13th Floor’s proposal to redevelop Delray Beach golf course up for vote

Miami /
Jan.January 27, 2017 12:00 PM

Proxy voting has begun among residents of the 3,742 homes that comprise the Villages of Oriole in Delray Beach. On the ballot? Whether to support a development proposal by Miami-based 13th Floor Investments that would see 524 new homes go up on the shuttered Marina Lakes Golf Course.

Jeff Schultz, president of the Oriole Villages Center Board of Governors, urged residents to vote yes in a letter earlier this month, noting that the planned development, dubbed Avalon Trails, is for less than 50 percent of the site’s allowable density.

Although current zoning allows for up to 1,200 units to be built, Michael Nunziata, president of 13th Floor’s  homebuilding division, told The Real Deal that community members “did not want to see high-intensity or high-density programming.”

“We first met with the governance of the community to understand what they were hoping to see on the site and then let that steer our development program,” he said.

The plan, according to Schultz, began to take shape a year-and-a-half ago, when Peter Vitale Jr., the owner of the course, told community leaders that he intended to sell the property. They worked together to establish stipulations for future development, including lake and landscape buffers and financial remunerations for the inconvenience caused by construction.

As the process moved forward, it became clear that residents of the 55-and-up communities surrounding the course had one more requirement: they wanted neighbors their own age.

“When we started, we were going to do an age-targeted community but not have actual restrictions in place . . . but the community made their message pretty loud and clear to us,” Nunziata said. “They wanted to make sure that whatever was developed on the golf course would . . . be age-restricted.”

Schultz thinks the project represents a “win-win-win” for the seller, the developer and members of the community. 

“The approach that we like to take is certainly one of a more cooperative nature,” Nunziata said.

Voting is scheduled to end on Feb. 7. If residents agree to the plan, it will next head to Palm Beach County for approval, with homebuilding expected to begin in 2019.


Related Articles

arrow_forward_ios
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
Planet Fitness CEO Chris Rondeau with 978 Gardenia Drive in Delray Beach (Getty, Realtor)
Judgment free zone? Planet Fitness CEO sells Delray Beach mansion
Judgment free zone? Planet Fitness CEO sells Delray Beach mansion
arrow_forward_ios

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

Loading...