Case Study- Mizner Park, Boca Raton

• City purchased the 28.7-acre site for $58 million

• Issued a long-term lease for a mixed-use development on 12 acres

• Reserved remainder for parks, plazas and civic uses.

• Project spurred the development of the downtown area

• Turned an a lower-than-market rate rent values to an area with the highest rental rates in all of South Florida.

• The result was a 14-fold increase in property values between 1990 & 2002

Ultimately, we are doing this because it will enhance the quality of life for Palmetto Bay residents.

Project Area

N

North:

• SW 158th Street

East:

• 97th Ave to SW 174 St

• 93rd Ave to SW 168th St

• 91st Ct to SW 158th St

West

• US 1 southbound Ln

South

• Eureka Drive

Phase 2

Phase 1

Factors of Importance for the Project Design– Provide services close to home– Green areas buffering single-

family homes– Urban Parks– Public Plazas– Pedestrian-friendly design– Attractive roads and public right-

of-ways– Protect residential

neighborhoods

DRTF Recommendations

1. Franjo Road as Main Street

2. Mixed-use District

3. Entertainment District

4. Office/ Residential District

5. Medical District6. Civic District

Main Street

Mixed-Use

Mixed-Use

Residential- Multifamily

Medical District

Office/ Residential

Civic/Park

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