Mixed-use multifamily project proposed for central Palm Beach County

Polo Gardens would be built on land currently used as agricultural and equestrian

Miami /
Oct.October 08, 2020 12:30 PM
An aerial view of the property (Credit: Google Maps)

An aerial view of the property (Credit: Google Maps)

Palm Beach County officials will consider a zoning change request on Friday that would allow a mixed-use project of up to 348 multifamily units and nearly 27,000 square feet of commercial development on land currently used as agricultural and equestrian in the central part of the county.

The application for the proposed development, called Polo Gardens, comes from three LLCs managed by Sheldon Rubin for property at 8450 Lake Worth Road, between Lake Worth and Wellington. The agent for the application is JMorton Planning and Landscape Architecture.

Almost 9 acres of land are currently zoned for “residential, transitional” with proposed future land use of “commercial high with underlying two units per acre.” Almost 17 acres of the land are currently zoned for “planned unit development” with proposed future land use of “medium residential, five units per acre.”

If Rubin’s land is rezoned, it would allow for up to 378 units as opposed to 103 units currently allowed. Under future land use rules, Rubin could theoretically build 423 residential units in the future, according to the application.

Staffers want to cap the number of future units at 284. Staffers also recommend requiring the developers to make a quarter of the units workforce housing, and limit the building heights to three stories, according to the application.

While Rubin seeks only 27,000 square feet of commercial space right now, he is allowed a maximum of 146,000 square feet.

The Palm Beach Planning Commission is scheduled to vote on the application at its Friday meeting.

Approval would move 16.97 acres of land from Pulte Homes’ Fields at Gulf Stream Polo to the proposed Polo Gardens. Rubin would dedicate 18.4 percent of units to workforce housing, according to the proposal.

Rubin acquired the land from various owners, including Pulte, starting in 2014, spending at least $7 million, according to records.

Pulte’s Fields at Gulf Stream Polo, which is under construction, offers townhomes and single-family homes starting at $351,000, with models up to four bathrooms, according to an online listing.

Among other proposed developments in Palm Beach County, a mixed-use project with a 158-bed, 117,000-square-foot adult living facility in Boynton Beach scored a $27 million construction loan in April. And an apartment complex on part of the Boca Dunes Golf & Country Club, developed by The Richman Group, scored a $57.4 million construction loan, also in April.


Related Articles

arrow_forward_ios
Attorney sells oceanfront Delray Beach mansion for $34M
Attorney sells oceanfront Delray Beach mansion for $34M
Attorney sells oceanfront Delray Beach mansion for $34M
Buyer Andrew Korge with renderings of the project (Korge)
Miami River’s western bank poised for growth with $7M dev site purchase
Miami River’s western bank poised for growth with $7M dev site purchase
Washington Nationals owner buys Dadeland apartments for $114M
Washington Nationals owner buys Dadeland apartments for $114M
Washington Nationals owner buys Dadeland apartments for $114M
TA Realty sells Palm Beach Gardens office building for $17M
TA Realty sells Palm Beach Gardens office building for $17M
TA Realty sells Palm Beach Gardens office building for $17M
JB Capital co-principals Jessica Giguere and Ben Karp with the retail center (Atlantic Retail, JB Capital)
JB Capital and partner pay $26M for Fresh Market-anchored Jupiter retail center
JB Capital and partner pay $26M for Fresh Market-anchored Jupiter retail center
Boston Bruins co-owner buys Wellington equestrian estate for $11M
Boston Bruins co-owner buys Wellington equestrian estate for $11M
Boston Bruins co-owner buys Wellington equestrian estate for $11M
Developer completes $70M Grand Station apartments — with A-Rod as an investor
Developer completes $70M Grand Station apartments — with A-Rod as an investor
Developer completes $70M Grand Station apartments — with A-Rod as an investor
From left: Doug Andrews, Chairman, Avanti Residential; Masoud Shojaee, President & Chairman, SHOMA Group; Christian Garner, CEO, Avanti Residential; Sanctuary Apartment Complex at 9400 Northwest 41st Street, Doral, FL (Avanti Residential, ApartmentFinder, SHOMA Group)
Masoud Shojaee’s Shoma sells Doral apartments for $103M
Masoud Shojaee’s Shoma sells Doral apartments for $103M
arrow_forward_ios

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

Loading...