BY MARIE PULEO | POMPANO BEACH REAL ESTATE AND DEVELOPMENT REPORTER
Pompano Station, a $102 million 355-unit development being planned for the parking lots behind the Bank of America and Chase Bank buildings on East Atlantic Boulevard, received site plan approval from the Planning and Zoning Board this month. The two parking lots sit on opposite sides of NE 24th Avenue, just west of Publix.
An 8-story building with 208 residential units is proposed for the 1.6-acre lot behind the Bank of America building, 2335 E. Atlantic Blvd., on the west side of NE 24th Avenue.
An 8-story building with 147 residential units is proposed for the 1.2-acre lot behind the Chase Bank building, located at 2401 E. Atlantic Blvd., on the east side of NE 24th Avenue.
The plans include a covered pedestrian bridge over NE 24th Avenue that would connect the two residential buildings at the third floor. However, there would be no residential units over the street.
The pedestrian bridge still requires further approvals, but if built, it would be the first pedestrian bridge over a city street in Pompano Beach, according to city officials.
One of the conditions for approval of the Pompano Station site plan was that the pedestrian bridge must be approved by the City Commission by an agreement recorded with Broward County. Agreements of this type are required by the city’s engineering department for elements of private property that project into public rights-of-way.
Prior to it being considered by the City Commission as an agenda item, the details of the pedestrian bridge must be reviewed by the city engineer and other applicable city departments. They will be checking to see if any support structures for the bridge encroach in the city rights-of-way, and if so, if there are conflicts with any existing underground utilities or future utilities.
They will also verify that the proposed bridge height allows sufficient access for heavy equipment that may need to be used under the bridge by field staff or contractors.
The residential units in Pompano Station will be market rate rental units, with 53 units of affordable workforce housing. Pompano Station will be the first new development in the East Transit Oriented Corridor zoning district to meet the requirement of providing a minimum of 15% of the housing units as affordable, rather than opt out by paying a fee per unit.
The East Transit Oriented Corridor (ETOC) is a zoning district created several years ago that allows mixed-use development (a combination of commercial and residential uses within a single project or building) along Atlantic Boulevard, and is intended to support mass transit use and a pedestrian-friendly environment.
The two Pompano Station residential buildings feature one-, two- and three-bedroom units, as well as studios. The buildings are courtyard-style and each has its own interior multi-level parking garage, with a combined 634 parking spaces. The parking structures will also serve the adjacent existing commercial buildings fronting Atlantic Boulevard.
Amenities include a swimming pool, clubroom, gym and co-working space on the ground floor of the building behind the Bank of America building.
Grover Corlew, the real estate investment management group that owns the bank buildings and the associated parking lots, was approved in November for $9.1 million in tax increment financing from the Pompano Beach Community Redevelopment Agency (CRA) in order to get the project off the ground. The taxes generated by the project will be used to help finance the project, which lies within the East CRA district.
In addition to the residential buildings, the developer will build a 6,932-square-foot public pedestrian plaza in an area on the east side of the Bank of America building that is currently used for parking.
The developer will also carry out improvements to the façade of the Bank of America building, which was built in the early 1960s. In addition, the ground floor will become either restaurant or retail space, and glazing will be added to open it up and encourage more pedestrian activity. The enhancements to the Bank of America building are a condition of the CRA financing.
According to David Canfield of Grover Corlew, “Pompano Station” is a working name for the project that may be changed in the future.
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