Our members often ask how we can remain active in these difficult economic times. After all, large-scale development has ground to a halt throughout the region. Behind the scenes, however, state and local permitting authorities are making it easier for developers to launch future projects. We all share a common nightmare, that standards for building near the ocean or Intracoastal Waterway might be relaxed to make it easier for a developer to overbuild.
The mantra in the building industry now states: “The best position is to be the first son, the second wife, or the third developer.” Nimble developer/investors are now emerging to pick up the pieces of failed or failing projects for pennies on the dollar.
Case in point: The new Walmart development in Boynton Beach will assume a decrepit commercial/entertainment site on South Federal Highway, directly across from the western border of Gulf Stream and only a few hundred yards from the Intracoastal. City taxpayers have invested over $2 million to “stabilize” the site, and future incentives are promised to Wal-Mart, Inc. The Coalition and several civic groups are committed to seeing that the plan recognizes legitimate concerns for the safety and quality of life in surrounding quiet residential neighborhoods.
Another case involves the Sea Horse Club on A1A, just south of Briny Breezes.
Plans for a three-story, 42-unit condominium on a 3.5-acre site went awry when the market collapsed. A respected developer recently purchased the property out of bankruptcy, hoping to substitute a seven-story building on the ocean, and possibly other residences on what had been tennis courts west of A1A. The developer is exploring avenues to stretch the spirit or language of existing codes in order to maximize economic return on his investment.
As with Walmart, a new Sea Horse will emerge on an abandoned site. A responsible development will respect the collective will of barrier island residents to limit building height and unit density.
Let us know how you feel and we will do our best to preserve the essence of our unique coastal community. Please visit our website at www.preservationfla.org for the latest news and how to become involved.
Robert Ganger, President Florida Coalition for Preservation.
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