Tag Archive for: workforce housing

Palm Beach County Approves Commercial Developments In Ag Reserve

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Palm Beach County commissioners recently approved three large-scale commercial projects in the Agricultural Reserve, two of them across the street from each other on Boynton Beach Boulevard at the Acme Dairy Road intersection.

The District, if the county approves a zoning change, could be open in about two years. It will consist of 16 indoor pickleball courts, warehouses and a storage facility with wine lockers. It would be built in the Ag Reserve off Boynton Beach Boulevard and Acme Dairy Road (Rendering Credit: The Channing Corporation)

One of the projects, The District, will feature indoor pickleball courts, a fitness center, a microbrewery with a tap room, warehouses and a storage facility that will have lockers for expensive wines. Construction could begin by the middle of next year. It will be built on 47.2 acres.

To make it happen, county commissioners had to approve a land-use and zoning change, which they voted unanimously on Aug. 24 to do. Two prominent South Florida developers, the Channing Corporation and the Butters Group, will now move forward with their building plans.

Channing said he and his partner, Malcom Butters, worked with the area residents to give them what they wanted.

The plans were developed in consultation with two residents groups, the Coalition of Boynton West Residential Associations and the Boynton Ag Reserve Communities.

On the south side of Boynton Beach Boulevard will be Logan Ranch, a residential community that would include apartments and possibly townhouses. At the meeting, the developer said 314 residences are planned, with most of them apartments with 79 of them set aside as workforce housing.

Developer of the Logan Ranch apartment complex moved buildings farther away from Canyon Trails to gain community support. County commissioners approved the project Thursday. The site is at the southeast corner of Acme Dairy Road and Boynton Beach Boulevard. (Image Credit: Palm Beach County Zoning Division)

Plans call for six four-story buildings and seven two-story buildings. The smaller ones would contain the townhouses.

Also approved Thursday was a land-use change on 8 acres on the west side of State Road 7 near Atlantic Avenue. The builder expects to construct warehouses and office space on the parcel. The project can be no more than 155,000 square feet. The builder said there is a need for light industrial uses to serve the area’s increasing residential population.

 

Source: The Palm Beach Post

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Broward County Suburb To Consider Millions In Incentives Toward Hotel Demolition, Redevelopment

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The city of Plantation could award incentives to a developer to demolish a hotel and replace it with a mixed-use project.

The board of the city’s Community Redevelopment Agency (CRA) will consider the $2.235 million forgivable loan for Wells Real Estate Investment on June 7. The West Palm Beach-based developer would utilize the funds to purchase and demolish the Plantation Inn at 375 N. State Road 7.

According to the application, Wells Real Estate Investment has the 75-room hotel under contract from Plantation-based Plantation Hospitality Group for $12.2 million. It was built on the 31,744-square-foot site in 1970.

According to the city staff report, the site of the Plantation Inn hosted 32 arrests and 121 incident reports to police so far this year – far more than any other hotel in the city.

The proposed loan agreement states that the $2.235 million loan would be forgiven in full, without interest, after the developer purchases the property and completes demolition of the hotel.

The Plantation Inn site would be combined with two neighboring parcels Wells Real Estate Investment already owns to create a mixed-use project. It owns the 31,935-square-foot medical office building at 4100 S. Hospital Drive and the 5,102-square-foot office building at 4050 N.W. Third Court.

According to the application, the $70 million project would consist of 118 residential units inclusive of 15% workforce housing, 36,000 square feet of medical office space, a 124-room Marriott-branded hotel and 350 covered parking spaces.

Janalie Bingham Joseph at Wells Real Estate Investment couldn’t be reached for comment.

The city also has interest in redeveloping the property because it wants to spur more economic activity next to the former Plantation General Hospital, which HCA Healthcare (NYSE: HCA) closed and relocated to Davie. HCA still operates an emergency room in the former hospital building, but it doesn’t use most of the campus. According to the city staff report, HCA is considering plans to build a new free-standing emergency department facility of about 11,000 square feet closer to State Road 7.

 

Source: SFBJ

Former PGA Station Office Campus Could Be Redeveloped

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Developer Daniel Catalfumo wants to demolish two office buildings at the PGA Station business park in Palm Beach Gardens in order to build more apartments.

This would be the second phase of the apartment development at PGA Station. Greenwich, Connecticut-based Richman Group of Cos. broke ground on 396 apartments there in 2022 after buying land from Catalfumo.

PGA Building 9 & 10 LLC, managed by Catalfumo, recently filed plans with the city to amend the development plan for the 37.6-acre business park at 11025 RCA Center Drive. It would remove a 48,000-square-foot office and a 9,000-square-foot office, replacing them with 620 apartments in two buildings plus two parking garages with a combined 975 spaces. The developer would make 10% of those units workforce housing.

Each of the two apartment buildings would be 13 stories tall, one with 328 units and the other with 301 units. Each building would have a rooftop pool deck, a fitness room, a game room, a club room and coworking space. One building would have a half basketball court and the other would have two pickleball courts.

 

Source: SFBJ

Overlooked Downtown West Palm Beach Area Poised For Redevelopment Anointed As The Nora District

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Downtown West Palm Beach’s growth has caught the eye of developers and real estate investors, but one district has been left out of the activity.

Now, this is poised to change. The city, working with NDT Development and Place Projects, wants to implement a set of building regulations aimed at breathing life into the area anointed the Nora District.

A rendering of the Nora District Redevelopment (IMAGE CREDIT: ArquitectonicaGEO)

Stretching between Quadrille and Palm Beach Lakes boulevards and from Dixie Highway to the FEC Railroad tracks, the area is poised to be redeveloped in a manner reminiscent of Miami’s Wynwood Arts District.

Commissioners just took the first step by voting unanimously on to change the comprehensive plan, a blueprint for growth and development, for the Nora District. Next, the state plans to review the tweaks, and if it approves them, the commission is expected to take a final vote on Feb. 7, 2022. In the meantime, the city also is working on zoning and land development rules for the Nora District.

“NDT and Place Projects, which together own 13 acres in Nora, approached the city in 2019 to discuss how to breathe new life into the district,” said Joe Furst, founder and managing principal of Place Projects. “The city had tried before to encourage other development in the area that had not come to fruition,” referring to regulations implemented over a decade ago.

Despite that effort, 39 percent of properties remain vacant, even as roughly 211 residential units and 50,000 square feet of commercial space have been built annually over the past 15 years in the rest of downtown, according to the city.

A rendering of the Nora District Redevelopment (IMAGE CREDIT: ArquitectonicaGEO)

The vision for Nora is to create a multi-section neighborhood, where towers would rise in some places, and existing buildings would be preserved or renovated in others. The northern section, with mostly vacant lots, is expected to see buildings of up to 20-stories at the corner of Palm Beach Lakes Boulevard and the train tracks, scaling down to 15 stories on lots to the east along the boulevard, according to the city. The height that is currently allowed is two stories along Palm Beach Lakes Boulevard and five stories along Dixie Highway.

“NDT and Place Projects, which own most of the vacant lots in the northern Nora area, envision a multifamily project and potentially offices,” Furst said. “The maximum proposed heights would be allowed through the transfer of development rights, including from historic buildings elsewhere in downtown. Transferring development rights means developers also would have to include affordable and workforce housing.”

But the big projects won’t be the first step by NDT and Place Projects. Instead, they would start with infrastructure improvements and repurposing the mostly vacant buildings they own along Railroad Avenue, the future main street in Nora.

Aerial of the Nora District Redevelopment (IMAGE CREDIT: ArquitectonicaGEO)

The mid-section of Nora, roughly between Eighth and 10th streets and home to single-family houses and duplexes, will be preserved. The southern section along Quadrille Boulevard could see buildings up to 10 stories, double the currently allowed height, according to the city.

NDT and Place Projects have put roughly $40 million into property acquisitions and other costs associated with drawing the Nora vision, according to Furst.

“Ultimately, the Nora District could bring in other developers as well,” Furst said.

Based in West Palm Beach, NDT’s other recent ventures include buying a West Palm Beach office tower in July with three other partners for $60.7 million. The firm is led by Ned and Sam Grace, as well as Damien Barr.

Miami-based Place Projects has ventures in Brickell, Wynwood and St. Petersburg, according to its website. It was a development partner in the 545 Wyn office building in Wynwood.

In another part of downtown West Palm Beach, Stephen Ross’ Related Companies has amassed the majority of the office towers in a bet on financial firm influx to the area. Its latest downtown project is the One Flagler office building, dubbed in real estate circles the “hedge fund tower.”

 

Source: The Real Deal