Massive Delray development to see vote next week

Miami /
Nov.November 06, 2012 11:00 AM

The Delray Beach city commission is set to vote Nov. 13 on what would be the largest development in downtown Delray Beach, the Palm Beach Post reported. The project, currently known as Atlantic Plaza II, would bring a $200 million, 9-acre mixed-use development to Atlantic Avenue west of the Intracoastal Waterway. The plan calls for 442 residences, 80,000-square feet of Class A office space and 80,000 square feet of shops. The developers are vitamin tycoon Carl DeSantis, former Rexall Sundown owner and head of CDS International Holdings, together with the Ohio-based Edwards Companies.

“It’s a great project for the city, and the economic benefits are incredible in terms of the tax dollars going to the Community Redevelopment Agency,” Bill Morris, a consultant for the developers, said.

However, the plan has some locals up in arms, worried that the huge development will disrupt quiet and nearby residences.

“Delray Beach is unique,” Benita Goldstein, owner of the Historic Hartman House Bed and Breakfast on 7th Avenue and head of Palm Trail’s civic committee, said. “We’re trying to hold onto that. We recognize the area needs to be developed, but we want it in mind with who we are. This is one of the largest projects anywhere.” [Palm Beach Post]Christopher Cameron


Related Articles

arrow_forward_ios
Google Street View of the properties at 551 Southeast Eighth Street and 551 Southeast Fifth Avenue in Delray Beach with CDS International Holdings founder Carl DeSantis (Google Maps, CDS Holdings)
Celsius energy drink investor Carl DeSantis pays $25M for Delray Beach offices
Celsius energy drink investor Carl DeSantis pays $25M for Delray Beach offices
NRIA CEO Rey Grabato and U.S. Construction John Farina with 1901 South Ocean Boulevard (LinkedIn)
Developers complete Ocean Delray condo project with estimated $126M sellout
Developers complete Ocean Delray condo project with estimated $126M sellout
From left: Joseph, Toney and Eli Sleiman of Sleiman Enterprises; Graeme (Greg) Keith Jr. and Graeme Keith Sr. of The Keith Corporation (LoopNet, Sleiman Enterprises, The Keith Corporation)
Publix-anchored Delray Square sells for $48M
Publix-anchored Delray Square sells for $48M
Investments Limited’s President James Batmasian & wife Marta Batmasian; Thor Equities Group’s founder & CEO Joseph Sitt (Thor Equities Group, Investments Limited, Google Maps)
James Batmasian doubles down on downtown Delray Beach with $7M purchase
James Batmasian doubles down on downtown Delray Beach with $7M purchase
James and Marta Batmasian, Investment Limited (LoopNet, Investment Limited)
James Batmasian pays $19M for downtown Delray Beach retail, offices
James Batmasian pays $19M for downtown Delray Beach retail, offices
Investment firm snaps up Delray Beach condo complex in $14M bulk purchase
Investment firm snaps up Delray Beach condo complex in $14M bulk purchase
Investment firm snaps up Delray Beach condo complex in $14M bulk purchase
An aerial of Villa Del Ray Golf Course at 5901 Via Delray with 13th Floor Investments’ Arnaud Karsenti and Lennar’s Stuart Miller (Google, 13th Floor, Lennar)
Lennar pays $19M for golf course near Delray Beach approved for resi community
Lennar pays $19M for golf course near Delray Beach approved for resi community
Kobi and Nancy Karp buy Walgreens-leased property in Delray Beach
Kobi and Nancy Karp buy Walgreens-leased property in Delray Beach
Kobi and Nancy Karp buy Walgreens-leased property in Delray Beach
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...