Commission Meeting Agenda Item

On Thursday, November 5, 2020, Town staff received a request from Scott Miller with Gelcorp Inc. to bring forth a proposal consisting of a mixture of residential and commercial components on a 27.76-acre parcel located on the east side of South Highway 27/441, approximately 1.5 miles south of Highway 466 and 850 linear feet north of Hartsock Sawmill Road, identified by Alternate Key 1771421.

The applicant indicates that Gelcorp Industries has been known for developing extraordinary residential communities since the 1980s. After years of success, they have expanded to other states including Florida, where they have invested and developed almost one billion in properties within municipalities like Jupiter Island, Hobe Sound, Delray Beach, Boca Raton, Windermere and Winter Park.

At this time, the applicant would like to get some feedback on the following proposed project:

1.    Development of a Luxury Apartment Complex at market rate with a density of approximately 252 units in seven buildings with a footprint of 13,000 square feet each. They anticipate a mix of 50 percent two bedroom units averaging 900 sq. ft. each; 30 percent one bedroom units averaging 750 square feet; and 20 percent thee bedroom units averaging 1,100 square feet

The applicant understands that the Town just recently adopted building height restrictions where apartment buildings are limited to three stories and 35 feet in height with other applicable setbacks. Additionally, the apartment buildings will adhere to Commercial Design Standards and the complex will be managed by an experienced multi-family property manager.

2.    Development of an 80-unit Luxury Garage Condominium that can serve as storage or personal offices that caters to auto enthusiasts, luxury RV owners, collectors of all types, etc. These units will range in size from 1,000 to 1,500 square feet. with a maximum building height of 24 feet.

The applicant anticipates a maximum building height to be approximately 24 feet with building footprints between 12,000 and 24,000 square feet. As a condominium project, there will be a condo owners association managed by the developer until there is 80 percent sell out and then will be self-managed by the association thereafter.

The applicant expects the project to exceed the minimum20 percent open space requirement as they plan to maintain both of the densely forested areas and do not plan to impact any of the wetlands on the site; which are located on the southeastern portion of the parcel. In terms of phasing, all horizontal construction is to be completed as one phase while it’s expected that the luxury garages would be completed in less time than the apartments if both projects were to be built concurrently. Lastly, the applicant will be connecting to Town Utilities (Water/Sewer). All buildings are to be serviced with fire suppression systems.

PROPOSAL

In order to proceed, the applicant has to submit for a large-scale future land use map amendment and rezoning applications to create the Mixed PUD (Planned Unit Development) designation for the 27.76-acre parcel. During this process, impact to Town facilities and policies of the Town’s comprehensive plan will be evaluated.

On the heels of that, the applicant would have to submit a New Major Site Plan for compliance review with the Land Development Regulations.