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Publix redevelopment approved to proceed with deeded 20,000‑sq‑ft park and TDR proffer
Summary
Developers of the proposed Publix redevelopment agreed to deed a 20,000 sq ft public park to Coral Gables and proffer 35,000 sq ft of transferable development rights (TDRs) tied to historic‑preservation use; staff and the commission agreed to permit temporary certificates of occupancy tied to escrowed deeds and a letter‑of‑credit guarantee.
Developer representatives presented revised plans for the proposed Publix mixed‑use redevelopment and explained changes required by base flood elevation (BFE) rules that raised the building’s base floor and required ramps and stairs from the sidewalk. To protect the city and speed construction, the developer agreed to deed the new 20,000‑sq‑ft park to the city in fee simple and place that…
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