A 127-unit multifamily project with retail, offices and green space is moving forward in Lake Worth Beach
The Lake Worth CRA says:
• Deco Green is the first new development in Lake Worth Beach to offer 3-bedroom units as part of its unit mix. • The development serves as a good rental option for young professionals and families.
The site plan for a mixed-use rental development in Palm Beach County has now been approved. According to Office America Group Founder and CEO Ricardo Hernandez, the development serves as a much-needed rental option for young professionals and families.
Office America Group, a boutique real estate development firm in Miami got approval for Deco Green, a four-building, 125,000 square-foot mixed-use community with 127 residential units, 8,000 square feet of retail and office space, and 20,000 square feet of green space. The property is located at 1715 N. Dixie Highway in Lake Worth Beach.
The Applicant, IBI Group on behalf of OAG Investment 5, LLC C, is requesting approval of the following:
1. Mixed-Use Urban Planned Development to construct a 127-unit multi-family development with +/-7,450 square feet of commercial space.
2. Development of Significant Impact to construct a residential development in excess of 100 units.
3. Major Site Plan for the development of a new multi-family, mixed-use development in excess of 7,500 square feet.
4. Conditional Use Permit to establish a mixed-use master plan greater than 7,500 square feet.
5. Sustainable Bonus Incentive Program for additional density, intensity and height.
6. Transfer of Development Rights Incentive Program for a 10% increase in residential density.
The entire city commission unanimously voted in favor of the project at its first hearing and on a 3/2 vote at its second hearing on Aug. 17, McVoy and Stokes dissenting.
And we thought the last commission was development crazy!
2 comments:
This is a great project for L-Dub. And yo all the naysayers - it's on DIXIE.
Sure beats the hell out of hookers, drug dealers and empty lots full of crap folks have dumped.
Maybe you should get out yourself. If you've seen 17th and Dixie, I don't know how this project could make it worse.
What concerns me, is that you could make a handsome mortgage payment for what you will pay in rent for a three bedroom apt.
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