News: Palm Beach County News
August 2007 Palm Beach County Events
6/13/2007 - 9/2/2007
Boca Raton Museum of Art
Mizner Park, 501 Plaza Real, Boca Raton, FL 33432
The Museum's All Florida exhibition annually showcases the best emerging Florida artists. As the state's oldest annual juried competition over the years, it has introduced the work of thousands of emerging Florida artists. Admission: Adults $8, Seniors 65/older $6, Students $4, Groups of 10 or more $4.00, Members, children 12 and under are free. 561.392.2500
Tigers of Wrath: Watercolors by Walton Ford
6/16/2007 - 8/26/2007
Norton Museum of Art
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Palm Beach County Commercial properties still breaking records
Even as Palm Beach County home values slump, prices of offices, warehouses and shopping centers soar, lending credence to what analysts claim is evidence of froth in the commercial real estate market. From Publix shopping centers to industrial land, investors have been throwing cash at Palm Beach County real estate. A Publix center in Greenacres sold earlier this year for $67 million, and 537 acres at the former Palm Beach Park of Commerce changed hands last month for $162 million. From Publix shopping centers to industrial land, investors have been throwing cash at Palm Beach County real estate. A Publix center in Greenacres sold earlier this year for $67 million, and 537 acres at the former Palm Beach Park of Commerce changed hands last month for $162 million. The 423,000-square-foot complex at 777 S.
Flagler Drive last sold in late 2003 for $138 million, when The Winter Organization and Heller Properties, both of New York, bought the property.
The $470 fetched by Phillips Point topped the $462-per-square-foot deal for the Grand Bank building on PGA Boulevard. Two office buildings on Royal Palm Way in Palm Beach this year sold for $600 per square foot, but $470 is the peak for properties west of the Intracoastal. With commercial properties showing strength the housing market can't be that far behind it.
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Multifamily housing OK'd for Okeechobee
The Okeechobee City Council Tuesday gave approval to part of the Southern Trace development.
Bill Brisson, city planner, had previously recommended denial of rezoning for the development at the Planning Board/Board of Adjustments and Appeals stage. At the July 3 meeting, the city planner recommended approval of the multifamily development submitted by Steve Dobbs, of Rudd Jones, P.E. and Associates, P.A., on behalf of the applicant InSite Development, LLC.
Mr. Brisson said the traffic issues have been resolved. While this application has been before the council several times, this part of the process called for the rezoning of 11.29 acres along the west side of Northwest Seventh Avenue and between Northwest 11th and Northwest 13th Streets from residential single family to multifamily.The applicant had previously received the future land use approval change from residential single family to multifamily for this entire development. The entire development encompasses approximately 26 acres located on three blocks from Northwest 11th Street to Northwest 14th Street within Northwest Fifth Avenue and Northwest Third Avenue and on two blocks located between Northwest 11th Street and Northwest 13th Street and Northwest Seventh Avenue and Northwest Fifth Avenue. The site will hold 230 units, as well as required open spaces such as parks and other recreational areas. The project will be developed in two phases consisting of 114 units in the first phase and 116 in the second.
July Palm Beach County Events
6/13/2007 - 9/2/2007
Boca Raton Museum of Art
Mizner Park, 501 Plaza Real; Boca Raton, FL 33432
The Museum's All Florida exhibition annually showcases the best emerging Florida artists. As the state's oldest annual juried competition over the years it has introduced the work of thousands of emerging Florida artist. Adults $8, Seniors 65/older $6, Students $4, Groups of 10 or more $4.00, Members, children 12 and under are free. 561.392.2500
Tigers of Wrath: Watercolors by Walton Ford
6/16/2007 - 8/26/2007
Norton Museum of Art
1451 South Olive Avenue; West Palm Beach, FL 33401
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West Palm Beach Marina Renovation
The project calls for expanded docks, a five- or six-story boutique hotel, restaurants and a far better financial deal for the city with the private operator, Connecticut-based Leisure Resorts. It's designed to dovetail with the city's plans to overhaul the rest of the waterfront to the south.
But some new caveats surfaced Monday, including questions about noise, traffic, security for adjacent condo residents, the extent to which boats would block water views and the look of a two-story garage in an awkward spot on Flagler Drive, which the city prizes as its most picturesque street.
Nonetheless, the plan passed, as expected, with commissioners approving three things: a site plan for the hotel, a 100-year lease extension with Leisure Resorts and a swap with the state of underwater land that's crucial to the complex deal. The lease extension needs another vote before it's final. On June 12, the state Cabinet will consider a swap of land that would give ownership of the submerged marina land to the city so the new revenues would go to the city rather than the state. If the Cabinet does not approve the swap, as anticipated, the lease extension may not gain final approval June 18. Under the new terms, that sum would rise to $180,000 or 8 percent of the marina's dock-rental revenue, which could amount to $450,000 to $600,000. Mayor Lois Frankel described it as a crowning moment after years of acrimony between the city and the marina. A development agreement approved Monday night does not require the hotel to be finished until 21/2 years after the docks are built, which could amount to a total of four years or more. The mayor would like to see a fast pace so stay tuned.
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Palm Beach County June Events
West Palm Beach Antique & Collectibles Show
6/1/2007 - 6/3/2007
South Florida Expo Center
9067 Southern Boulevard (SR 80); West Palm Beach, FL
The West Palm Beach Antique & Collectibles Show is one of Florida's biggest and best antique shows. It offers hundreds of exhibitors who feature decorative accessories and collectibles. The show also offers on-site services including jewelry repair, porcelain and glass repair, doll restoration and silver and gold plating.
Friday: 12pm - 5pm; Saturday: 9am - 5pm; Sunday: 10am - 4:30pm
$11.00 Multi-day pass; $6.50 Adults; $5.50 Seniors; Children under 12 – Free
561-640-3433
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West Palm Beach Waterfront Project
West Palm Beach to consider major move on waterfront project. The city will escape a monumentally bad lease with 67 years to run if the city commission and Florida Cabinet back a $40 million marina and hotel project at the downtown Palm Harbor Marina. The plan that city commissioners will consider Monday expands the docks from 14 to 25 acres, includes a 5 or 6 story boutique hotel with a waterfront restaurant and shops. They make money. The city makes $27,000 annually leasing the docks and submerged land to the Chases' firm, Leisure Resorts.
The new deal would guarantee the city 8 percent of the project's revenue as much as $600,000 but a minimum of $180,000. The deal would mean a 100 year lease and requires a swap of submerged land with the state. On June 12, the Cabinet will consider accepting 8 submerged city acres in front of the library in exchange for state submerged land at the marina. With the land the city already has at the marina, the total would be 26 acres. The city would also agree to spend $600,000 in improvements at Grassy Waters Preserve off Northlake Boulevard.
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