PBC urges developer to scale back mixed-use plans for downtown West Palm Beach Tri-Rail station

TRD MIAMI /
Jan.January 27, 2012 03:45 PM

Bowing to nearby property owners, Palm Beach County commissioners told developer Michael Masanoff he needs to scale back his plans for a massive mixed-use complex near the Tri-Rail station in downtown West Palm Beach, the Palm Beach Post reported.

Commissioners have continuously pushed the “transit village” plan through over the objections of the community, but stopped short of approving a plan that calls for 775,000 square feet of retail and office space, 120 apartments, 40 condominiums and 400 hotel rooms on a six-acre site along Tamarind Avenue, between Banyan Boulevard and Fern streets. 

The county owns the land and would sell it to Masanoff, the lone developer who responded to a request for proposals in 2010, for $100,000. However, the Post said the commissioners are reviewing that part of the agreement, as a county appraiser estimated the land to be valued at $8.2 million.

Government officials like the plan because it would bring development to underutilized space that’s adjacent to the Tri-Rail station, making it an easily accessible destination. [Palm Beach Post]


Related Articles

arrow_forward_ios
Rendering of the project

Time Equities plans apartments, retail on former office site in West Palm

Howard Lorber and Barry Zubrow with unit 1601 at The Bristol (Credit: Getty Images)

Howard Lorber flips condo at the Bristol to investment banker Barry Zubrow

From left: 3716 Embassy Drive in West Palm Beach and 80 Nottingham Place in Boynton Beach

South Florida properties involved in $85M debt relief scheme head to auction

603 Village Boulevard (Credit: Google Maps)

AmTrust Bank building in West Palm sells for $8M

Broadstone City Center with Alliance Residential’s Bruce Ward and Nuveen CEO Jose Minaya

Nuveen pays $103M for West Palm luxury apartments

One West Palm rendering and Jeff Greene

Construction worker injured at Jeff Greene’s project in West Palm

Al Adelson and the Bristol

High on his own supply: The Bristol developer buys a unit at his condo tower

Jason Hochman, Greg Miller, Scott O'Donnell, Michael Ciadella and 901 Northpoint Parkway 

West Palm office parks sells for $12M in tight market

arrow_forward_ios
Loading...