Main city center proposal story: Proposals present four visions for redeveloped city center
Other city center proposals: RocaPoint Partners, Namdar Group, Boca Raton City Center
Related Ross, West Palm Beach, Real estate developer
Related Ross was one of four firms that submitted a proposal to redevelop 30 acres of city-owned land around City Hall. The developer proposes leasing the 30-acre city-owned land for 99 years to develop and construct the project. City will retain ownership of the land and buildings on it when the ground lease expires. Developer states that the ground lease will be at fair market value, net of the cost of improvements to the property. This chart is based on information provided to the city in advance of the City Council’s Jan. 27 meeting and may not include all later changes to the original submission.
Civic space: 75,000 square feet
City Hall and community center: 75,000 square feet, subject to change
Police substation: Undetermined size
Retail, dining, entertainment: 235,000 square feet
Multifamily residential and townhouses: 650 units
Hotel: 400 rooms
Commercial: Three office buildings, 975,000 square feet
Open space: 5.8 acres, including for recreation and tennis courts
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