Owner says preferred site for Boca’s 2nd Tri-Rail station isn’t for sale

Crocker Partners has other plans for the site, part of a larger property in Boca Raton that the firm wants to turn into a mixed-use development

Miami /
Jun.June 30, 2018 10:15 AM

Rendering of planned Tri-Rail station in Boca Raton (Credit: Sun-Sentinel)

The transportation authority that runs the Tri-Rail passenger train service selected a site for its second train station in Boca Raton, but the owner of the site doesn’t want to sell it.

Angelo Bianco, managing partner of Crocker Partners, told the Palm Beach Post the real estate development firm has other plans for the 2.12-acre site and is “not inclined at this time to sell the land.”

The South Florida Regional Transportation Authority (SFRTA), which operates Tri-Rail, didn’t contact Crocker Partners before publicly announcing that it selected the firm’s land at Northwest 19th Street and Military Trail as the best location for Tri-Rail’s second train station in Boca Raton.

SFRTA could acquire the land through eminent domain, a costly legal maneuver that Crocker could contest in court.

Natalie Yesbeck Pustizzi declined to tell the Palm Beach Post whether SFRTA would consider the eminent-domain option.

Crocker Partners is planning a mixed-use development called Midtown Boca Raton which encompasses the site where SFRTA wants to build the city’s second Tri-Rail station.

Crocker Partners is suing the city government, charging that city leaders have illegally delayed the Midtown project, which the firm proposed two years ago. [Palm Beach Post] – Mike Seemuth


Related Articles

arrow_forward_ios
From left: Vladislav “Bobby” Yampolsky and Robert P. Kelly along with an aerial view of 419 East Coconut Palm Road (Getty Images, Google Maps)
Luxury retailer buys waterfront Boca Raton home for $9M
Luxury retailer buys waterfront Boca Raton home for $9M
From left: Belong co-founders Tyler Infelise, Ale Resnik, and Owen Savir (Belong, Getty Images, Google Maps)
Lease roundup: Rentals manager Belong moves HQ to Brickell
Lease roundup: Rentals manager Belong moves HQ to Brickell
Manor Broken Sound at 5400 Broken Sound Boulevard in Boca Raton, with Rockpoint’s Bill Walton, Related Group's Jon Paul Pérez and Jorge Pérez and Lincoln Property Company CEO Tim Byrne (Cushman & Wakefield, Rockpoint, Related Group, Wikipedia, Lincoln Property Group)
Lincoln Property pays $194M for newly built Boca apartments
Lincoln Property pays $194M for newly built Boca apartments
El-Ad National Properties Noam Ziv with Alina condominium
El-Ad nabs $100M construction loan for Alina condos in Boca
El-Ad nabs $100M construction loan for Alina condos in Boca
Tricera Capita's Ben Mandell with rendering of The Press project (Tricera Capital)
Lease roundup: Tricera scores tenants in West Palm, Boca
Lease roundup: Tricera scores tenants in West Palm, Boca
From left: MHCommercial Real Estate Fund II's Jordan Paul, Dung Lam and Neil Merin along with the Yamato Office Center in Boca Raton and the Bridge Point Powerline Road in Pompano Beach (NAI Global, LoopNet, Getty Images)
Lease roundup: FirstService leases in Boca, PlantLab in Pompano Beach
Lease roundup: FirstService leases in Boca, PlantLab in Pompano Beach
Candice and Steven Stark with 1371 Royal Palm Way (Getty, Royal Palm Realty)
Luxury carpet mogul drops $17M for house on Royal Palm golf course in Boca Raton
Luxury carpet mogul drops $17M for house on Royal Palm golf course in Boca Raton
From left: Contrarian Capital's Jon Bauer and Pebb Enterprises' Ian Weiner with Meridian Office Center
Pebb JV buys Boca Raton office complex for $30M
Pebb JV buys Boca Raton office complex for $30M
arrow_forward_ios

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

Loading...