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Article Courtesy of The Palm
Beach Post
By GRETEL SARMIENTO
Published December 25, 2007
BOCA RATON — A condo conversion project once known
for its promised luxury and later more notorious for the years it lay
untouched and unfinished, might now become an age-restricted apartment
complex known as Parc at Eden.
Eden developer Ceebraid-Signal submitted a new
preliminary plan Friday for the never-completed condo conversion project
across from city hall on Palmetto Park Road. The plan shows a total 193
independent-living units and 86 assisted-living units.
In September, Atlanta developer Roy Dickson, with
Parc Communities, said he would take over the four-building complex and
transform it into a luxurious rental community.
It would have a media center, a workout center and a
dining facility, and would consist of independent-living as well as some
assisted-living units.
The buildings, at 300 W. Palmetto Park Road, are now
separated but would be connected and upgraded to have a fully automatic
fire sprinkler system.
Those are the features Dickson spoke of then. Now
they are no longer mere suggestions: they are part of the plan the city
received last week. It will be discussed by city staff Jan. 3 at 9:30 a.m.
in the second floor conference room in city hall.
According to an agreement with the city dated Sept.
21, Eden representatives were required to submit any modified plans for
the project within 90 days, a period that ended Friday. Also at that time,
they were supposed to post a $250,000 letter of credit.
Ceebraid submitted the plans but failed to post the
letter of credit. The city has sent the developer a letter of default
giving it 15 more days to do so.
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