A Columbus,Ohio real estate company with ties to Palm Beach is moving forward with plans for 124 luxury apartments in Palm Beach Gardens.
Central Gardens, LLC, submitted an application Aug. 8 to develop one-, two- and three-bedroom apartments on the last portion of vacant land in a development at the southwest corner of Hood Road and Central Boulevard. The application will require the review of the city’s planning staff and officials’ approval.
Central Gardens, LLC, is managed by Gary Schottenstein, CEO of Schottenstein Real Estate Group. Gary and Terri Schottenstein own two properties on Palm Beach, according to county property records. Gary Schottenstein did not return phone calls requesting comment. The plan calls for 22 one-bedroom apartments, 86 two-bedroom apartments and 16 three-bedroom apartments.
The apartments will occupy two buildings, planner Ken Tuma, managing principal of Urban Design Kilday Studios said.
“These will be large units with a large clubhouse, pool and putting green,” he said.
Schottenstein hopes to start building by the middle of next year, Tuma said.
The overall planned community development includes the one-, two-, three-, and four-bedroom luxury apartments at The Hamptons, which have been built, and the HarborChase of Palm Beach Gardens assisted living facility. Construction on HarborChase is expected to start this fall, according to the development application. Silverstone Healthcare Co. will be responsible for the assisted living facility for residents with an average age of 80 and older. ZOM Living, based in Orlando, developed The Hamptons.
The overall development plan approved in May 2012 allowed for 57,500 square feet of retail space and 40,784 square feet of professional offices. The city approved a change to the plan in February, converting the retail and office space to the 140-bed assisted living facility.
The change reduced the number of trips generated by the entire development by 54 percent, according to the application.
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