The Related Group, a developer led by the Pérez family, has secured $100.3 million in construction financing for the Residences at Marina Village, a workforce housing project in Riviera Beach.
According to official records, the financing package includes $54 million from the Florida Finance Housing Corporation and Bank of New York Mellon, $1.5 million from the Riviera Beach Community Redevelopment Agency (CRA), $4.7 million from Palm Beach County, and $38.6 million from M&T Bank. An additional $1.5 million was provided by RUDG Investor LLC, a Florida entity registered to Jorge Pérez.
The Residences at Marina Village will be located on 2.4 acres at 57 East 12th Street as part of a larger redevelopment initiative for the 90-acre Marina Village site in Riviera Beach. The city approved plans in June for an eight-story building with 149 apartment units designed for households earning between 30 percent and 110 percent of Palm Beach County’s area median income; that figure was $104,000 in 2024.
Related Group is based in Miami and led by Jorge Pérez along with his sons Jon Paul and Nick. For this project, Related is partnering with Tezral Partners—a firm headed by former Riviera Beach CRA director Tony Brown and Ezra Saffold—and Aventura-based BH Group, which frequently collaborates with Related.
These partners are also working together on another development nearby: Gallery at Marina Village. This planned project consists of a 20-story building with 418 residential units on an adjacent site at 1300 Broadway. The plan includes retail space, offices, and a parking garage accommodating over six hundred vehicles.
Riviera Beach’s CRA continues to seek new development proposals for the area after only Related responded to its initial request earlier this year. In July, it issued another call for bids for projects around Marina Village. Robert Sonnenblick of California-based Sonnenblick Development indicated plans to propose an eight-story Margaritaville hotel featuring about one hundred fifty rooms as part of broader redevelopment ideas that include condos, restaurants, another hotel with similar capacity, and a large parking structure.
