Developers Steve Ross and Jeff Greene passed a main hurdle for their independent assignments in West Palm Seaside.
On Tuesday, the metropolis arranging board greenlit the web site options for Ross’ Similar Companies’ East and West office towers prepared at The Sq. combined-use elaborate and Greene’s pair of apartment properties around Currie Park. The board also OK’d land-use and zoning improvements wanted for Woodfield Progress and Flagler Realty & Development’s proposed 358-device multifamily project in the south conclude of West Palm.
Linked gambles on additional offices
Relevant, now the biggest office landlord in downtown West Palm, needs to include its seventh and 8 towers to its portfolio in the community.
The New York-based mostly company plans the 24-tale East Tower and the 22-tale West Tower on the northeast corner of South Rosemary Avenue and Hibiscus Avenue, changing the existing AMC West Palm Seaside 12 at 545 Hibiscus Avenue, the shut Brio Italian Grille at 550 South Rosemary Avenue and an present garage. Demolition do the job is ongoing at the internet site, a Relevant consultant explained to board associates.
The properties would have over 740,000 square feet of offices and approximately 64,000 sq. feet of retail, blended, as nicely as retail on the initially a few ranges. Developed by Arquitectonica and Kohn Pedersen Fox Associates, the venture would incorporate a 6-story garage changing the one on the web-site now, as effectively as 21,000 sq. feet of open house, together with a paseo amongst the towers and public green area.
Similar accomplished The Square development in 2000, marking the firm’s to start with venture into West Palm. At first known as CityPlace, the 82-acre The Square was rechristened past 12 months next renovations. Similar strategies even more redevelopment of the intricate, including a 364-device 575 Rosemary rental making on the website of the closed Macy’s at 575 South Rosemary Avenue and an 8-tale resort higher than the Cheesecake Factory at 701 South Rosemary Avenue.
Related’s office parlay on West Palm places of work is mostly driven by the influx of money corporations to the town due to the fact late 2020.
Near the web-site of the East and West towers, Linked programs the 25-story 515 Fern business constructing that’s envisioned to be accomplished in 2025.
Greene’s lengthy-planned Currie district project
In 2019, residents and metropolis officials reviewed a Herzog & de Meuron-designed grasp strategy for enhancement of land in the vicinity of Currie Park and north of downtown West Palm. Right after quite a few gave the eyesight a thumbs up, the city in 2021 rezoned the 65-acre Currie Mixed Use District to allow for for taller and denser advancement.
Now, Greene, who amassed roughly 25 acres in the Currie district from 2012 to 2016, options his 1st job there. The developer desires to develop a pair of 30-story apartment buildings with 152 models, put together, at 2175 and 2251 North Flagler Travel. Herzog & de Meuron also developed the towers.
On Tuesday, the organizing board permitted the developer’s 9 variance requests.
The project would be the next a person in the Currie district adhering to the area’s 2021 rezoning. The only concluded development is a 200-device multifamily job, a representative for Greene advised the board.
Greene is utilizing a peak bonus that allows him to establish the 350-foot tall towers, or larger than the permitted 111 toes. In exchange, the developer will lead $6 million towards a prepared extension of Northwood Road from North Dixie Highway to the Currie Park entrance. A part of the road would cross by means of 1 of Greene’s heaps in the Currie district.
Workforce housing approved
Charleston, South Carolina-based Woodfield and West Palm-centered Flagler Realty prepare their multifamily job on 5 town-owned acres in the southernmost conclude of West Palm.
Very last 12 months, Flagler Realty received a town solicitation to obtain and build the website at 8111 South Dixie Freeway. The job would contain 90 workforce-priced flats concentrating on households earning from 60 p.c to 100 percent of the place median income.
West Palm Seashore paid $2.9 million for the vacant web page in 2012, according to information. The offer was designed to reduce a controversial development system for a significant box retail store on the site.
Woodfield and Flagler Realty have the website less than deal for a described $10.5 million.
