City center proposals: Boca Raton City Center, Namdar Group, Related Ross, RocaPoint Partners
By Mary Hladky
Four developers vying to redevelop 30 city-owned acres around City Hall presented their proposals to Boca Raton City Council members on Jan. 27, giving residents attending the meeting in person or online a first detailed look at what is envisioned for the city’s top-priority project.
Two had submitted unsolicited proposals in October for public-private partnerships to remake the area. But council members did not want to be limited to those two and approved a bidding process in November that drew two more submittals.
City officials provided general guidelines, saying they wanted a new City Hall and community center to replace the existing buildings that are old and crumbling, along with mixed-income housing, office, hotel, retail and recreational facilities. They did not give specifics so that developers could be creative.
Boca Raton City Center, a joint venture between Coconut Grove-based Terra and Frisbie Group of Palm Beach, provided a mostly low-height and low-density project with the largest amount of green space. It includes a 10-story apartment building, three-story garden homes and a 150-room hotel.
Namdar Group, of Great Neck, New York, proposed 8,015 multi-family units, far exceeding the amount the other developers proposed. It also differed from its competitors by proposing a 10,000-square-foot synagogue that it would donate to the city and a 50,000-square-foot performing arts center. The proposal includes a 180-room hotel.
Related Ross of West Palm Beach, led by Miami Dolphins owner and Palm Beach resident Stephen Ross, placed its emphasis on office buildings, and plans three totaling 975,000 square feet because its team believes the downtown is in need of them. It also proposed the largest hotel, with 400 rooms. But its 650 residential units are less than what the others want to build.
RocaPoint Partners of Atlanta separated itself from the others by proposing a different development plan. Instead of building the entire project, it would construct the government buildings, including the City Hall and community center. But it would bring in another developer to build the rest, including apartments, condos, hotel and office.
The four developers have agreed to make affordable housing units a part of their projects, although so far only Namdar has included that in its proposal. They all are touting the amount of green space in their projects.
They all also said that they are willing to make changes to their plans if the city requests that.
CBRE, the city’s consultant on the project, said all four developers are well-qualified.
The city stands to gain a huge financial benefit from the project.
Three of the developers, not including RocaPoint, propose a 99-year lease of the city land that is projected to yield the city between $1 billion and $2.4 billion.
The city would also see a big jump in the tax revenue the property will generate once it is redeveloped and added to the tax rolls, although the exact amount is still being calculated.
Density concerns
Council members did not tip their hands on which proposal they preferred, but did express concern about the high density Namdar proposes, with the large number of apartments and two 15-story buildings and one 18-story building.
“What sticks out to me is the density in terms of the number of units,” said Council member Marc Wigder.
“I almost feel like you are trying to build a city within a city,” said Deputy Mayor Yvette Drucker.
Namdar managing partner Ephraim Namdar said the number of units is high because they would be studios and one-bedrooms of no more than 700 square feet.
Drucker and Council member Fran Nachlas chastised Namdar for not meeting with them to outline his proposal.
“It is important to meet with us if you want to do business in Boca,” Drucker said.
Related Ross brought about 20 of its executives to the meeting, including Stephen Ross, who extolled his company as “really best in class” and committed to a rapidly growing Palm Beach County.
“We want to be part of that growth and lead that growth” in Boca Raton, he said.
Several council members praised Related Ross, with Andy Thomson saying it has “a very capable team” and Drucker saying its team has been readily available to speak with council members.
The four companies are proposing a public-private partnership, or P3, with the city in which the developer assumes the cost of constructing public buildings and the city leases the remainder of the land for redevelopment.
Rapid timeline likely
City officials have talked for years about redeveloping the government campus, but the COVID-19 pandemic brought planning to a halt.
The idea was revived when the Brightline train station opened northeast of City Hall in 2022, as they eagerly anticipated that developers would want to redevelop the area around it.
The project gained urgency last summer as word circulated that at least one developer was about to submit an unsolicited offer to remake the area.
That became reality in October when Boca Raton City Center and Related Ross submitted proposals and the City Council then cast a wider net for more.
Council members are moving quickly to get a deal done. They will rank the four developers on Feb. 11 and hope to have an interim agreement with the top-ranked firm on March 18.
Online reaction from public
Public reaction to the project is not yet clear, and it appears as if many city residents are not yet aware of it even though the city features the effort on its website and invites public comment there.
A review of about 25 initial comments showed that three residents strongly favored redevelopment. But many others opposed it, mainly citing concerns about overdevelopment and increased traffic on roadways.
“It will destroy the soul of Boca Raton and forever reduce the quality of life in the surrounding neighborhoods,” said one resident.
“The plans are trying to make it into another Brickell,” said another. “And that is just horrible.”
“Why do we need all this residential shoved down our face?” asked another. “Please reconsider this huge project and scale it down.”
The city planned to hold an open house and public forum to gather more resident input on Feb. 19 at the Studio at Mizner Park.