Boca's Downtown Profile to Rise: Tower One Fifty-Five approved for 12 stories
Boca Raton is proving that rules for new development are not
set in stone. Yesterday the City Council approved a new condominium project
called Tower One Fifty-Five, which will be built on the 100 block of East Boca
Raton Road. Two years ago this project was approved for 9 stories, but is now
allowed to go 12 stories. It is the first ever development allowed to break the
maximum height restriction of 100 feet on a lot less than 2 acres. In exchange
for the extra height, the developer agreed to reduce the amount of units by 39,
so as to create less traffic. Clearly this is setting the tone for more
projects to be built like this in the future. The City Council has made it
clear that they desire more projects and density for East Boca. I think they
are feeling the competitive heat from the enormous amount of development taking
place now in Broward and Dade counties. Hopefully this will not lead to
overbuilding, a serious problem in the past. But the new population numbers
show that this new supply will be absorbed so it just has to be done
intelligently so as not to ruin the quality of life. Added traffic, which is
already at record levels, could deter people from the city and lead them to
choose other places to live. It will be interesting to see what happens, you
know I will be watching. And then blogging about it. As always thanks for
reading and have a great day.
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