The developer of a large mixed-use project proposed in Boynton Beach cleared an initial governmental hurdle on Tuesday night.
Boynton’s Planning and Development Board gave the go-ahead for the planned 500 Ocean, which would include 341 luxury rental apartments, restaurants, offices and retail space. Altamonte Springs-based LeCesse Development Corp. wants to construct 500 Ocean on 4.7 acres at Ocean Avenue and Federal Highway. The developer must also get approvals from Boynton’s Community Redevelopment Agency and city commissioners.
The 500 Ocean land was once the site of a proposed development called The Arches. In 2003, the $105 million project was proposed with 378 condos and nearly 41,000 square feet of retail space, according to the Palm Beach Post. Two site plan extensions were given in 2006 and 2007, but a third request was denied in 2008.
If approved, 500 Ocean would have a main six-story building with most of the apartments, a separate building with retail and office space and a seven-story parking garage with up to 664 spaces. [Palm Beach Post] — Eric Kalis