Tuesday, May 29, 2007

DOWNTOWN BOCA SPINE

Plans for Crocker Partners to create a downtown Boca Raton pedestrian “spine which will include stores, shops, a hotel, offices and restaurants to create a pedestrian-friendly area with green space to attract walkers, are moving ahead now. The CEO, Tom Crocker says he has the backing of about 50% of downtown property owners for this Sandborn Square development, and is still working towards accord with one of the city’s largest landlords, who owns the Royal Palm Place shopping plaza at the south end of the city, which is planned to connect with Mizner Park. Two city blocks in downtown Boca will be involved. An architectural firm has been hired. The city, under Crocker Partners’ proposal, could authorize creation of a self-taxing community development district, which would be devoted to the spine road and public parking, then requiring no outlay of city money nor the need for bonds. Estimate from the city for the cost of the spine is about $30-MM.

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