A luxury high-rise condominium complex planned in downtown Boca Raton got a nod from city officials Monday after developers agreed to several changes based on criticism from neighbors.
Mizner 200, a 1 million-plus square foot complex planned at 200 Southeast Mizner Boulevard near Mizner Park, was unanimously approved by the city’s Community Redevelopment Agency, which just last month sent the project back to the drawing board saying it was too large for Boca’s downtown.
The latest plans from developer Elad National Properties call for four nine-story buildings with 384 luxury condominiums at an 8.7-acre property between Royal Palm Place and Boca Raton Golf Club.
The Mizner on the Green town homes currently at the site would be demolished to make way for the high-rises. The town homes are rentals so no homeowners would be displaced.
“We agreed with everything we were asked,” Elad CEO Amnon Safron told the city board, made up of city council members.
Those concessions include increasing the distance between the multiple high-rises to keep a view of the Intracoastal Waterway, adding open space with public access and adjusting the landscaping between the development and adjacent Townshend Place condominiums.
The 120-foot height of the development is nearly three times the height of Mizner on the Green. The height remains unchanged.
Estimated about $1,000 per square foot, the condominium complex will be worth about $1 billion, Elad officials have said.
The initial project drew complaints from neighboring developments, including representatives of Investments Limited, which owns the Royal Palm Place plaza. Investments Limited fought the project when it was proposed in July, arguing it didn’t fit with the unique architectural style of downtown Boca Raton.
Elad National collaborated on the approved designs with Investments Limited, Elad representatives said.
“This is what makes a good project: The collaboration,” said Councilwoman Andrea O’Rourke. “The outcome is an appropriate example.”