Commission Meeting Agenda Item

Agenda Item

Conceptual Presentation for the Bailey Property — Proposal to Develop A 50.4-Acre Planned Unit Development Zoned Parcel into a Multi-Phase Project to Include Seven Condominium Buildings Totaling 483 Units with Community Pool and Recreation Center Amenities, 38,400 Square Feet of Commercial/Professional Offices, a Five-story 200-Room Hotel Site, and 12,000 Square Feet of Restaurant Floor Area under Parcel #1 and a 9.90-Acre Area to be Rezoned into Multifamily Apartments (MF-18) under Parcel #2, Located North of Lake Ella Road and West of Highway 27/441, and Identified by Alternate Keys 1282594, 1282608, 3374916, & 3373911).


Growth Management

Staff recommends advancing the proposal as recommended by the Town Commission.


On October 19, 2015, the Town Commission approved a rezoning from Heavy Commercial to Planned Unit Development for a 49-acre parcel, also known as the Bailey Property, located north of Lake Ella Road and west of Highway 27/441, which resulted in the adoption of a Memorandum of Agreement and Rezoning Ordinance 2015-11.

The Memorandum of Agreement details the land uses as those uses permitted by the Town’s Land Development Regulations consistent with a Planned Unit Development (PUD) and Commercial Zoning (CT, HC, and LC). It also details those uses as stated and depicted on the attached bubble plan with a maximum number of residential units of multi-family apartments and condominiums within the development not to exceed 500 units.

The property is in the process of transferring hands; therefore, the new potential owner would like to present a development concept to the Town Commission to get some feedback. The applicant has prepared a presentation to elaborate about the project. The overall plan for development of this property is a multi-phase project consisting of two parcels.

Parcel #1 is approximately 39.81 acres and will feature:

  • Seven condominium buildings totaling 483 units with community pool and recreation center amenities
  • 38,400 square feet of commercial/professional offices
  • Two restaurants featuring 6,000 square feet each and a
  • Five-story 200-room hotel

Parcel #2 is approximately 9.90 acres and is proposed to be rezoned MF-18 to allow for Multi-Family High Rise Density Apartments.

The applicant will need to amend the Memorandum of Agreement Ordinance 2015-11 to remove the 9.9 acres intended for the multi-family apartments and add a 1.39-acre parcel that fronts Hwy 27/441 which will be incorporated in the overall acreage of Parcel #1.

The following items are included in the packet:

  • Site Plan Conceptual Layout
  • Floor Plan Elevations
  • Architectural Exterior Building Façade Elevations
  • Presentation Notes

Fiscal Impact

To be determined at a later time. If the project proceeds, connection to Water and Sewer will be required and additional ERUs will need to be allocated.

Source of Funding

Not applicable.

Funding Account

Not applicable.