Terra and Frisbie Group presented a scaled back plan for their proposed One Boca megaproject in Boca Raton, slashing the housing and office components in the development.
It marks the latest iteration of the developers’ February plan to redevelop Boca Raton’s city government campus at 201 West Palmetto Park Road. The new proposal calls for 769 apartments, 186 condos, 150,000 square feet of offices and a 180-key hotel, primarily concentrated around the Brightline stop at 101 Northwest 4th Street, according to a presentation at the Oct. 27 Boca Raton City Council Workshop.
The plan also calls for 15.4 acres of parks, recreation and civic areas, including a city hall, community center, community meeting pavilion, playground, basketball court, a tennis club and 10 tennis courts.
It also trims the developers’ requested 99-year ground lease of public land from 31 acres to fewer than 8 acres.
It’s a drastic reduction from Terra and Frisbie’s initial plan that beat out Related Ross, Namdar Group and RocaPoint Partners for the bid. Designed by Kohn Pedersen Fox, it originally called for 1,129 residential units, 250,000 square feet of offices, 156,690 square feet of retail, 3,434 parking spaces and a 150-key hotel.
Since winning the bid for the redevelopment, Terra and Frisbie have been dogged by controversy. Save Boca, an organization created by local activist Jon Pearlman, collected more than 7,000 signatures in a petition opposing the project, and called for a referendum on the redevelopment and amendments to the city’s charter. Local attorney Ned Kimmelman filed suit against Save Boca and Pearlman earlier this month, seeking an injunction against the group’s referendum efforts. Court documents show Kimmelman withdrew his complaint on Oct. 15.
The city council agreed Sept. 9 to delay approval of the project until a voter referendum, which is currently slated for the March ballot.
Coconut Grove-based Terra is led by David Martin, and Palm Beach-based Frisbie is led by Rob Frisbie and Cody Crowell. The developers are also partners on a 1,145-unit multifamily project slated for the 16-acre site of the Palm Beach Kennel Club, which they bought for $20.9 million in June.
