"The development team asked the board of Briny Breezes for an extension so that we could further evaluate the issues of compatibility and density, as extensively detailed by the Florida Department of Community Affairs (DCA) in their response to the Town's Comprehensive Plan Amendment," H. Logan Pierson, Ocean Land's vice president of acquisitions, says in a statement. "Among other reasons, the additional time was requested to enable us to meet with relevant civic and political leaders so that we could respond to the concerns of the DCA and of our neighbors. Though we certainly respect the board's decision, we are disappointed that they did not recognize the need for these extra days. The DCA process has been extraordinary in its depth and detail. Our response must be as rigorous and thorough.

"To say that we are saddened with Briny's reluctance to grant us an extension is a tremendous understatement," Pierson adds. "The extra time would permit us to confer with the neighboring communities, which is clearly mandated by the recent DCA report. Meeting with the neighboring towns and interested parties is an integral part of the process as well as the most time consuming."

He explains that during due diligence, Ocean Land executives learned that the company's original plan for Briny Breezes would have to be reduced. He adds that the company still supports the Briny Breezes redevelopment and Ocean Land executives have asked Palm Beach County Commissioner Mary McCarty for help in meeting with neighboring towns Gulf Stream and Ocean Ridge to address some concerns, which has been set for Aug. 22, according to a release.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.