Project Data: CityPlace

General Information

<table>
  <tr>
    <td>Project type</td>
    <td>New town center for an existing city</td>
  </tr>
  <tr>
    <td>Web page</td>
    <td>http://www.cityplaceweb.com/</td>
  </tr>
  <tr>
    <td>Location</td>
    <td>West Palm Beach, Florida, on Okeechobee Boulevard, just east of I-95</td>
  </tr>
  <tr>
    <td>Acres/hectares</td>
    <td>72.9/30</td>
  </tr>
  <tr>
    <td>Parking</td>
    <td>3,300 spaces in four parking garages— approximately 5.5 spaces per 1,000 square feet (93 square meters) of leasable retail space</td>
  </tr>
  <tr>
    <td>Investment to date</td>
    <td>$550 million ($220 million retail component)</td>
  </tr>
</table>

Owners

CityPlace Partners, New York; the Related Companies, L.P., New York; the Palladium Company, New York; the O'Connor Group, New York; the Related Group of Florida, Miami; the Ohio State Teachers Retirement System; the City of West Palm Beach

Developer

The Palladium Company, New York

Master Planners and Architects

Elkus/Manfredi Architects Ltd., Boston (cultural arts center: Rick Gonzalez, REG Architects)

Landscape Architect

Bradshaw Gill & Associates, Ft. Lauderdale

Commercial Uses

Building Area by Type of Use

<table>
  <thead>
    <tr>
      <th>Use</th>
      <th>Square Feet/Square Meters</th>
    </tr>
  </thead>
  <tbody>
    <tr>
      <td>Retail</td>
      <td>600,000/55,740</td>
    </tr>
    <tr>
      <td>Office (three buildings)</td>
      <td>750,000/69,680</td>
    </tr>
  </tbody>
</table>

Retail Uses

<table>
  <tr>
    <td>Number of establishments</td>
    <td>78</td>
  </tr>
  <tr>
    <td>Lease rates<br>(per square foot/square meter)</td>
    <td>Low $30s/low $300s</td>
  </tr>
  <tr>
    <td>Tenant mix</td>
    <td>Balanced mix of national chains<br>(including Barnes & Noble, FAO Schwarz, Macy's, Pottery Barn, and Restoration Hardware) and unique local and regional establishments; a Publix supermarket; ten restaurants</td>
  </tr>
  <tr>
    <td>Range of shop sizes</td>
    <td>Most smaller shops range from 200 to 3,000 square feet (19 to 280 square meters), with a half-dozen larger stores and restaurants</td>
  </tr>
</table>

Hotel Uses

440 rooms (planned)

Residential Uses

<table>
  <thead>
    <tr>
      <th>Unit Type</th>
      <th>Number of Units</th>
    </tr>
  </thead>
  <tbody>
    <tr>
      <td>Private townhouses</td>
      <td>51</td>
    </tr>
    <tr>
      <td>Garden apartments</td>
      <td>33</td>
    </tr>
    <tr>
      <td>Luxury rental apartments</td>
      <td>128</td>
    </tr>
    <tr>
      <td>Mid-rise rental apartments</td>
      <td>264</td>
    </tr>
    <tr>
      <td>Rental flats</td>
      <td>38</td>
    </tr>
    <tr>
      <td>Live/work lofts</td>
      <td>56</td>
    </tr>
    <tr>
      <td>Total</td>
      <td>570</td>
    </tr>
  </tbody>
</table>

Civic Uses

Harriet Himmel Gilman Theater for Cultural and Performing Arts, a
central plaza, and assorted small urban open spaces

Development Schedule

<table>
  <tr>
    <td>City contract awarded</td>
    <td>1996</td>
  </tr>
  <tr>
    <td>Ground breaking</td>
    <td>December 1998</td>
  </tr>
  <tr>
    <td>Opened</td>
    <td>October 2000</td>
  </tr>
  <tr>
    <td>Buildout date</td>
    <td>2003</td>
  </tr>
</table>

Notes

1. The master plan was eventually developed by Duany Plater-
Zyberk & Company and by the Gibbs Planning Group.

2. Carole Clancy, "CityPlace Architect Draws Inspiration from Italy," *South Florida Business Journal*, May 15, 1998, 3A.

3. Addison Mizner (1872-1933) was a Florida architect and developer who popularized Mediterranean architecture in Boca Raton and South Florida—particularly the Spanish Colonial style, which he employed in projects such as the Cloister Inn of Boca Raton.

4. Clancy, "CityPlace Architect."

5. Ibid.

6. Ibid.

7. Darcie Lunsford, "CityPlace Sparks Downtown Homes,"
*South Florida Business Journal* (Miami-Dade edition), May 1,
1998, 1A, 2.