CRA to re-offer Edmonds Main Suite 102 after Touch a Posh mutual lease termination; notice of intent to lease approved
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Summary
The CRA board approved a notice of intent to lease for Suite 102 in the Edmonds Main Building after the tenant Touch a Posh mutually terminated its lease. Staff outlined terms and a 45-day application period for the 650-square-foot first-floor space and said a $35,171.25 preliminary site-development grant had been approved previously.
The Delray Beach CRA approved a notice of intent to lease the first-floor Suite 102 of the Edmonds Main Building after the tenant, Touch a Posh salon, and the CRA agreed to terminate the lease effective Sept. 30, 2025.
Assistant Director Christine Tibbs told the board the lease originally executed June 1, 2024, included a preliminary site-development funding assistance grant of $35,171.25 to help with interior improvements. Tibbs said Touch a Posh struggled to complete design and construction documents and the parties entered a mutual termination agreement Sept. 22, with the termination effective Sept. 30.
Staff proposed issuing a notice of intent to lease for the approximately 650-square-foot unit with terms similar to other tenants in the building: a four-year lease with two one-year renewal options (potential six-year term), base rent of $18 per square foot and a negotiable build-out period tied to tenant needs. Tibbs said staff intends to publish the notice Oct. 20 and keep the application open for about 45 days to attract qualified small businesses. The tenant-selection committee will include three CRA staff, one city staff member and one community partner; the CRA executive director will sign negotiated agreements previously approved by the board.
The board approved the notice of intent to lease by motion and unanimous vote.