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Page 2 of 3 <br />The 2022 Approval is currently under construction with a Deep Soil Mix Permit in place <br />(132023-1803). As is typical for projects like this, market demands have changed and a density <br />decrease and minor design and program revisions are both necessary and desirable to enhance the <br />overall project. To accommodate these circumstances, the Applicant now seeks to amend the 2022 <br />Approval, including the following: <br />1. Reduce density from 490 units to 361 units; <br />2. Increase FAR to the total approved FAR of 5.98 (from 1,192,039 to 1,228,435 sqft.); <br />3. Decrease Cabanas from 17 to 14; <br />4. Reduce Guest Suites from 13 to 10; <br />5. Decrease Beach Bar and Grill from 5,200 sqft. to 4,207 sqft. (3,056 sqft. indoor dining and <br />1,160 sqft. outdoor dining, and 1,565 sqft. kitchen area) and provide public access to the <br />Bar and Grill; <br />6. Reduce Public Restaurant from 8,462 sqft. to 7,193 sqft. (4,713 sqft. indoor dining and <br />1,227 sqft. outdoor dining, and 1,253 sqft. kitchen area); <br />7. Convert 5,170 sqft. of Residential Amenity area to 1,068 sqft. of Commercial Use on Level <br />4 of North Tower and provide required parking; <br />8. Add one level of below -grade parking to Tower 2; <br />9. Increase mechanical space to 70,000; and <br />10. Increase resident storage space to 23,581 sqft. <br />The Amended Project will retain all of the previous applicable approvals, including but not <br />limited to approved TDRs in the amount of 283,485 square feet of floor area and 119 dwelling <br />units; approved 25% decrease in building separation from 100 feet to 75 feet; approved design <br />flexibility allowance for side setbacks reducing side setbacks to 25 feet; approved phased <br />development and related 72 -month extended period to obtain a building permit.' Sufficient onsite <br />parking is provided for all proposed uses and thus a shared parking agreement is not needed. <br />Approval and use of TDRs) and Resolution No. 2015-2497 (transfer of public TDRs in the amount <br />of 283,485 square feet (and 119 dwelling units)). On April 21, 2016, the site -plan was modified <br />through Resolution 16-Z-158 and approved for 490 residential units and 12 cabana/suites. On <br />January 21, 2016, the City Commission also approved the potential transfer of 75,000 square feet <br />(and 35 dwelling units) from the property known as the "Corner House" property to the Property, <br />through the adoption of Resolution No. 2016-2511. <br />3 Consistent with Condition 13 of the approved project, the Applicant is seeking to maintain <br />the 72 -month extended period to obtain a building permit in order to accommodate the phased <br />development of the Project's two towers and account for potential shifts in market conditions. As <br />set forth in Condition 13, the 72 -month period would begin to run from the date of modified site - <br />plan approval and would not include any existing extensions received pursuant to section 252.363, <br />Fla. Stat. <br />Shubin Law Group H,05 381 Q Fax UO3i 94.1 <br />PROFESSIONAL ASSOCIATION 23 <br />