Residents in the downtown area of Boynton Beach have heard few details of a proposed Ocean One project that would bring apartments to the area and then later a hotel and condos.
On Tuesday night, the developer will present the plans for the first time. Davis Camalier’s development team will go in front of the city’s planning and development advisory board, who will vote on four requests including rezoning the land and a new site plan. Their votes will serve as recommendations to the City Commission, who will vote on the project at a later time.
Phase 1 of the development at the southeast corner of Federal Highway and Boynton Beach Boulevard proposes an eight-story building of 231 apartments and 8,575 square feet of stores. Phase 2 is on the south half of the property and would have a condo building likely taller than eight stories and a hotel. The project would have public green spaces and a seven-story parking garage.
Meanwhile, Camalier is negotiating with the city’s Community Redevelopment Agency over financial incentives to build the project:
- He wants a small piece of land owned by the CRA — appraised in 2015 for about $460,000 — for free.
- He wants about $4.2 million over eight or 10 years in property taxes generated by the first phase of the project and about $3.6 million from phase two. The CRA would keep an estimated $6 million in tax revenues generated by the project, documents show.
CRA officials, who are the city commissioners, have not yet made a final decision on the incentives.
The planning and development board meeting is Tuesday at 6:30 p.m. at City Hall, 100 E. Boynton Beach Blvd.