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08/15/2017 (3)
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08/15/2017 (3)
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Last modified
4/29/2025 2:52:19 PM
Creation date
10/26/2017 3:25:19 PM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
08/15/2017
Meeting Body
Board of County Commissioners
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County's largest mixed-use project abandoned by funder - VeroNews: Vero Beach 32963 ... Page 3 of') <br />"I am talking with a number of people who are interested in building the fust phase." <br />THP Capital Partners listed the property with Margery Johnson, a senior director at Cushman <br />Wakefield, a huge international commercial property brokerage headquartered in Orlando. <br />Johnson did not return phone calls inquiring about the property and the listing price is unclear at <br />this time. <br />Paladin says IHP has tens of millions in the property in infrastructure, impact fee ad carrying costs <br />and would like to get as much of its investment back as possible. <br />He says more than $8 million in impact fees have been paid on the property and that its <br />concurrency was just extended for three years. <br />Concurrency means the project has been factored into the county's master plan and would not be <br />rejected for traffic congestion or infrastructure overuse reasons. <br />As it stands, a large-scale residential and retail development can be built at the site, subject to <br />county approval of site and building plans. <br />"I have been doing development in the county for I 1 years, and I have never lost a project," says <br />Paladin. `9 am not going to lose this one, either." <br />http: //www.veronexvs.com/32963_features/county-s-largest-n i xed-use-project-abandoned-b... 4/7/2016 <br />P18 <br />
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