ATTENTION INVESTORS: Loxahatchee Groves to
Expand Commercial Zoning on Okeechobee Blvd
Loxahatchee Groves is preparing to expand limited commercial zoning to Okeechobee Blvd corridor, approves Day Family’s commercial project on SW corner of Folsom and Okeechobee, and Big Dog Rescue Ranch 33-acres project on Okeechobee and “D” Rd.
Those of you looking for a good investment opportunity, I strongly urge you to consider a purchase directly on Okeechobee Blvd in Loxahatchee Groves.
At this past month’s council meeting, at which I was present, the Loxahatchee Groves Town Council finally approved a 10-acre commercial project on the corner of Folsom and Okeechobee Blvd with 30,000 of commercial buildings which includes offices spaces and a Dunkin Donuts. The council has also approved a 33-acre project for Big Dog Rescue Ranch, which is needing to move its operations from Wellington.
The Groves has pushed back consistently on any commercial expansion on Okeechobee Blvd. However, last November the Day family sued the town for not approving their commercial project on Folsom and Okee and won. They argued they had complied with all of the town zoning rules and that the town had no reason to turn down their application, and the courts agreed. At their May meeting the council unanimously voted to approve the project.
This has opened the door for all property owners on Okeechobee and has forced the Town Council to review and rework its current zoning rules for the Okeechobee Blvd. Currently, property owners on Okeechobee Blvd are not able to run any type of business operations that would allow customers or employees on their property, unless they rezone it to commercial. The existing commercial buildings like Red Barn had been grandfathered in prior to current zoning rules.
However, that is ALL changing. For the past 6-months the council’s Planning and Zoning Committee has met on nine different occasions to prepare a comprehensive plan for the Town Council to review and approve. The Town Council had placed a moratorium on all new zoning applications through May 31st. At their meeting in May they extended it through June in order to further review the new zoning changes.
I have been in communication with Town Planning Consultant, Jim Fleischmann. He is the individual that is overseeing the Planning Committee’s recommendations. The changes will be geared toward creating a “Cottage” business where property owners will be able to build commercial buildings/offices on their property and run a commercial/retail business that allows for employees and customers. The Planning Committees recommendations will allow for 5% of a property to be utilized for commercial construction. On a 5-acre property, this would allow for 10,890 sq.ft. of commercial buildings/offices.
As some of you are aware I have closely monitored this process because of my own clients in Loxahatchee Groves, specifically on Okeechobee Blvd. My current listing on Okeechobee Blvd is now under contract, and has a back-up contract in place. The interest from investors for properties on Okeechobee Blvd has grown exponentially due to the zoning changes that will be taking place.
Please keep in mind that the commercial/office construction will apply ONLY to Okeechobee Blvd. The review and approval process will take approximately 6-months.
There are a limited number of properties available directly on Okeechobee Blvd. as they have quickly gone under contract. I have been in contact with one owner of a 5+ acre property NOT currently listed, who is interested in selling. These lots are being quickly and quietly purchased by investors that are aware of the changes that will be taking place.
Keep in mind that Okeechobee Blvd will be expanded to 4-lanes, and the Minto West project has been approved by the County. Okeechobee Blvd will be a prime location for any commercial project.
If you are interested in pursuing this further, please contact me. I would not recommend waiting through the summer as these properties will be gone and prices will continue to rise significantly.