A Palm Beach Post article Monday about a real estate group’s plans to build 124 luxury apartments in Palm Beach Gardens touched a nerve with some residents.
Central Gardens, LLC, submitted an application Aug. 8 to develop the one-, two- and three-bedroom apartments in two buildings on land in a development at the southwest corner of Hood Road and Central Boulevard. The complex will have a large clubhouse, pool and putting green. The rents weren’t available.
The plan still needs city approval before the development can proceed.
In comments on the Post on Palm Beach Gardens Facebook page, people spouted off about plans for more high-end real estate and said the city needs more homes for middle-class families. Here’s a sampling of the comments:
Beverly Avery Gregory described the situation as she sees it: “Stop it already. We don’t need anymore ‘luxury apartments.’ We need neighborhoods for families and real people.”
Dolores Brihn expressed similar sentiments: “We don’t need more apartments for the wealthy. We need to vote some of those who keep giving the OK to such plans OUT.”
Carol Mattern had a simple but emphatic response: “No, no and NO!”
Palm Beach Gardens Planning Director Natalie Crowley said the market rates for housing stock are driven by supply and demand. The price point for developers’ stock involves the price of land, lending conditions and supply and demand – a lot of factors that are outside of the city’s control.
“The fact that we have new homes being provided and being introduced into the markets helps with price points, because it helps with supply and demand,” she said.
The city has initiatives to look out for low- to moderate-income housing needs as well, she said. A community development grant will help pay for the city’s efforts to maintain homes owned by lower- and middle-income residents.
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