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Abacoa Town Center Subdistrict Conceptual Review Phase II and Phase V July 14, 2015 Introduction: On March 5, 2013, the Town Council approved Resolution 12-13 amending the Town Center Subdistrict Master Site Plan. The approval included condition No. 11 which states: “Prior to individual site plan approval for any of the three vacant parcels located in Phase II (previous theater site) and Phase IV adjacent Avenue A (Tract TC3R-B, TC4R-B and Parcel 1, Plat No 2), the owner shall submit an overall conceptual plan of Phase II and Phase IV that provides active uses (theater, restaurant and/or retail on the ground floor) which complements the stadium and hotel. The proposed plan/use in Phase II and IV must be brought to the Town Council for a conceptual review.” Per this condition, Aries Land Acquisitions, the Owner, hereby submits the attached Conceptual Plan for Town Council’s review. Location: The referenced sites are located within the Abacoa Town Center and include the previous theater site at the southwest corner of Avenue A and Main Street and the two vacant parcels northeast and northwest of the corner of Avenue A and Main Street. The three sites are referenced in the condition of approval cited above. Request: The Owner is requesting approval from the Town Council of the attached conceptual site plan for the three parcels. The conceptual plan includes the following projected uses: Phase II: family entertainment facility preliminarily designed to include 12-movie theater screens, 20 bowling lanes and a casual dining restaurant. Phase IV: two 30,000sf office buildings aligned facing Main Street with an estimated 200 - 300 daytime employees. Justification: Since the approval of the Subdistrict Master Plan, the Owner has worked diligently to attract new users into the Town Center. In an effort to gauge the viability of a movie theater and interest by private companies to bring a movie complex back to Abacoa, the Owner developed an RFP for the theater site and sent it to regional and national theater operators to solicit proposals. In addition to this, marketing materials, signage and brochures were developed to lure prospective office and retail tenants into the Town Center for the vacant parcels that exist between the newly developed Allure project and the Phase I commercial center. Through this effort and persistence two projects have resulted and are the subject of the proposed conceptual plan, which include the family entertainment center and the proposed Jupiter Medical Center office building. Abacoa Town Center Subdistrict Master Plan Conceptual Plan July 14, 2015 As stated previously, a movie theater RFP was developed and sent to solicit proposals to develop the theater site. At the end of the day only one responded to the RFP. The result of the response to the RFP was telling in that the Abacoa Town Center does not warrant a large Cineplex facility based on its location and traffic counts. The competition for theater patrons in the area is very strong and the Town Center has limited roadway exposure, which is needed to compete in the marketplace. Fortunately, the Frank Entertainment Companies, which is located in Jupiter, is familiar with Abacoa and the local market and has stepped up to try and make a theater work in the Town Center. A preliminary agreement has been reached to construct a family entertainment facility to include movies, bowling and restaurant uses. This agreement contemplates that Frank Entertainment will build the facility on the old theater site, next to the Marriot Hotel, anchoring the northern end of the Town Center and bringing the north and south site together. A site plan pre-application package has been submitted to the Town and the developer has been working on securing his financing prior to making a formal submittal. Although months have passed since the initial submission, Frank Entertainment remains committed to the project and getting the theater built in the Town Center. In addition to the theater site, the Owner of the subject properties has been working on other ventures with the Jupiter Medical Center. Together they have recently completing the Margaret W. Niedland Breast Center located on Military Trail. This relationship has been very positive for both entities and as a result provided another opportunity to work together in developing a new 30,000 square foot office facility in the Abacoa Town Center. Jupiter Medical Center is currently seeking to build a new facility for their technology and administrative staff. Jupiter Medical Center has consistently been a supporter of Roger Dean Stadium and Town Center events, so the opportunity to locate in the Town Center is an attractive solution of JMC. The development of the northwest corner of Phase IV across from Roger Dean Stadium would provide JMC with visibility in the Abacoa community and also to visitors to Roger Dean Stadium. As a office user in the Town Center, the additional 100 - 150 employees would bring much needed daytime users to support the existing restaurants and the projects parking lot could provide surplus parking for the stadium games at night. A similar 30,000 square foot office building is proposed across the street from the JMC building creating a gateway to the north end of the Town Center. Both buildings are proposed as all office use and would provide much needed employment opportunities in the Town Center. The new owner of the Phase I Town Center is supportive of the office only use on the vacant Phase IV parcels. Having additional employees in the Town Center will only help to attract new tenants into the current buildings and allow the existing tenants to be more successful. Conclusion: There have been a few changes to the dynamics of the Town Center since the 2013 approval of the Subdistrict Master Plan. The Allure project is still under construction but has been received very well in the marketplace and is leasing up as fast as they can finish buildings. A new owner has recently closed on the commercial portion of the Phase I property and is working hard to revitalize that portion of the Town Center into a family destination. The Marriot Hotel is up and running and is enjoying its own success Page 2 of 3 Abacoa Town Center Subdistrict Master Plan Conceptual Plan July 14, 2015 during spring training and holiday months. The proposed conceptual plan uses will complement the existing Town Center without competing with it for tenants or patrons. The movie theater/bowling complex will help to position the Abacoa Town Center as a family friendly entertainment destination. Many Phase I modifications being studied are proposed to include family entertainment uses such as miniature golf and a redeveloped amphitheater green. By working together these uses, although separate by phases, will work together to foster a sense of place. The proposed office buildings will contribute a much needed daytime presence to help support the existing restaurant and retail uses. Because office is a daytime use, parking for evening events at the stadium could be accommodated close to the core of the Town Center, providing surplus parking when residential units are occupied. The conceptual plan will allow the development of these two projects to move forward in the approval process, per the condition of approval in the Subdistrict Master Plan. Page 3 of 3