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Case Study- Mizner Park, Boca Raton

Case Study- Mizner Park, Boca Raton. City purchased the 28.7-acre site for $58 million Issued a long-term lease for a mixed-use development on 12 acres Reserved remainder for parks, plazas and civic uses. Project spurred the development of the downtown area

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Case Study- Mizner Park, Boca Raton

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  1. Case Study- Mizner Park, Boca Raton • City purchased the 28.7-acre site for $58 million • Issued a long-term lease for a mixed-use development on 12 acres • Reserved remainder for parks, plazas and civic uses. • Project spurred the development of the downtown area • Turned an a lower-than-market rate rent values to an area with the highest rental rates in all of South Florida. • The result was a 14-fold increase in property values between 1990 & 2002

  2. Ultimately, we are doing this because it will enhance the quality of life for Palmetto Bay residents.

  3. Project Area North: SW 158th Street East: 97th Ave to SW 174 St 93rd Ave to SW 168th St 91st Ct to SW 158th St West US 1 southbound Ln South Eureka Drive Phase 2 Phase 1 N

  4. Factors of Importance for the Project Design • Provide services close to home • Green areas buffering single-family homes • Urban Parks • Public Plazas • Pedestrian-friendly design • Attractive roads and public right-of-ways • Protect residential neighborhoods

  5. DRTF Recommendations • Franjo Road as Main Street • Mixed-use District • Entertainment District • Office/ Residential District • Medical District • Civic District Office/ Residential Medical District Main Street MU Residential- Multifamily Mixed-Use Civic/ Park Mixed-Use Mixed-Use Residential- Multifamily Entertainment

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