After months of back-and-forth, the city commission of West Palm Beach finally approved the creation of an Okeechobee Business District.
The recent unanimous vote paves the way for a number of proposed developments, including the Related Companies’ 25-story office tower at 134 Lakeview Avenue. Related has not yet announced if it will go forward with its One Flagler project, according to the Palm Beach Post.
The district, proposed by Related last year, was voted down by the commission in September. Since then, the proposal was revised to encourage the use of transportation alternatives, like trolleys and bicycles, as well as some environmental-friendly alternatives, according to the publication.
The Okeechobee Boulevard corridor features some prime waterfront parcels on Flagler Drive and Okeechobee Boulevard. Currently, zoning in the area only allows for five-story buildings.
The measure now heads for state approval and will return to the commission in August for final city approval.
Source: The Real Deal