Plans have been proposed to construct a new ultra-luxury condominium building with only 96 residences on the West Palm Beach waterfront parcel located at 1112 South Flagler. The contemporary building, designed by award-winning architectural firm, Solomon Cordwell Buenz incorporates the latest design trends providing exquisite styling, innovative floor plans, and lush landscaping with water features along Flagler Drive. The building has been positioned on the North and East ends of the property in sensitivity to the concerns of its nearest neighbor, the 111-unit Trianon Condominium. This location, well setback from Flagler Drive, allows for creation of a heavily landscaped front lawn highlighted with a cascading water feature on Flagler Drive. Enhancements to improve the pedestrian experience are designed on both the East and West sides of Flagler Drive. Four city blocks (almost 800-feet) on the West side will include well-maintained landscaping, pedestrian walkways and linear parks. In addition, the waterfront side of the parcel will include pavilions or gazebos, and all parking will be concealed within the building. High quality developments, such as this project, have low impact to the neighbors and the public while providing much needed-jobs and tax revenue to support schools and other services benefitting all West Palm Beach residents. The redevelopment of this parcel, which currently generates NO TAX revenue to the City of West Palm Beach, the School District or Palm Beach County, is estimated to generate over $8 million in ad valorem taxes annually. Additionally, it is estimated the project will generate over 1,000 jobs during construction and over 100 jobs on an ongoing basis. Originally proposed as the tallest building in West Palm Beach, developer, GAK LLC has improved upon the initial plans as follows: • Reduced the overall height of the building by eliminating 4 floors and reducing the ceiling height in amenity areas in the building. Therefore, the building as re-submitted for approval at 327 feet will now be shorter than the 330-foot Trump Towers and the approved but not yet built, 343-foot Opera Place project. • Contracted to purchase a 100-foot wide stretch of submerged land to the North of the parcel from Palm Beach Atlantic University. The developer has agreed to deed restrict this additional land in order to preserve its water views in perpetuity. GAK LLC has committed to constructing the building utilizing Green Building practices which provide for reduced environmental impacts on an ongoing basis. And, as a matter of standard practice, they will utilize minority contractors in the building process. I join those who support responsible investment in the growth of our City. I believe the development of 1112 S. Flagler as currently proposed by GAK LLC provides much-needed, significant tax revenue to the City of West Palm Beach and the Palm Beach County School District. The revenue from this project benefits a majority of residents while requiring little additional City Services. I support the rezoning of 1112 S. Flagler to Multi-Family and the development of the low density high-rise condominium building proposed by GAK LLC.  

 www.1112SouthFlaglerDrive.com

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