CRA staff: two projects would leave space for about 71 residential units downtown
Downtown Manager Ruby Riley reported current office-equivalency inventories by sub-area and said two proposed projects (Meissner Plaza and a Center for the Arts proposal) would reduce available office-equivalency square footage to about 29,694, convertible to an estimated 71 residential units; allocations are processed first-come, first-served.
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Ruby Riley, downtown manager for the Boca Raton CRA, presented an expanded map and table of remaining office equivalencies (OEs) by sub-area and summarized applications in process. She said the Meissner Plaza project is proposing to use several thousand square feet of OEs and that a Center for the Arts proposal would seek to use more than 207,000 square feet of office-equivalency-related allocations.
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