Boca Raton - The much-troubled and partly built Boca Raton Eden condo project, once billed as a luxury development, may turn into homes for seniors and an assisted living facility.
Ceebraid-Signal Corp. teamed with Atlanta-based Parc Senior Communities to finish the project that's years behind schedule and has faced financial difficulties. They submitted a plan to City Hall on Dec. 21 showing that they want to change the four-building, 248-unit condo project into 193 senior residences and 82 assisted living units.
That has the residents who moved into the project's one finished building fuming.
"This is not what I spent a half-million dollars for," said Seid Bernard, who attended a city meeting Wednesday to review the developer's latest plans.
Adam Schlesinger, vice president of Ceebraid in West Palm Beach, declined to comment Wednesday.
Angry residents have turned to City Hall for help even though the city can't control what the builders do with the project as long as they follow city rules.
For the developers to build the assisted living facility, they need city approval for a rule change since it's not allowed under current zoning regulations. That may give the city some leverage in wringing added concessions from the developers.
In September, skeptical City Council members granted a two-year extension on Eden's building permits. They agreed to a third extension as long as the developers stick to a stringent schedule. So far Ceebraid and Parc have complied with the city's requests.
Bernard lives in the five-story building that stands next to three hulking, gray building skeletons that the developers boarded up on city orders. He said he would move if Ceebraid paid him today's market price for a downtown Boca Raton condo. The developers have offered those who closed on their units what they paid plus some money for closing costs.
Source : http://www.ccfj.net/
Monday, January 7, 2008
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