BOCA RATON — The plan to build luxury condominium high-rises near Mizner Park in downtown Boca Raton will need to be tweaked before it can secure city approval, a Boca Raton board said Monday.
Mizner 200 is too massive and doesn’t fit the city’s architectural guidelines, said the city’s Community Redevelopment Agency, made up of city council members, in a marathon discussion that lasted more than six hours. Several residents and stakeholders spoke during the meeting to praise the idea or suggest changes.
Developer Elad National Properties offered to work with city staff to fine-tune the project, which includes three buildings with 384 luxury condominiums at an 8.7-acre property between Royal Palm Plaza and Boca Raton Golf Club.
“We are not going to start everything again. For sure,” Elad CEO Amnon Safron said of once again seeking approval from several city boards. The project has been in the works for more than a year.
Estimated to be worth about $1,000 per square foot, the condominium complex will be worth about $1 billion, said Robert Sweetapple, attorney for Elad National.
The city board suggested scaling the size back, opening the space between the three buildings and emphasizing 3 acres of open space with small parks.
“It’s a big site,” said Councilman Jeremy Rogers. “I think we want to get it right.”
The project requires demolishing Mizner on the Green, a series of three-story town home buildings. The proposed project is nearly triple in height.
“When you walk by Mizner on the Green … you see the sky. That’s what we’re giving up,” Councilwoman Andrea O’Rourke said.
The board gave Elad National Properties two weeks to tweak the project and submit it to city staff before it can be placed before the board again at an Aug. 21 meeting.