Solera at City Centre residential development rental community will be a 136 unit Class A multifamily rental community to be developed on the vacant Parcel F of the existing City Centre PUD located at the Southwest corner of PGA Boulevard and U.S. Highway 1. This location offers convenient walkability to a nearby restaurant, brewery, office, retail and grocery locations, and is also located to a nearby private school. There will be a single midrise (four-story) elevator building that will be constructed over a ground level of parking for a total building height of five stories. Three sides of the building will surround a central courtyard with a spacious community swimming pool, deck area, and landscaping, while the fourth side will be the resident clubhouse. There will also be exterior surface parking.
The unit mix will consist of 76 1BR/1B units, 52 2BR/2B units and 8 3BR/2B units. Unit sizes will range from 700 sf for the smaller 1 BR unit model to 1,250 sf for 3 BR units. All units will feature 9 ft. ceilings, tile & wood plank flooring, stainless steel appliances, granite countertops, bedroom ceiling fans and energy and water conservation features designed to lower monthly resident utility bills. The 5,000+ sf clubhouse will offer a community room for property functions, management office, fitness center, yoga and spin room, conference room and cyber café. There will be Wi-Fi service throughout the common and pool areas. Architectural, engineering and site planning services are being provided respectively by Corwil Architects of Coral Gables, McLeod, McCarthy & Associates of West Palm Beach and Urban Design Kilday Studios of West Palm Beach.
An important element of the planned development is a set-aside for essential services housing. Ten percent (14 units) of the community will be set aside at reduced rents for households with an annual income of less than 120% of the 2018 area median income (AMI) for Palm Beach County for 1 BR units ($69,300 income) and 2 BR units ($83,160 income). Initial rents in the set-aside units will be $125 below market for the 1 BR units ($1,525) and $250 below market for the 2 BR units ($1,775), and are also well below the 120% AMI rent limits for these unit types. Essential services households that will be targeted include teachers, police, firefighters and EMS, nurses and local government staff.
The essential services housing set-aside equates to 35% of the additional mixed-use PUD density being requested by the developer. The 120% AMI rent restriction will be enforced through a recorded deed restriction that will remain on the property for a 20 year period and remain in force for any sale of the property. Compliance will be monitored on an annual basis through a third party that will report to the City and which will be contracted and paid for by the property owner.