West Palm Beach TOD Stakeholder Workshop - TCRPC stakeholders...West Palm Beach TOD Stakeholder...
Transcript of West Palm Beach TOD Stakeholder Workshop - TCRPC stakeholders...West Palm Beach TOD Stakeholder...
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West Palm Beach TODStakeholder Workshop
March 31, 2006
How Do We Move the Project Forward?
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Mayor Lois Frankel
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Commissioner Jeff Koons
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Okeechobee Blvd.Okeechobee Blvd.
General LocationGeneral LocationPalm Beach Int’l Airport
Palm Beach Int’l Airport
Town of Palm Beach
Town of Palm Beach
City PlaceCity
PlaceKravisCenterKravisCenter
Subject PropertySubject Property
Banyan BlvdBanyan Blvd
Tam
arin
d Av
eTa
mar
ind
Ave
CS
X R
RC
SX
RR
N
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N
Okeechobee Blvd.Okeechobee Blvd.
Property OwnershipProperty Ownership
County (Future SFRTA)
County (Future SFRTA)
State of FloridaState of Florida
Federal Government
Federal Government
Red CrossRed Cross
Private OwnersPrivate Owners
CountyCounty
Mental Health AssnMental Health Assn
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General Charrette Goals
Create a mixed-use Transit Oriented Development (TOD)
Address the need for workforce housing
Increase transit ridership & pedestrian circulation
Design a project that is financially feasibleusing appropriate funding mechanisms
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Initial Charrette Recommendations• 2,000 New Residential Units
Min. 20% workforce = 400 units
• 1 Million SF Non-Residential UsesFederal Block: New Courthouse & PlazaOther Blocks: Mixed-Use
• Ground Floor Retail at Key Locations• Upper Stories – mostly Residential
• Improve TamarindStreetscape, Building Placement, Uses
• Create new North/South Street
• Increase Private OwnershipFrom 90% public to 90% private
• 5,000 Parking Spaces
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The 60-Day Timeline
Update program needs of stakeholdersUpdate survey data of Wedge Conduct environmental & geotechnical analyses of WedgeComplete title searchUpdate utility & infrastructure costsConfirm FTA requirements
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What We Learned …
250 spacesn/aTri-Rail
400 spaces80,000 SFRed Cross
TBDTBDPalm-Tran
400 spaces100,000 SFDMS Expansion (Dimmick Ph 2)
3,610 spaces720,000 SFTOTALS
250 spaces50,000 SFHCD
360 spaces200 spaces
90,000 SF50,000 SF
DOH Ph 1DOH Ph 2
1,750 spaces350,000 SFCounty
Public Stakeholder Program Requirements
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What Else We Learned …FTA funding shouldn’t trigger federal requirements across entire Wedge
Utility & infrastructure costs have risen … to roughly $48 – 63 Million
Water main bisects wedge (NW quadrant) requiring relocation (200-300 days & additional cost)
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What Else We Learned …
Title to properties appears clean except … FPL easement appears to occupy portion of Wedge
Wedge has some environmental contamination – estimated $500K cost
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Testing Various Scenarios
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Wedge Scenarios
CountyOffices
DOH PH1/HCD
ParkingGarage
DOH PH 2
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What We Heard From Stakeholders (Yesterday)
State would consider relocating DOH Phase I to center of property (adjacent to Dimmick) & prefers DMS expansion adjacent to current building
County prefers one 350,000 SF building in one phase of construction
Generally, the agencies offered limited flexibility in their program requirements
Private Sector is comfortable with assemblage and wants to participate
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Program ImplicationsDOH cannot be accommodated on the Wedge and meet its timeline
County cannot “share” the Wedge with any other user – given its parking demand for a 350K SF building
Red Cross expects $15M or would prefer to remain in existing location
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The Consensus Scenario
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The Consensus Scenario
The Wedge:
350K SF County (1,750 spaces)
Tri-Rail Parking (250 spaces)
Palm-Tran Transfer Facility
The Wedge:
350K SF County (1,750 spaces)
Tri-Rail Parking (250 spaces)
Palm-Tran Transfer Facility
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The Consensus Scenario
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The Consensus Scenario
State Block ProgramState Block Program
DOH Phases 1 & 2 (140K)DOH Phases 1 & 2 (140K)
HCD (50K)HCD (50K)
DimmickDimmick Expansion (100K SF)Expansion (100K SF)
Lined garage (1120 spaces, 6K retail, 41 units)Lined garage (1120 spaces, 6K retail, 41 units)
Private Block along TamarindPrivate Block along Tamarind
(130K (130K ofcofc/retail, 325 units, 700 spaces)/retail, 325 units, 700 spaces)
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The Consensus Scenario
County Block ProgramCounty Block Program
All Private DevelopmentAll Private Development
Tamarind Block ( (130K Tamarind Block ( (130K ofcofc/retail, 325 units, 700 spaces)/retail, 325 units, 700 spaces)
Residential Building (270 units)Residential Building (270 units)
Lined Garage (141 units, 19K retail, 660 spaces)Lined Garage (141 units, 19K retail, 660 spaces)
Leap Block (250 units, 300 spaces)Leap Block (250 units, 300 spaces)
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The Consensus Scenario
County/Red Cross Block ProgramCounty/Red Cross Block Program
Tamarind Block (130K Tamarind Block (130K ofcofc/retail, 325 units, 700 spaces)/retail, 325 units, 700 spaces)
Red Cross Admin & Aquatic Center (80K SF)Red Cross Admin & Aquatic Center (80K SF)
Residential Bldg (130 units)Residential Bldg (130 units)
Lined Garage (590 spaces, 6K retail, 44 units)Lined Garage (590 spaces, 6K retail, 44 units)
Leap Block (250 units, 300 spaces)Leap Block (250 units, 300 spaces)
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Proposed Land Use Mix
2,100 units
620K
276K139K
0
500
1,000
1,500
2,000
2,500
Residential Gov't Ofc Ofc Retail
Land
Use
by
Cat
egor
y (T
hous
ands
of S
quar
e Fe
et)
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Current Land Ownership Analysis
1,000K
150K
0
100
200
300
400
500
600
700
800
900
1,000
Gov't Lands Private Lands
Prop
erty
Are
a(T
hous
ands
of
Squ
are
Feet
)
87%
13%
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Proposed Development Program
620K
2900K
0
500
1,000
1,500
2,000
2,500
3,000
Public SF Private SF
Prop
erty
Use
(Tho
usan
ds o
f Squ
are
Feet
)
20 %
80 %
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Projected Program: Public & Institutional Buildings
50K80K
100K
140K
350K
0
50
100
150
200
250
300
350
HCD Red Cross DMSExpansion
DOH Ph 1&2 CountyBuild
ings
(Th
ousa
nds
of S
quar
e Fe
et)
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Projected Program: Total Residential Units
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
Rental For-Sale
# o
f Res
iden
tial U
nits
30%
30%
70%
70%
420 units 1,680 units
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Parking Requirements … 7256!
Private Parking
3346 spaces(46%)
Public Parking
3910 spaces(54%)
Private Use80% SF
Public Use20% SF
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Estimated Generalized Land Values
-$36
-$60
$22
-$38
$45
-60
-40
-20
0
20
40
60
Market RateRental
Residential
WorkforceRental
Residential
Commercial Workforce For-Sale Residential
Market RateFor-Sale
Residential
Land
Val
ue p
er S
quar
e Fo
ot (
$)
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Potential Assessed Value of Improvements(does not include land value)
$3M
+ $362M
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
Current Value Build-OutPote
ntia
l Ass
esse
d Va
lue
of I
mpr
ovem
ents
(M
illio
ns o
f $)
Potential future TIF revenue of $4.1M = $50-54M bonding capacity
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County can be accommodated on the Wedge
DOH can relocate by Dimmick & create state office cluster with shared parking facility
Public sector parking is consuming a disproportionate share of total program
State Example: 1,250 spaces. Decrease from 5/1000 to 4/1000 = 250 spaces (cost of $6.25M plus 200 residential units)
2100 residential units – close to original goal of 2000 units (program goal of 30% workforce)
Initial Findings
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Recommended Next Steps:State of Florida (DOH & DMS)
Determine if consensus scenario meets requirementsProceed to develop site plan relocating DOH Phase 1Consider/proceed to disposition of remaining parcels through RFQ
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Recommended Next Steps:Health Care District
Determine if consensus scenario meets requirementsPending DOH decision to continue, proceed to fund construction of DOH building
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Recommended Next Steps:Palm Beach County
Determine if consensus scenario meets requirementsProceed to fund construction of DOH buildingProceed with site plan development for Palm-Tran facilityConsider disposition of remaining parcels for
(1) workforce housing with Leap Group(2) dedication of new street(3) additional workforce housing through RFQ
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Recommended Next Steps:Red Cross
Determine if consensus scenario meets requirementsProceed with disposition of eastern-most parcel in exchange for negotiated amountWork with County for reconfiguration of Red Cross/County parcelsExplore partnering with City/CRA for aquatic center
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Recommended Next Steps:City / CRA
Continue to evaluate infrastructure needsAmend Comprehensive Plan & Downtown Master Plan to identify “New Street” as part of thoroughfare mapContinue to work with public & private stakeholders towards assemblage & disposition through RFQ process
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Recommended Next Steps:Mental Health Association
Determine if consensus scenario meets requirementsConsider consolidating parcel with other property owners
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Recommended Next Steps:Leap Group
Work with City/CRA, County & Red Cross on reconfiguration of parcelsImmediately revise site plans to accommodate additional workforce housing
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Recommended Next Steps:Remaining Private Sector OwnersDetermine if consensus scenario meets requirements
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The Consensus Scenario
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Closing Remarksand
Follow-Up
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Closing Remarksand
Follow-Up