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Developers propose up to 365 apartments at Coconut Point; board presses for traffic, height and DRI analysis
Summary
Waypoint Residential and Simon Property Group previewed a plan to demolish a vacant movie theater at Coconut Point and build up to 365 multifamily units with a five‑story parking garage; board members and residents questioned unit caps under the DRI, parking reductions and visual/traffic impacts.
Developers presented an exploratory plan to amend the Coconut Point MPD/DRI and build up to 365 multifamily rental units on and behind the vacant Regal movie theater property at Coconut Point.
Jeremy Chastain, certified planner with Bowman Consulting Group, said the application would amend Track 2A of the Coconut Point MPD/DRI to allow a maximum of 365 multifamily dwelling units while maintaining the development‑order requirement that external PM‑peak trips not be exceeded. “This request will not increase the number of net new external peak hour trips established in the DRI development order,” Chastain said, adding the team will account for the DRI entitlements in…
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