Developers of a planned mixed-use project on one of the last pieces of agricultural land in Palm Beach County just moved a step closer toward building the project.
The Palm Beach County Commission on Wednesday approved a multiple land-use amendment for the Johns Glades West property. Schmier & Fuerring Properties, Giles Capital Group and Rosemurgy Properties want to develop the 38-acre property, at 95th Avenue and Glades Road just east of State Road 7 and west of Boca Raton, into a mix of apartments, restaurant and retail space.
According to the county’s approval, the developers, who declined to comment, could potentially build 304 apartments and about 165,000 square feet of commercial and/or retail space in the as yet unnamed development.
But that number is raised to 456 units with a bonus density. All multifamily developers in unincorporated Palm Beach County are required to build workforce housing, and since the developers plan to build 25 percent of the apartments as working housing — more than required — they are entitled to a bonus density of 50 percent. That translates into an additional 152 units.
The multiple land-use amendment was approved with certain conditions, such as an agreement to limit the bulk of potential traffic to off-peak hours, a feat to be accomplished by an emphasis on entertainment and restaurant venues that would attract more traffic at night than during the day.
The next step is a rezoning hearing on May 25. The land is currently zoned for agriculture with a future land-use designation of low-rise residential (three units per acre). The developers are requesting to change the zoning to higher density residential (eight dwelling units per acre) and commercial.
Source: The Real Deal