The proposed four-story building would house seven residential units near the recently completed Wildflower Park and renovated Silver Palm Park. Rendering provided
By Mary Hladky
East Royal Palm Road continues to draw the interest of builders looking for redevelopment opportunities.
Most recently, the city’s largest commercial property owner in the downtown is proposing a four-story residential project on the road near the new Wildflower and Silver Palm parks.
The project by James Batmasian, who along with his wife, Marta, head Investments Limited, would have seven units ranging in size from nearly 2,000 to 2,800 square feet. It would include 17 parking spaces, with 14 for residents whose vehicles would be stacked using a mechanical lift.
The ground floor would contain a lobby, exercise room and pool, according to a project description provided to the city.
Batmasian, who wants to build on two adjacent properties, seeks a zoning change from “residential low” to “residential medium high” to permit greater density at 450 and 468 E. Royal Palm Road. He contends the zoning change aligns with the density of other nearby developments, including the nine-story, 24-unit 327 Royal Palm condominium.
The recently submitted proposal has not yet been reviewed by city boards.
Another Batmasian project, a 144-room extended-stay hotel to be built in Royal Palm Place, was approved by the City Council, sitting as the Community Redevelopment Agency, in August.
A second project seeking city approval is a five-story building that would house four condominiums at 343 E. Royal Palm Road, immediately east of the 327 Royal Palm condos developed by Group P6.
The site of a now demolished duplex is being redeveloped by 343 Royal Palm LLC. Residents of each unit will have access to rooftop space with various amenities. Eight of the 10 parking spaces will use a lift that will stack two cars per unit, with one car parked underground.
Two large projects are now coming out of the ground along East Royal Palm Road.
The three-tower Royal Palm Residences, also by Group P6, will have 48 luxury condos in the nine-story buildings. The project at 475 E. Royal Palm Road is expected to be completed by the end of 2023.
A luxury assisted living facility at 375 E. Royal Palm Road also is on its way to completion five years after it was unanimously approved by the City Council.
The nine-story building will have 193 assisting living units that include studios and one- and two-bedroom residences.
Boca Raton-based Penn-Florida Cos. is developing the facility. Penn-Florida also is behind the Mandarin Oriental hotel and residences now rising on Federal Highway just north of Camino Real.
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