 2021 By Jeff Perlman 5 Comments

The Delray Beach Market

The Delray Beach Market is the talk of the town.

As well it should be.

At 150,000 square feet, the market is said to be the largest food hall in Florida.

It’s big, bold and brave.

It also represents a colossal investment in the future of Delray Beach so it’s audacious too. I like the audacious part. We cheer big, bold and brave bets on this blog. Small bets too. We like people who try. It’s the risk takers who leave a legacy.

Basically, the market is a food incubator enabling chef/entrepreneurs to pioneer concepts at what’s probably a reasonable cost of entry.

Downtown Delray Beach has become a foodie haven but with that success, the barrier to entry has gotten very expensive. Rents of $100 a square foot are common, build out costs can be exorbitant and competition is fierce. Atlantic Avenue has become its own ecosystem with eye popping statistics accompanying the buzz. Hand’s Stationers just sold for a whopping $1,100 a foot. That’s an astonishing number especially considering the limitations of what you can and can’t do with a building in the downtown. Let’s just say you’d have to sell an awful lot of number two pencils to make those numbers work.

Meanwhile, the new food hall allows entrepreneurs to get into business for much less than the cost of opening a full-service restaurant. It also enables them to gain exposure to the hordes of people flocking downtown these days without having to consult the Forbes Billionaires List to find investors.

I’m sure the model hopes for the vendor’s to succeed so that they can launch traditional restaurants and allow for other fresh concepts to come into the market.

We went to the grand opening party a few weeks back and couldn’t find anyone who wasn’t floored by the sheer scale of the ambition behind this project. It’s a big bet.

Subsequently, I’ve heard a range of opinions (mostly positive) but a few who are questioning how or whether this $60 million investment will work. Speculating on a business model is above my pay grade. I’ve been involved with can’t miss deals that fizzled and have also been involved with impossible dreams that turned into wild success stories including one multibillion dollar brand (Celsius) that was left for dead on several occasions and now has a market cap of $5 billion plus. Go figure.

Personally, I wouldn’t bet against Craig Menin—the developer behind the market and several other huge bets in Delray Beach including the Ray Hotel and The Linton. There’s a strategy unfolding here and it’s going to be fascinating to watch.

I’ve had the pleasure of spending a little time with Mr. Menin and he’s a fascinating man. A visionary with a lot of courage.

My advice is to never bet against the innovators. Not every bet lands you in the winner’s circle and you have to have the cash to play, but the big winners in business are those who find the courage to roll the dice and think big.

What I’m seeing is a company that believes in distinctive architecture, luxury amenities and the power of food and beverage to drive value and community.

Anyway, we sure have seen a lot in Delray over the years.

Leaving the party that Friday night, I found myself experiencing a bunch of different emotions.

I thought about how much we have changed since I came to Delray in the summer of ’87.

I thought about how when we did the Downtown Master Plan in 2001, we were dreaming big. Those dreams matched or maybe even exceeded the ambitions that were attached to Visions 2000, the landmark charrette process that led to the Decade of Excellence in the 1990s. Yes, my friends, we were swinging for the fences.

Back then, we were trying to get on the map and build something sustainable—something of value.

We can and we do argue over whether what’s happened here has been good or bad. And I can argue and empathize with both sides of the growth/change divide.

But…here’s one thing I think is immutable. Change is a constant. It’s inevitable.

We can and have sought to “shape” the growth with height limits and other tools designed to maintain our scale.

Despite the rhetoric of the last election cycle, we will never be another Fort Lauderdale. We won’t even be another Boynton Beach. Both cities —and Boca too— allow much taller buildings. We will always be a three and four story town.

But I can see why some people lament the congestion and activity and what they see as the loss of the laid back “village by the sea” aesthetic, although I would argue that you can still find quiet places to enjoy.

I can also see why others are cheering what’s happening.

They like the activity.

They appreciation the vibrancy and they benefit from the value being created.

If you own a home in east Delray, your property values—often a family’s largest asset—have appreciated substantially since the days when downtown Delray was rife with vacancies. If we lived adjacent to a dead and decaying downtown, it’s doubtful we would be seeing the real estate prices we are seeing.

I get it, it doesn’t matter unless you’re selling and it stinks if you want to buy in at this high level, but I think increasing values sure beats the alternative.

Choices.

Change.

The march of time….

Cities evolve.

We can and should do our best to shape that change—incentivize behaviors we want to see, restrict those we don’t wish to experience.

But market and societal forces are strong and it might be better to recognize that and adjust accordingly. It makes for a happier village and it also enables us to exert more control.

Change is going to happen. We are going to like some things and not like others.

You can’t shape what you don’t understand. You have a shot if you meet the world where it’s heading.

24 May, 2021 0 Comments

More Than Margaritaville

May 24, 2021 By Jeff Perlman Leave a Comment

Miami and South Florida have been the talk of the tech world in recent months.

While high taxes and a panoply of problems plague tech hubs such as San Francisco, New York and Boston; low tax, great weather South Florida seems to be on every tech titan’s radar.

It’s a great story driven by the media, economic development professionals and Miami’s tech friendly Mayor Francis X. Suarez who is using Twitter to court Silicon Valley CEOS.

Star venture capitalists, billionaire financiers and tech CEOS are coming to the Magic City and the Sunshine State and that’s a good thing. We need to diversify beyond tourism, paving the Ag Reserve and serving as a retirement haven.

But not everyone is on the Miami/South Florida bandwagon and there are some headwinds to overcome as well.

One of the doubters is influential blogger Tyler Cowen.

Cowen is an economist.

He is also a professor at George Mason University, where he holds the Holbert L. Harris chair in the economics department. So he’s got credibility.

But a large part of his influence stems from his blog “Marginal Revolution” which is eagerly followed by a lot of deep thinkers in the business and tech worlds.

Here’s what Professor Cowen had to say recently on his blog about Florida.

“In Miami and Miami Beach I had a wonderful time. But I don’t see the area as a new and budding tech center. Many tech entrepreneurs moved there during earlier phases of the pandemic, but many have since left. Perhaps the region is more of a place to spend tech money than to earn tech money.

The positives for southern Florida are clear: It is a major crossroads with significant connections to Latin America and the Caribbean, it is a fun place to live, Miami Mayor Francis X. Suarez is pro-tech, and there is no state income tax.

Yet that is not enough. Miami does not have a top-tier university, and the city does not have much of what I would call “nerd culture.” The city’s first language is arguably Spanish, but the tech world is mostly English, and its current ties to Asia are more important than possible future connections to Latin America.

Renowned venture capitalist Keith Rabois is in Miami and is a staunch advocate for the city. It would not be surprising if Miami developed a few significant tech companies due to his influence. Miami could also become more of a center for crypto wealth. If you’ve earned a billion dollars through Bitcoin, and live part of the year in Puerto Rico to avoid capital gains taxes, is there anywhere better to hang out and spend your wealth than Miami?

All that said, I do not see Miami as a serious contender to be a major tech center.”

Ouch!

First, the University of Miami may take exception to not being considered a “top-tier” institution. A few other local universities may also be chafed as well. Yes Dr. Cowen is right—we don’t have Stanford but we do have several institutions that are rapidly gaining steam and prestige. FAU has made strides, Lynn University is renowned for being innovative, Nova Southeastern is doing some cool things and so is FIU.

We are getting there—fast.

We have some terrific—although in the case of the Business Development Board of Palm Beach County underfunded—economic development organizations that consistently punch above their weight and some local Eco Dev rock stars such as Boca’s Jessica Del Vecchio. I’m also pleased that Delray finally hired an economic development director—it’s needed and long overdue. Let’s hope the office gets some adequate resources and freedom to innovate.

In addition, Florida has some great CRA’s—if local and state politicians would give them some room to do their thing— which is build great places that attract investment.

But there are headwinds too.

At a recent meeting of economic stakeholders in Palm Beach County, there was good news and challenging news as well.

Here’s a summary of a recent Economic Forum call:

According to Kelly Smallridge, President and CEO of the Business Development Board of PBC:

A Task Force at the BDB asks the question “Are We Ready” with respect to infrastructure – not only physical infrastructure, but also support systems for employees.
The BDB is finding that there are no homes available for mid-level managers or support staff.
There are no openings in private schools.
The Task Force will make a presentation to the County Commissioners in the near future to outline the opportunities and the challenges facing the county.

Development Trends:

Many of the office buildings in West Palm Beach are fully leased. (Can this be true? If so, bravo considering Covid etc.)
Developers are snapping up infill property in the downtown core.
Zoning changes are needed to support quality infill development.
There are difficulties in obtaining building permits— especially in the county. There are quite a number of open positions in this department. Palm Beach Gardens and Boca seem to have zoning down “perfectly” according to the participants on the forum.

From our friends at the Housing Leadership Council:

There is a need to change the zoning for the old one story shopping centers on Congress Avenue and Military Trail and re-zone for multi-story housing.
The Council is trying to get a study done on this concept.
They are also working on a $200 million Housing Bond. The business community needs to come out in favor of this.

So as you can see there are opportunities and challenges.

As for me, for what it’s worth, I’m bullish.

A friend of mine is wired into Silicon Valley’s tech scene and he says the valley’s supremacy is here to stay. I agree.

But he also says that world class venture capitalists are finding their way to South Florida. That’s a great sign for the future.

As for talent– remote work and technology will enable Florida based companies to attract engineers from the region and all over the world. Many of the most gifted founders will end up living here at least for part of the year. My guess is that Boca and Delray will snag their fair share of the next generation’s stars if they put out a welcome mat.

The lifestyle is too good, the value proposition too compelling.

Are we ready?
We need to be because the switched on cities in the region will find the next decade to be a golden age. The places who can solve the problems of housing and schools will win. The places that don’t will be left in the dust.

26 April, 2021 4 4 Comments

Imagining A New World And The Good Stuff We Leave Behind

April 26, 2021 By Jeff Perlman 4 Comments

Remote work has the potential to upend our work lives forever.

Have you noticed how fast the world moves these days?

Big changes can creep up on you, at first you may hardly notice than all it once the ground shifts and an era is gone.

When I was a kid growing up in 1970s Long Island, malls were all the rage. It’s where we hung out week after week. There was a food court, a Herman’s Sporting Goods Store, a Walden Books, a movie theater and a Spencer’s Gifts. That’s pretty much all we needed unless there was an event that required some new duds—then we moseyed over to Chess King where the polyester flowed like Niagara Falls.

The mall, the neighborhood and school were our world.

My friends all lived within a few miles of each other. I really didn’t know too many people who weren’t from the Tri-State area. Most of our parents were born, raised and lived within the confines of the Island, Westchester, New Jersey and the five boroughs. When a kid from Pennsylvania moved into the neighborhood he seemed exotic. When a family from Oregon moved down the block we lined up to take a look—the Pacific Northwest might as well have been Timbuktu.

Today, that’s very different.

Thanks to tech and apps like Tik Tok, our children have friends all over the country and the world. “Friend” of course is a relative term. While my friendships were forged because of proximity and relied on me seeing my buddies every day at school, today young people may never be in the same room with their best friends. They chat, text and play video games with people from all over the world.

It happened slowly and then all it once.

As we begin to see the world post-Covid (we are still very much immersed in the virus and need to be vigilant) what might the world have in store for us?

Lately, I’ve been thinking about the fate of retail and office—two big players in our physical world.

Changes in consumer behavior that seemed relatively marginal and slow-moving undermined the value of retail real estate very quickly in the U.S., especially the once beloved shopping mall. Experts believe the same potential for disruption exists in the office sector, with changes in human behavior being massively accelerated by Covid-19.

I recently read an interview on an influential real estate blog that painted an interesting picture. Here’s what one British expert had to say.

“Offices are not dead; they are very much alive,” RealCorp Capital founder Chris Kanwei said. “But a word of caution I would sound: For most of us, we tend to look at how offices will work in the future from the perspective of our own orientation. An example, if you take UK shopping centers and look back a few years to 2006, shopping centers and retail parks were a huge deal, they were springing up left, right and center. But just on the sidelines there was Amazon. And no one figured out in 2006 where Amazon would be today, and where shopping centers would be. It is just that sort of parallel you have to look at.”

Kanwei said part of the inability of retail real estate to see change coming is because a group of people with very similar backgrounds and experience could not envision a future that might be radically different from their own past.

“There were arguments put up by mostly middle-aged people at the time: You will always love the shopping center experience, you will always want to go there with your family or your friends on the weekend. And it was a great argument, but it was being made by people to other people who saw life the same way, who had the same future aspirations.”

There is the potential for the same thing to happen in the office sector: an expectation that the behavior of future generations will essentially be the same as what has gone before. While the difference might not be as extreme as changes to shopping patterns, they have the possibility nonetheless to drastically alter real estate usage and value.

“We have a generation coming up now who are not seeing life the same way,” Kanwei said. “They are not always as interested in going out and playing with their friends. They making friends online in South America, in Russia, in Africa, playing chess games online and interacting. That is the trend: We see more and more people not wanting to engage with other humans directly. Humans collaborating will never be taken away. But we have to understand that there is a generation coming through that won’t just engage in the same way we did. This same generation will be moving in to the offices of the future, and will look to engage differently, and could see the office structure of today as archaic — why would you want to bring all of these people in to the office? And that might well change the outlook people have on offices, in the same way it has in retail. I’m not calling an apocalypse for the office. But if you are investing for the long term, you have to bear in mind, your office investment may have been worth £200M, but down the line it may be worth £5M, as we have seen with shopping centers.”

Yikes.

Still, that scenario is entirely possible.

My 28-year-old son works for a large publicly traded corporation with offices in Palm Beach County. He got the job during Covid, which means he has never worked in the home office. Instead, he’s working out of his living room and thinking of finding bigger digs because his remote working arrangement may prove permanent. He also realizes that he can live anywhere and dial into the office.

He doesn’t seem bothered at all by the situation. As his boomer dad, I can see his point but wonder if he will miss out on the camaraderie, friendship and esprit de corps of working side by side with co-workers instead of screen by screen.

I happen to like the office.

I’ve worked in newsrooms (which are the best)—chock full of characters working on interesting stories and more “corporate” environments where I was able to make some lasting friendships.

As someone who values collaboration and who always has lots of questions for my colleagues the idea of working remotely forever doesn’t appeal to me.

I like the collision of ideas, the rhythm of the day, the ‘hey what are we doing for lunch’ routine that makes the day fly by.

As Seth Godin says: “The optimism and possibility that come from training and learning in groups is a miracle. It means that, with a little effort, we can level up, become more productive and enjoy the work more tomorrow than we did yesterday.”

So as we gradually emerge from our Covid cocoons, I hope we slow down and make some conscious decisions. Do we really want to give up the office?

After all, while millions enjoy the convenience of Amazon and a “one-click” society, didn’t we lose something by putting all those neighborhood retailers out of business?
Trade-offs.

Convenience versus camaraderie. Price versus personal service. Digital versus experience.

There’s no holding back the future—it will come. That’s the law. But we can and should choose wisely.

Here’s hoping we do.

5 April, 2021 6 6 Comments

Rituals, New Favorites & The Simple Pleasures

April 5, 2021 By Jeff Perlman 6 Comments

Amar is a welcome addition to the Ave.

The older I get the more I value the little rituals.

Sitting in the backyard on a cool night and watching the birds.

Taking a walk with my wife after the evening news.

Losing myself in a podcast (Tim Ferris or Guy Raz) and listening (ever so softly so as not to disturb my colleagues) to Spotify while I work.

After spending six weeks in an ICU/Covid unit flat on my back with a mask glued to my face, I’m finding that it’s the little pleasures that are giving me the greatest joy these days.

So I’d thought I’d share a few and I hope you share some of your favorites with me and others.

–Amar, a new Mediterranean restaurant, is a solid addition to Atlantic Avenue. Delicious Middle Eastern dishes and attentive service. Don’t miss the appetizers and the kebabs.

–I’m finding I get more joy these days from Instagram than Facebook. The golden retriever videos and photos of nature never fail to brighten my mood.

But if you do find yourself on Facebook, don’t miss Gaetlyn Rae, an adorable monkey who bakes, whips up salads and opens packages in the most entertaining way imaginable. For me, a few moments with the monkey is almost as good as a meditation video whenever I need to relax. (P.S. I never thought I would ever write the previous sentence).

Streaming gems—“Imposters” a dark comedy on Netflix, “Allen v. Farrow” a very dark documentary on HBO and “I Care A Lot” a dark drama with great performances. I just realized I have a “dark” theme going so if you can recommend anything light please let me know.

I also recommend “Tina” about the amazing Tina Turner and the “Last Cruise” about the now infamous Diamond Princess cruise ship which experienced a Covid outbreak in the early days of the pandemic. Both are on HBO and well worth your time.

—Hillsboro El Rio Park in Boca just celebrated its first birthday. This park on Southwest 18^th Street was once home to the city’s landfill. It’s now an idyllic escape with walking paths, a playground, pickleball and picnic pavilions. It’s a great place to picnic before the heat sets in.

–We recently peaked our heads out and visited the Living Room Theater at FAU, a pre-pandemic favorite. With only 10 seats available for sale when we went and masks required, we felt safe and saw “Nomadland” on the big screen. Nomadland is a majestic film that was made for the big screen.

Only five seats were occupied on the Friday afternoon we snuck away, but we enjoyed the experience and were reminded about the magic of the movies. Seeing a movie in a theater is an immersive experience. As good as streaming can be, the big screen is still magical.

We really like Wood & Fire restaurant in west Delray. The food is good (the Delray salad is awesome), the service is excellent and the ambience is very appealing. In this era of Covid, we like how the restaurant is open on two sides with ample ventilation and two large outdoor dining areas. Things are really picking up in the western part of our community.

As for books, I’ve got a few recommendations: Delray’s own Steve Leveen has written “America’s Bilingual Century” which I deeply enjoyed. I remember talking to Steve about the merits of bilingualism at a Christmas Party so to see the book come to life is very cool.

“How I Built This” by Guy Raz is a quick read based on the stories covered on his amazing podcast chronicling the journey of some very talented entrepreneurs. If you dream of starting a business, currently run a business or just want some inspiration this is the book for you.

“Who is Michael Ovitz?” is the autobiography of the super-agent who once ran Hollywood. Lots of insider tales of how the entertainment biz works and sometimes doesn’t.

“How to Change Your Mind” by Michael Pollan is the story of how psychedelics affect us. I was turned onto this fascinating read by a childhood friend who sent me an article in Fortune magazine about the growing research into how psychedelics might treat anxiety, depression and PTSD.

“Unreasonable Success” by Richard Koch came to me from the Tim Ferris podcast. It’s a great character study of people throughout history who leave an outsize mark on the world. That book led me to “The Hidden Habits of Genius” by music professor Craig Wright who teaches a very popular Yale course of the same name. I learned that I might be the opposite of a genius—but at least I have self-awareness.

I’d also like to give a plug to the vaccination site at the South County Civic Center where my wife and I recently received our first doses of the Moderna vaccine. The site was so well-run, the vaccinators so kind and the location and parking is very convenient. Get the shot wherever and whenever you can, but if you are lucky enough to score a slot at the Civic Center you’ll be delighted by how well it is run.

Hope you had a great Easter and Passover. Stay safe this spring.