The Real Deal Miami

Avenir developers want out of workforce housing

Landstar Development proposed paying the city $10M to opt out of a previous agreement assuring 250 workforce housing units
December 05, 2018 05:30PM

Rendering of Avenir and Landstar Development Group’s Rosa Schechter

The developers of the massive Avenir development in Palm Beach Gardens want out of workforce housing – and they’re willing to pay for it.

Landstar Development Group is proposing to pay the city of Palm Beach Gardens $10 million to opt out of a previous 2016 agreement that assured the project would include workforce housing, according to the Palm Beach Post.

Under the previous agreement, the developer would dedicate 250 townhouses priced as workforce housing.

The new proposal states that the city would use $5 million for a comprehensive workforce housing program and $5 million for improvements at the Burns Road Recreation Center. It goes before the city council later this week.

Construction is already underway at the 4,763-acre site of the mixed-use development. Avenir was designed to include 1.8 million square feet of office space, 400,000 square feet of commercial space, 200,000 square feet of medical offices, a 300-room hotel, and a public park.

Avenir also will encompass 3,900 homes, including 960 for people 55 and older. [Palm Beach Post] – Amanda Rabines