Drury Development Co. Proposes Two-Phase Mixed-Use Venture in Palm Beach Gardens, FL

In spring 2019, Drury Development Co. purchased a 13.73-acre property for $16.5 million. The property was previously called “Loehmann’s Plaza.” Now, the Missouri-based firm hopes to replace the plaza with a two-phase mixed-use venture.

The property was acquired for over $16 million in 2019.

After demolishing the plaza (along with its now-vacant movie theater), Drury Development Co. will start on the venture’s first phase, which will offer a 292-room Drury Plaza Hotel. Per the South Florida Business Journal, the hotel would measure nine stories above grade and require more than 160,000 square feet of new construction. This will be the first Drury Hotel in Palm Beach County.

In addition to the hotel, plans are underway for a separate restaurant building and an eight-story apartment building with 315 rooms. Residences range from studios to multi-bedroom units. Some will be designated as “workforce housing” units. Plans also indicate a multi-story parking garage.

Loehmann’s Plaza, which was built in the 1980s, could make way for the new development.

The second phase will feature multiple structures; among them, a seven-story commercial/retail building, 6,500 square feet of restaurants, 6,700 square feet of retail, and a seven-story parking garage, per The News 24. In total, there the venture will offer more than 600 parking spots.

Drury Development Co. is working closely with Song + Associates and Urban Design Studios on the venture’s design. As of February 22, 2022, the city had not officially approved the project. Some sources note that the redevelopment was “seeking zoning variances.”

The venture’s proposed address is where the former Loehmann’s Plaza stands, located at 4050, 4076, and 4145 PGA Boulevard, Palm Beach Gardens, Florida, 33410, in Palm Beach County.

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