Zoning Resolution 22-Z-189 - Laserfiche WebLink

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Page 2 of 4 The Project will retain all of the previous applicable approvals, including but not limited to the approved 490 residential units; approved TDRs in the amount of 283,485 square feet of floor area and 119 dwelling units; approved 25% decrease in building separation from 100 feet to 75 feet; approved design flexibility allowance for side setbacks reducing side setbacks to 25 feet; approved phased development and related 72 -month extended period to obtain a building permit.2 Due to the nature of the phased project, the Applicant is seeking TDR financing and requesting incremental payment of bonuses and TDRs as utilized for each Phase of the Project. The Project will not include the previously approved office and retail space amenities. To effectuate the modified Project, the Applicant requests the following: 1) Site plan approval adopting the plans entitled "La Playa" as prepared by the architectural firm Arquitectonica and dated December 3, 2021 and consisting of two phased 62 -story residential towers with a total of 490 residential units; a branded restaurant of approximately 8,462 square feet of combined indoor and outdoor dining; and a spa of approximately 8,000 square feet, for a total of 1,228,435 square feet of floor area. 2) Shared parking between the spa and restaurant uses pursuant to Section 265-46 A.(3), City LDRs, to provide sufficient Project parking and meet market demands. 3) Conditional use approval for a private club and extension of the conditional use building permit time frame to allow an additional 48 months beyond the 24 -month time frame for a total of 72 months after Commission approval pursuant to sections 265-11(L) and 265- 13(E), City LDRs and consistent with the previously approved 72 -month time frame for project building permits. 4) An increase of 281 square feet of FAR (from 1,228,154 square feet of floor area to 1,228,435 square feet of floor area). 5) Modification of Condition 7 of Resolution No. 15-Z-156 to remove proffer (iv) requiring the Applicant to "identify the four (4) condo/hotel units which are subject to the 5% residency rule in the City Code." 6) Deletion of Condition 8 of Resolution No. 15-Z-156 (related to hotel/apartment shared parking). 7) Modification of Condition No. 13 of Resolution No. 16-Z-158 so as to allow the issuance of building permits to each phase of the Project and financing and incremental payment of I Consistent with Condition 13 of the approved project, the Applicant is seeking to maintain the 72 -month extended period to obtain a building permit in order to accommodate the phased development of the Project's two towers and account for potential shifts in market conditions. As set forth in Condition 13, the 72 -month period would begin to run from the date of modified site - plan approval and would not include any existing extensions received pursuant to section 252.363, Fla. Stat. 52