ANNUAL STATUS REPORT 1987
M E M 0 RAN DUM
March 18, 1988
TO
FROM
SUBJECT
Canmen S. Annunziato, Planning Director
Peter L. Cheney, City Manager
Quantum Park
Attached for your infonmation is a copy of a letter from David Pressley con-
cerning the Quantum Park Development Order and Industrial Tenanats.
v~ e?- ~
Peter L. Cheney
PLC lat
cc Betty Baroni, City Clerk
Attachment
RECEIVED
.. 21 19&P
PLANNh'4G OE~f
-
--..;:
LAW OFFICES
MOYLE, FLANIGAN, KATZ, FITZGERALD & SHEEHAN, P A.
KAREN LEV'N ALEXANDER
T....OMAS M BEASON
PETER L. BRETON
ROBERT BRODY
E COLE FITZGERALD, !II
..JO.....N F' FLANIGAN
AND~EW I="ULTON ill
JAMES PATRICK GARRITY
MYRA GENDEL
TIMOTHY P HOBAN
MARTIN V KATZ
WILLIAM B. KING
RONALD K. KOLlNS
USA MILLER LAYMAN
STEVEN A. MAYANS
..JON C, MOYLE
DAV'D S, PRESSLY
MARK E, RAYMOND
THOMAS A, SHEEHAN III
DONNA H STINSON
MARTA M, SUAREZ MURIAS
VIRGINIA L. VANCE
NANCY KAREN VORPE
9TH FLOOR BARN ETT CENTRE
625 NORTH FLAGLER DRIVE
POST OFFICE BOX 3888
WEST PALM BEACH, FLORIDA 33402
TELEPHONE (305) 659 7500
TELECOPIER (305) 659 1789
TALLAHASSEE OFFICE
SUITE ICO, THE PERKINS HOUSE
18 NO"'TH GADSDEN STREET
TALLAHA..SSEE. FLORIDA 32301
TELEPHONE (904) 681 3828
February 2, 1988
Mr Peter Cheney, City Manager
City of Boynton Beach
211 So. Federal Highway
Pineland Plaza
Boynton Beach, FL 33435
Re
Development Order Adopted by The City of Boynton
Beach for Quantum ParK at Boynton Beach (f/K/a
Boynton Beach Park of Commerce)
Dear Mr
Cheney
are
the
In accordance with the above-referenced
hereby given notice that there were no
Park during the calendar year 1987
Development Order, you
industrial tenants in
Sincerely,
J>cU/c ~~
David S. prest.tl.Y
DSP/dl
cc Steven I'V
George ~v
Deutsch, Esa
Zimmerman
RECEIVED
FEB q 'ClO~
crTY MANf\l..._a'...;
3049Z/l
LAW OFFICES
MOYLE, FLANIGAN, KATZ, FITZGERALD & SHEEHAN, P A
9T," FLOOR. BARNETT CENTRE
KAREN LEVIN ALEXANDER
THOMAS M BEASON
PE"'!"ER L BRETON
F=lOBERT BRODY
E, COLE F'TZGERALD ill
,JOHN ~ FLANIGAN
ANDREW FU L -ON m
JA"""ES PATRICK GARRITY
MYRA GENDEL
TIMOTHY P HOBAN
MARTIN V KATZ
WILLIAM B. r<ING
RONALD K. KOLlNS
LISA MILLER LAYMAN
STEvEN A. MAYANS
JON C, MOYLE
DAVID S, PRESSLY
MARK E. RAYMOND
THOMAS A. SHEEHAN, ill
DONNA H STINSON
MARTA M. SUAREZ MURIAS
VIRGINIA L. VANCE
NANCY KAREN VORPE
625 NORTH FLAGLER DRIVE
POST OFFICE BOX 3888
WEST PALM BEACH FLORIDA 33402
TELEPHONE (305) 659 7500
TELECOPI ER (305) 659 1789
TALLAHASSEE OFTICE
SUITE 100. THE PERKINS HOUSE
118 NORTH GADSDEN STREET
TALLAHASSEE. F'LORIDA 32301
TELEPHONE (904) 681 3828
February 24, 1988
Mr. Peter Cheney, City Manager
City of Boynton Beach
211 So. Federal Highway
Pineland Plaza
Boynton Beach, FL 33435
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Re
Quantum Park at Bovnton Beach -
Annual DRI Status Report
~...~_...-....
Dear Mr. Cheney
/
Enclosed please find the 1987 Annual Status Report for Quantum
Park at Boynton Beach. This Report is submitted in accordance
wi th Chapter 380, Fla. Stats. (1987) and the Deve lopment Order for
the development.
Sincerely,
~~z
DSP/dl
Enclosure
cc Department of Community Affairs (w/enc )
Treasure Coast Regional Planning Council (w/enc )
South Florida Water Management District (w/enc )
Department of Environmental Regulation (w/enc )
Department of Natural Resources (w/enc.)
Florida Game and Freshwater Fish Commission (w/enc
2104P/l
~\
..
ANNUAL STATUS REPORT
REPORTING PERIOD JANUARY I, 1986 to DECEMBER 31, 1987
QUANI'UM PARK AT BOYNIDN BEACH
DEVELOPMENT f/k/a BOYNIDN BEACH PARK OF a.::MvtERCE
NAME OF DRI
LOCATION:
PALM BEACH COUNTY
COUNTY
BOYNTON BEACH
CITY
DEVELOPER: NAME: OUANIUM ASSOCIATES, a Florida General Partnership
ADDRESS: 2455 E. SUNRISE BLVD. SUITE 1106
FT. LAUDERDALE. FLORIDA 33304
I.) Describe any changes made in the proposed plan of development. phasing.
or in the representations contained in the Application for Development
Approval since the Development of Regional Impact received approval. Please
note any actions (substantial determinations) taken by local government to
address these changes.
Note: If a response is to be more than one sentence. attach as Exhibit itA" a
detailed description of each Change and copies of the modified site plan
drawings. Exhibit "A" should also address the following additional items if
appllcabl e:
a) Describe changes in the plan of development or phasing for the reporting
year and for the subsequent yearsi
b) State any known incremental DRl applications for development approval or
request for a substantial deviation determination that were filed in the
reporting year and to be filed during the next year;
c) Attach a copy of any notice of the adoption of a development order or the
subsequent modification of an adopted development order that was recorded by
the developer pursuant to Subsection 380 06 (14), F S.
Response
SEE EXHIBIT "A" ANNEXED HERETO
2) Has there been a ch3nge in local government jurisdiction tor ~nv portian
of the development since the development order was issued? If so h3S the
annexing local government adopted a new Development at Regional Impact
development order for the project? Please provide a copy at the order adopted
by the anne~ing local government
Response
There has been no change in local government jurisdiction.
----~----~._._--
:,~\ .'
3) Provide copies of any revised master plans. Incremental site plans. etc..
not previously submitted.
Note: If a response If to be more than one or two sentences. attach as
Exhibit "B".
Response: A copy of the revised Master Plan is attached as a part
of Exhibit "A".
4) Provide a summary comparislon of development activity proposed and
actually conducted for the reporting year.
Example: Number of dwelling units constructed. site improvements. lots sold.
acres mined. gross floor area constructed. barrels of storage capacity
completed. permits Obtained. etc.
Note: If a response is to be more than one sentence. attach as Exhibit "C".
Response: SEE EXHIBIT ;'C" ANNEXED HERETO.
5) Have any undeveloped tracts of land in the development (other than
Individual Single-family lots) been sold to a separate entity or developer?
If so. identify tract. Its size. and the buyer Please provide maps which
show the tracts involved
Note If a response is to be more than one sentence. attach as Exhibit "0"
Response No undeveloped tracts of land in the development were
sold during 1987
lie;
6) Describe any lands purchased or optioned adjacent to the original
Developmencof Regional Impact site subsequent to issuance of the development
order. Identify such land. its size, and intended use on a site plan and map.
Note: If a response is to be more than one sentence. attach as Exhibit "E".
Response: SEE EXHIBIT "E" ANNEXED HERETO.
7) List any substantial local. state. and federal permits which have been
obtained. applied for. or denied. during this reporting period. Specify the
agency, type of permit. and duty of each.
Note: I f a response is to be more than one sentence. attach as Exh i bit "F"
Response: SEE EXHIBIT "F" ANNEXED HERETO
8) Assess the development's and local government's continuing compliance with
any conditions of approval contained in the ORl development order. and assess
the developer's commitments, as contained in the application for development
approval. which have been identified by the local government, the Regional
Planning Councilor the Department of Co~rounity Affairs as being significant
Note Attach as Exhibit "G"
Response SEE EXHIBIT "G" ANNEXED HERETO
;;.
9) Provide any information that is specifically required by the Development
Order to be included in the annual report.
Response: SEE RESPONSE TO ITEM (15) BELOW.
10) Provide a statement certifying that all persons have been sent copies of
the annual report in conformance with Subsections 380.06 (15)and (18).
F.S.
Response: The undersigned, on behalf of the Developer, certifies
that all persons have been sent copies of this Annual
Status Report, in conformance with 380.06 (15) and
(18), Fla. Stats. (1987).
(15) Development Order Requirement
As part of the annual report required under Section 380.06 (18), Florida
Statutes, the developer shall provide a list of all industrial tenan~s,
including a description of their activities and the four digit standard
Industrial Classification Code applicable to the operation. A copy of this
list shall be provided to the Oeparmtnet of Environmental Regulation, the
South Florida Water Management District, the City of Boynton Beach. and the
agency delegated the authority for maintaining, updating, and verifying the
master files for hazardous waste generators in Palm Beach County.
Response: SEE EXHIBIT "H" ANNEXED HERETO.
Person completing the ouestionaire ~at~~~~
Title AGENT/ATTORNEY
Representing
QUANTUM ASSOCIATES, a Florida General Partnership
Original.
Copies
City of Boynton Beach
Treasure Coast Reg10nal Plann1ng Counc1l
Department of Community Affa1rs
Department of Environmental Regulat10n
South Florida Water Management District
Department of Natural Resources
Florida Game and Freshwater Fish Commission
0$
,
~
EXHIBIT "A" TO ANNUAL STATUS REPORT
1 There were no changes in the plan of development or
phasing for the reporting year
2 On November 12, 1987, Quantum Associates fi led with the
Ci ty of Boynton Beach a request for an Amendment to the Park's
Master Site Development Plan, together with a request for a
finding that the amendment did not constitute a substantial
deviation under ~380 06(19), Fla Stats (1987) This
Application, a copy of which is attached hereto, was also filed
with the Department of Community Affairs and with The Treasure
Coast Regional Planning Council The Amendment was approved by
the City of Boynton Beach on February 2, 1988
3 The Notice of Modification of Adopted Development Order
will be recorded in the Public Records of Palm Beach County within
the next 10 days
2l05P/l
MASTER SITE
DEVELOPMENT PLAN
QUANTUM CORPORATE PARK
AT BOYNTON BEACH P.I.D.
NOVEMBER 12, 1987
Prepared by
QUANTUM ASSOCIATES
In Consultation with
RICHARD L BOWEN & ASSOCIATES, Planners and Engineers
BRADSHAW GILL & FUSTER, Landscape Architects
ROSSI & MALAVASI ENGINEERS, INC , Civil Group
KIMLEY-HORN AND ASSOCIATES, INC , Traffic Engineers
GOODKIN RESEARCH CORPORATION, Economic & Marketing Analysis
COGNETICS, INC , Marketing
~----
-~- ----
t1ASll:R SIll: DEVEL~ENT PLAN
Quantum AssocIates Is pleased to submit herewith the Proposed Amended Haster
Site Development Plan. It is consistent with the Amended Plan filed with the
CIty of Boynton Beach on July 7. 1986. approved by Ordinance B6-37 passed on
October 21. 1986. Furthermore. the plan fs consistent with the original
approved DRI Haster Plan and Plan Amendment #1. reviewed and approved on
June 3. 1986.
The proposed revisions to the Plan involve two basfc elements - lot size and
the location of the Sand Pine Preserve land use. The first of these issues
relates directly to the current market conditions in Boynton Beach
specifIcally and South Florida in general. The demand for Industrial
properties ranging in size from 1 1/2 to 2 acres is sfgnificant. Quantum
Associates desires to meet this market demand without compromising the quality
of development and building standards originally contemplated This Amended
Haster Site Development Plan accomplishes our goals.
Attached hereto is a report prepared by John C Halliday III. Quantum's Vice
President of Sales and Harketlng. He has led all sales efforts on Quantum
Park for the last eighteen months In addition. he has conducted numerous
marketing analyses with the two consultants we have used in this area -
Goodkin Research and Cognetles. Jne His report excerpts various portions of
the consultant studies that specifically address the need to provide smaller
industrial parcels In the marketplace.
The remaining changes illustrated in the Amended Haster Site Development Plan
have to do with a redistribution of land uses within Quantum Park. The
redistribution was created out of Quantum Associates' desire to preserve an
area of Sand Pine Scrub that was more desirable to the public. and al I
reviewing agencies. than the scrub that had been initially set aside in our 40
acre preserve For these reasons. existing development lots #65 and 66. south
of N W 22nd Avenue have been designated a preserve area In so doing. the
less desirable scrub areas of the 40 acre preserve have been changed to a
detention area and development area To further balance the overall land
plan. four water management areas that had been previously designated as lakes
have been revised to development areas
The redistribution of water management areas wll I require a revision to our
existing South Florida Water Hanagement Construction Permit Such revision
has been conceptually reviewed in a meeting with South Florida Water
Hanagement Although fInal approval Is contIngent upon the detaIled
engineering data yet to be submitted. they have provided encouraging support
for this newly developed plan
With respect to the new 14 3 acre Sand Pine Preserve area that wi 1 1 be
designated as part of our revised Ecological Plan. an on-site inspection was
held on Monday, November 9, 1987 In attendance were representatives of
Quantum AssocIates, Treasure Coast Regional Planning Council. and the City of
Boynton Beach It was determIned that the Sand Pine Scrub areas. staked In
the field. were more desirable as a preservation site than those areas
previously designated within the existing 40 acre Sand Pine Preserve for
these reasons, unanimous support of a revised plan incorporating this 14 3
acre preserve area was received
Diagram "A" on the following page indicates the areas of the plan that have
been revised to accomplish subdivision and those areas that have been revised
due to Sand Pine Scrub relocation. As shown, these reconfigurations have not
affected any of the major road arteries or any of the primary utility
distribution routes The only existing roadway in the plan that has been
affected Is the cul-de-sac roadway running west off of High Ridge Road which
has been eliminated The only roadways added to the plan have been minor cul-
de-sac roadways needed for proper subdivision. Diagram "8" Illustrates the
proposed plan, while Diagram "C" Illustrates the current approved Amended
Haster Site Development Plan.
Although land uses have been redistributed within Quantum Park overall, there
has been extremely little change In net land development As far as
development distribution Is concerned, there has been a net Increase of 4 8
development acres north of N W 22nd Avenue corresponding to a loss of 5.4
acres of development area south of N W 22nd Avenue Commercial land has
remained unchanged, while industrial property has Increased by 1 4 acres,
research and development Industrial property has decreased by 1.6 acres, and
office development property has decreased by .4 acres
Table #1 has been excerpted from the previous Amendments to the Haster Plan.
A fourth column has been added to Illustrate the comparative differences
between our currently proposed plan and the approved plan The effective land
utilization and tenant distribution has remained unchanged
Economic analysis
Previous mention has been made of the attached market report that indicates a
requirement for lot sizes ranging from 1 to 2 1/2 acres The report specifies
the need to address that segment of the market In order to accomplish the
absorption rates originally stated within the ADA/DRI Unless that segment of
the market can be tapped, the economic projections that were originally
established cannot be realized This is not to say that ultimate growth will
not be accomplished, only that the rate of growth within the region dictates
the requirement of flexibility that cannot be achieved with our current plan
Traffic analysis
Quantum Associates has analyzed the Proposed Master Plan Amendment to
determine whether the changes would cause any differences to those impacts
originally anticipated in the ADA/DRl and its subsequent amendments Previous
trip generation estimates were based on the proposed land uses and the overall
net usable acreage for each land use Trip generation rates were then applied
on a per acre basis to determine a gross trip generation for the project
Next, adjustments were made to account for internal trips between land uses
within the Park. and then the remaining external trips were assigned to the
area roadway network based on a projected directional distribution around the
site
- ---~ ---------------.-
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OIJ\GRAM "J\"
\
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\
\
.
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\ MASTER SITE DEVELOPMENT PLA
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III
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"._....00-...-.'..,.."'-'. 441 ~-
0.--...... .' _} c.. ._~~...~~..:..:.-~.~~~
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",. ...... - .. - . .....
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._. ---==--_ ". e,=-"'" ="""-
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AREAS REVISED DUE 10 RELOcATiON OF
SJ\NO PINE PRESERVE J\REJ\
AREAS REVISED FOR PURPOSES OF SUBDIVISION
.- .- - ~
- -
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0lJ00'NTU'" ~SOOAIES
-
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MASTER .SITE DEVELOPMENT PLAN
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Ouantum Associ<rtes
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DIAGRAM "B"
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7 .MY '986
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TABLE 1
COMPARISON OF LAND USE
AMENDED PLANS/ADA/OR I PLAN
LAND USE
PLAN PLAN PLAN
ADA/DRI AMENDMENT AMENDMENT AMENDMENT
PLAN #1 #2 #3
Comnerclal
club (recreational) o 0 3 4 3.4 3 4
other comnerclal 27 6 27 0 26 3 26.3
OffIce 128 9 133 133 7 133 3
LI ght I ndustr 'a I
research & development o 0 53 3 46 2 44 6
other light IndustrIal 254 7 144 3 153 I 154.5
SUBTOTAL OF DEVELOPED ACREAGE 411 2 361 1 362 7 362
Lakes/wetlands/open space
Lakes 76 4 50 3 50 3 43 5
Detention area o 0 o 0 o 0 13 1
Wetlands 5 8 6 0 6 0 6 0
Sand pine preserve o 0 40 0 40 0 40 0
City park & other space o 0 48 6 43 9 37 6
Roads 46 5 33 9 37 0 37 6
TOTALS
539 9
ACRES
539 9
ACRES
539 9
ACRES
539 9
ACRES
The original analysis did not anticipate or assume any specific lot sizes.
Rather. It assumed a unIform densIty per acre based on surveys conducted by
the Institute of Transportation Engineers Assumptions were made for the
office trIp generatIon rates because specifIc guIdelInes on a per acre basis
were not available for office use
SInce lot sizes were not Involved In the trip generation estimates. and
guidelInes are not avaIlable from ITE to determIne how trip generation mIght
be affected by lot sizes. no change In the originally anticipated
transportatIon Impacts wIll result from thIs Haster Plan change
Klmley-Horn and Associates. Inc. concur In this analysis. as Is evIdenced by
the attached letter from John Bendltz. The traffIc analysiS provided with
Amended Haster Plan #2 remains valid and Is attached hereto for your reference
In revIewing thIs latest Amendment
Kimley.Horn and Associates, Inc. 4431 Embarcadero Drive, West Palm Beach, FL 33407. (305) 845-0665l
Wes. Palm Beach, Tampa, Orlando. Fllauderdale, Miami, Palm City,
Raleigh, Durham, Charlotte, Nashville, Dallas. Austin, Phoenix
November 12, 1987
4757.01(l5)P87-50
Mr. Peter Flotz, P .E.
Quantum Park
2455 East Sunrise Boulevard
Suite 1106
Fort Lauderdale, Florida 33304
Dear Mr. Flotz:
,
\
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RE: Quantum Park Master Plan Revisions
As requested by you, we have completed a traffic impact comparison of your
proposed revised site plan. Our review compared land use by acre associated with
the adopted plan as compared with the proposed plan.
The results of our review indicated a reduction in both office and industrial
acreage which will be a net reduction in traffic. Further, there will be no
significant change in traffic in the specific areas of the plan that are being revised.
If we can answer any questions, please contact us.
Very truly yours,
KIMLEY~~SOCIATES' INC
~enditz, P E
~at[e
JFB/RRP:mec
cc Steve Oenbrink
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~t[JfJ[)O@r!!o [}{j@!1fJiJ
Kimley-Ho,n and Associates,/nc. 4431 Embarcadero Drive, West Palm Beach, FL33407 - (305) 845-0665
West Palm Beach. Tampa. Orlando. Fl Lauderdale. Miami. Palm Cily.
Raleigh. Durham. Chartan.. Nashvill.. Dallas. Austin. Phoenill
July 3, 1986
447906(07)fT021-49
Mr. George Zimmerman
Deutsch Ireland Properties
Suite 1106, International Building
2455 East Sunrise Boulevard
Fort Lauderdale, Florida 33304
Re: Boynton Beach Park of
Commerce (Quantum)
Traffic Analysis Update
Dear Mr. Zimmerman:
As requested by you, we have updated the traffic analysis for the above referenced
project to reflect the most recent site plan changes (plan dated June 23, 1986). these
changes reflect an internal roadway network change south of NW 22nd A venue Our
review also included the specific use for a 55.0 acre industrial parcel
(Warehouse/Distribution Center) also south NW 22nd Avenue.
The traffic generated by the updated site plan was assigned to the revised roadway
system (No change in traffic distribution would result from the plan revisions) the
external impacts had no change but the intersections along NW 22nd Avenue within
the project will have some minor lane use changes. The peak hour traffic volumes and
the intersection needs for the revised network are depicted on the attached sketch.
Also enclosed with this letter are the critical path capacity analysis computer printouts
showing the level of service at each intersection
Regarding the warehouse/distribution center, it should be noted that this is a
use assumed within the industrial category reflected by the ITE traffic generation rates.
Therefore the use was already considered by the traffic studies and updates which have
been completed, including this update
Enclosed under separate cover is an appendix to this letter report containing traffic
assignment update work sheets Please let us know if you or the City of Boynton Beach
has a question regarding this l'cport
VNY truly yours,
JRZ/nan
^ ttachmcnts
I~ :\lLCY-IIORN AND ASSOCIATCS, INC
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_._--~._.------------
MARKETING REPORT
QUANTUM CORPORATE PARK
JOHN C HALLIDAY III
VICE PRESIDENT OF SALES AND MARKETING
OCTOBER \, \ 987
QUANTUM CORPORATE PARK
MARKETING REPORT
An evaluation of market conditions and prospect activity for Quantum Corporate
Park during the past twelve (12) months Indicates a need for greater
flexibility in land sales. The following overview of factors affecting past
sales activity provide recommendations for enhancing the success of future
efforts Direct quotations from exhibits prepared by our marketing
consultants, attached hereto, have been used to support the conclusions.
Prospect Activity
During the past twelve (12) months, our marketing program has identified
approximately seventy-four (74) qualified prospects expressing an interest in
locating their operations In the Boynton Beach/Palm Beach County market.
These are primarily Industrial users Of these, twelve (12) have indicated a
preference for leasing space.
The lease requirements range from 5,000 to 80,000 square feet, with an average
of approximately 8,250 square feet and can be satisfied by leasing space in a
multi-tenant bUilding, built on parcels of three (3) acres plus.
The balance of sixty-two (62) are in the market to purchase a site. Of the
sixty-two (62) purchase requirements, thirty-five (35) are in the market for
sites ranging from 1+ to 2.5+ acres This represents approximatelY fifty-six
percent (56~) of this total identified market. With only three (3)
exceptions, all of Quantum Corporate Park's industrial classified sites are
three (3) acres or greater This disparity between Inventory and demand
Indicates a need to develop a plan to accommodate these prospects Below is a
table showing the exact distribution of the Identified prospects requiring one
(1) to three (3) acres
Acreage
10- 1 5
1 5 - 2 0
20- 2 5
25- 3 0
# of Prospects
13
8
8
6
Total
35
These alone represent over fifty-six (56) acres of total requirements
The only way we can currently accommodate these prospects is by sub-division
of existing larger lots This is a difficult process with specific
I imitations on the number of times It may be done
Goodkln Research Corporation Study
In a study done by Goodkln Research Corporation, a nationally recognized real
estate advisory firm. Quantum Corporate Park was analyzed for market
feasibility. potential, and recommended marketing strategy
-------~._------ -. -
- 2 -
Certain aspects of the local competitive market, and the market factors
influencing their development strategies, were specifically noted Host
obvious of these is the fact that most competitors offer smaller lots in the
one (1) to two (2) acre range (see Exhibit "A").
From its initial conception Goodkin Research has recommended that Quantum
Corporate Park give strong consideration to platting lots in the 1 25 acre to
2 0 acre range because of the flexibility it provides in addressing the market
segment.
Coqnet i cs, 1 nc.
An important factor in determining a project's development strategy is local
economic growth trends. The internationally recognized research firm,
Cognetics, Inc., has provided a valuable analysis of the local market to
Quantum Associates Headed by Dr David Birch and affiliated with the
Massachusetts Institute of TeChnology, they are one of the best sources for
specific market data in the country Although their analysis is based on data
collected and analyzed over the past twenty years, they are most current with
regular updates and micro-site corrections
In relating to the Palm Beach County market, certain factors have been
identified which support the recommendations by Goodkin Research Corporation
mentioned earlier Exhibit "B" provides the context from which these
statements are taken
1. In Palm Beach County, small companies were the greatest net job
creators during the period for which the most recent micro detai I is
available (1980-1984) With nearly a seventy percent (70~) growth
rate in firms employing 0 - 19 people, they represent the users of
facilities ranging from 8,000 to 30,000 square feet Facilities of
this size are customarily built on parcels ranging from one (1) to
three (3) acres
2 Palm Beach County relies most heavily upon local independents for its
growth
3 Among establishments with an identifiable age, young companies
indicated the fastest rate of job gain
There is a clear indication of the need to be able to provide multiple options
to this very important market segment
Palm Beach County Development Board, Inc.
The final component of this report is an analysis of the prospect activity
being experienced by the Palm Beach County Development Board, Ine Its
"leads" come from initiatives undertaken by both the local organization and
the Florida Department of Commerce
- 3 -
An analysis of their most recent report, focusing on 1987 activity, Indicates
that approximately fifty percent (50~) of their prospects are In the market
for facilitIes of 35,000 square feet and less Again, at 15,000 square feet
of buIlding to an acre, thIs translates to approximately 2.5 acres or less
(see ExhIbIt "C").
ConclusIon
Based on our past prospect activity, that experIenced by the Palm Beach County
Development Board, lnc , and the Information gleaned from the Goodktn and
Cognettcs studtes, tt must be concluded that a large segment of our target
market wIll be the smaller user requiring between one (1) and three (3) acres.
Since Quantum Corporate Park has only three (3) Industrial classifIed sites
less than three (3) acres, we are missing a large segment of the market. It
Is, therefore, recommended that we develop a program to provide sites from
approximately 1 to 2.5 acres, thereby, encouraging faster absorption, and more
qutckly providing jobs and economic growth to the region
GOODKIN RESEARCH CORPORATION -Advisors to The Real Estate and rinonciallndustries
MARKET FEASIBILITY OF THE DEVELOPMENT
POTENTIAL AND MARKETING STRATEGY REGARDING
BOYNTON BEACH PARK OP COMMERCE
Prepared for:
BOYNTON PARK OF COMMERCE ASSOCIATES
GOOdkin BUIldIng, 275CQCTlmerciollJoule'/ord loudcrdo1oby lho'~o Flolldo JJJOa (305) I1Q3 5011. M,omlQI10 6C06
EXHIBIT A
-----------
-- ---- ------------
1-25
LOT SIZES AND LAND PRICES
According to the preliminary Master Plan or the Boynton Beach Park of
Commerce, the park is divided into large 10:. acre lots Our competitive survey shows
that with the exception or Arvida Park oC Commerce's 5: acre tracts, most
competitors orrer one to two acre tracts, refiecting strong demand by relatively small
users. While we Ceel there is a need for large tracts (and our projected absorption
rates assume that the developer will be able to attract several large occupants), it is
important that the developer is also able to satisfy the demand by potential occupants
requiring minimum lot sizes of roughly 1.25 acres. In order to achieve the marketing
nexibility required in a project of this size, it is strongly recommended that the land
plan be amended to meet the needs of these market segments. It is advisable to plat
relatively small and combine lots, as opposed to platting mainly large tracts as this
could present more ot a problem when trying to split. In this respect, it is also
important to realize that, in general, smaller parcels tend to generate higher prices
per square foot than larger ones.
Depending upon such factors as size of parcel, location within the park,
financing, type of buyer/user, the recommended land price in present-day dollars
varies trom approximately $6.50 to $12.00 per square foot with an average or $8.25
per square toot. These prices are somewhat lower than those currently being quoted
at Arvida Park of Commerce, and roughly in line with Hillsboro Executive Center and
Corporate Park at Cypress Creek. Given the outstanding amenity mix planned (or the
development (e.g., golf course, day care center, meeting/conference facilities, health
club, restaurants/retail services), we feel that these prices are realistic and offer
potential occupants excellent "value"l
1
If an interchange is built at 1-95 ond N W 22nd A venue, land prices ot some of
the parcels could increase by as much as 10 to 20 percent.
or - , l
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-----
1-27
OTHER CONCLUSIONS AND RECOMMENDATIONS
Several additional comments relative to the projected absorption rates and
recommended strategy Collow:
o iven the diversified product mix, the land and marketing plan should be
highly fiexibile to enable the developer to make the necessary
modiCications over the liCe oC the project if and when changes in demand
occur within each product category.
o It is assumed that an aggressive and sophisticated national sales and
marketing program will be implemented, and that the developer will adopt
a mixed disposition strategy including offering speculative spaces for lease;
building to specification Cor a pre-determined use based on a lease, lease
with the option to buy, or purchase plan; and land sales to users and
developers.
o Since a sales program forms an integral part of the overall marketing
strategy, it is important that appropriate restrictive covenants be
implemented in order to maintain and enhance the quality and consistency
of the overall development. The restrictive covenants should, but not
necessarily, be limited to the following: type of use, location within
development, architectural design, landscaping, building-ta-land ratios,
parking requirements, entry treatments, signage and height restrictions.
"')
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Sout.h Flori 'a Pe...1 cst~le 1"'.Hkp.t.
Th~ S~uth Flor~~ econo~y is one of th~ nation's most active
and ~~citin9 mar~etDlaces. Over t~! len-)'e~r ~er iOj,
1~7~-~Z. the t~ree-ccunly are~ qrew ~Y ne~rly ~OO,O~O jobS --
a ~l% increase over its lQ7Z el'lDloyment b.1SP.. Translated
i n t 0 s 11 u are '0 0 t a ~ e, t hat m e .1 n S (c 0 n S ~ r vat i ., e I y) t hat n ear I y
'0 million SQIJarc 'eet of net np.w S:>c3ce were consurr.ea during
l~is Derio~ of exceotion~1 growth. And although expansion is
not likely to pp.rsist at historical levels, the areas does
t' r 0'" I set 0 con tin u e too f fer s i Q n i f i c d n t d eve I 0 pm en t
potential.
The I<~:f to caoilalizlng on this rlltential lies in t!'le ability
t? un1erstano the m~rketpl~ce -- in particular, to understand
not only the Qross oatterns of p.c~nomic Change, tut ",ore
imp 0 r tan t I y the my ria) 0' C om 0 I e I( i tie s wh i c h un u e r lie t his
a19re'1ate of loss or gain. Thus, .hi Ie I)rowth may be the
dorr.inant overall tren'J in the South Flori1a area, it is not
by ~ny means a universal p~enomp.non. Those who understand
this -- and whO possess the knowle~1e to reach out ~irectly
tot h P. po C k e t Sloth i c hot , e r th e 'J r P..I t est ~ 0 ten t j a I - - w i I I
have a distinct and obvious advantage.
We see this phenomenon Clearly in the case of the South
Florida example, beginning with the fact that there are major
dlfferr.nces simply In the overall character and growth
patterns of the three co~ponent counties -- Dade, Broward,
and Palm Beach. Dade and Palm Beach Counties are almost
opposites on a spectrum. the tormer being a mature but stil
volatile and healthy economy, and the latter being a brasn,
rast-growing upstart. ~roward County -- economically, as
w'!II a:i 9~o9r.)pnically -- lies SOI':1('oihere in the middle,
balancing Its stronQ yrowth against a fairly well estJbl/sh~d
r:'conomic base.
The tollol./ln9 report ta~es a more detaile1 look at tne
results or our -1nalyses or the lhrr.e counties. For each of
the Economic An.ll)'scs, a written summ.HY or the fin:::lings Is
presentee, alonq 'o/ith detailed data on historical and recent
e~ploy~~nt cha~?e in th~ target market.
_. .- ------ ~-~
I l 'lnl'''( \. Inr
1].) ("n\\Jttd'.t'I'.),. 1
r .vnhrld'l" '...1." ,1(1"1" t'll 11n
""((,101'\0
EXHIBIT B
- --~---------.
(-1 P"('P~~TIE5
F d I.., Ii e ~ c " C (" .
~ l "'... A ~ Y 'J c C ~ n \0' T -I T... H 0 S
The D;:!'m :1~ach C'::I. ~::C"lc.,y :orforr.~~ :ettpr tt-ar- the L.~. econo"'.,
d u r I n 1 t ~ eo 1 G 7 C · S .'\ r ~ ~. r 'y ~ '1 ~ G ' s . '" r: I I e l h p Lr S .J r ~ w t)... l~: r '! r C P. n t
durln~ t~~ 1q72-E2 ~ericr. ~s 1 4~oIQ. ! ll~ ~e~ch Co. Qre~ ~; prrcent.
;) 2 I rr ~ e 2 ~ .. Co. t '? r , I~ J tor'~ f I f' C t t ., e .,; ~ n e r =" I p .} t :. e r I" 0 t
chan~~ ~xoeri~rce1 "lati~r~ijp'
eycl iell
(' 'J f!. :J G J n J .\ r "ll. d I j r n ... .., ~ ate
Period Lt. S . ;>21r.. n~ac'" (' .:l . ( i , , prE nc e
lQ72-7~ 1. f :. . f) } . q
lQ76-~O 4.-; ~.7 5.2
lQeO-92 -.4 .c: . 4 'i.8
lo~2-P5 2.'5 'I . 1 5.~
Palm Be~c" Co.
major ~ro~th oerioe in
c1ir1 tetter lh:ln tr"! U.S. as a ..hole
1 I:, 7 to - F '), a n ~ a 1 air C IJ r i n ,1 the 1 q Q C -l:! 2
Jur i ng the
recession.
The ~I;ge~t contritLtcrs to tho P?I~ ?"'~Ch Co. Job b~se dur ing th~
1~72-Q2 per lort ..erp
~~~a~r
~!1_~f~_lD~~_~L~21~g
F ~ tin;: t ('I r in!. i n l~ P I ~ C p. S
4e~lt'" <":rvicF's
S r "! c I ;) I T r 1 C e ... c '\ t r o.J C tor <;
~~sin~~~ S~rvices
opal ~s."!~~
Tr3ns~C'rti1tion ~~t
Ge"er~1 Cc"traclors
Elpctric [ ElectronIC EODt.
Food Stores
"lise. Optail Tra(jt'
117~~
..6.~.J,l
_~ ~5 f.
C Qq'
---ol _ _ I
44" 4
--- ..
..!i 2. 2 ~_
_3722
_~ ?'\ 2
}442
-22J_1__
-1-
Eco..o~ic Change
Tne least effective cor,tr iDutors :-lave teen
~~~.t.~!.
~~1_~~n_12~~_~L~al~~
Heavy Constructio~
Te~ti Ie ~anufactLJr in,
Ston~,Clay.r.lass rroducts
Co~bin~c Investments
011 F.. Coal Products "'fg.
Forestry
Tobacco Pro~ucts ~f~.
Pioel ines
Q.ailroacs
Co,,1 ~ li9njl~ ~irin~
-51)3
-150
-It)
-34
-)It
-25
C
o
o
('
~~~L~~l_~t_~~1_12~_~L~~lh
It i'i irnoortant ~o ~nC-i ...tic, ~Incs at eOll'oanies, on balance, are
crerltir." net n'!w jC!)s. fy "en ~2.la'c~" W~ mt'an the net of new startups
anc ~~pansion! and reloc~tions into O~lrn beach Co. over the losses due
to Closings. layoffs, and out-~oves. We determine the net change by
e x a m I n I n g the b eh a v i 0 rot e a chi n '1 i v i j u a I l u sin e s sin the are a , net tin 9
the gains against the losses as wp. ~o.
~.t_~l~~
wp.re th~ reatest 'ob
reeen. micro e Il>
f!r~1~~~!:~1_.s1z~
~~ !_.J.Q .tL~_~ L!: il1~s1
P'!rcent Net
.JQU__~ts.tL9~
O-lQ
114f)P
6Q.8 I.
20-<; ~
t. q <J t
23.7
tc,(')- 40 '?
12 .\(
l'5.Q
5t'lO+
r' '\ I..
24 . 1
Unknown
1"1..1
120.5
TOT /. L S
l, f) :I r) 4
34.5
-c.-
--------~----------
Economic Change
~~_!~Q~_~!_Q~Q~t~hlQ
its
P211f: f\each C'J.
l'1rc.~I'l.
. -
rei i~s most heavi Iy upon
local
Independents
tor
2~~~!~~1~ ~~l_1~~1_~t~al~Q
Percent Net
lSt~__t.!:lQ!lg:
t~~eD~n~ent ZZQ70
3b.4 i.
Su~sidiary 131
2.0
Lccal Hea~~uarters 11313
b6.2
qra~c~ (Local ~C) -ze11
-37.0
9r~nc~ (~cn-Iccal He)
~71(j
4~.q
TjT.~L~
4')}13
34.5
f~_!.9~
~rrl)n~ establ i shments
Indll~lea tne rastest ral~
with
or JOo
an identifiable age, young companies
!;aln
Percent Net
Ac" .:.f 1_1.2121_i:. t~ al!:..s1 .J 2.~ __ tb 2Q S~
--"-
a-I. 3<;~30 172.9 %
5-~ -3260 -17.<1
~-ll -1542 -lb.6
12" -1414 -4.1
Url<nown f)~qo 21.7
---------------- ------------
rf TL L S 4C31J 34.5
-3-
Economic Change
~.iz~
The r:Jrea'test-nurr:ber--or ra~idly ~Jrowin9 eSlablls'"'ments are small:
'-0. r;aclaly Percent 0'
El"oloYll1e.,t Growing Rapitjly Growing
~14:______ f.l~~tll.1.t!!!~!!l.i f.i~~.t:ll.1h~~!l.t..1
O-lq 202 b 1. 8 l.
ZO-c;Q "3 lq.3
lO')-4Qq 27 8.3
SOO+ J(, ~.Z
IJrk n 0 wn c;. 1.5
...
-------------- - -------- -----
TOTALS 327 tOO.'')
C~a:t.1tlilL
t~ t~r~s of ~wnershio status.
I~rgest n'Jrrncr or rlsn-'.;ru",ers.
local
independer.ls represent the
!h:!l~!.~tl12
~ o. ~ a~ i d I y
Gro..,in9
f.~l:ltli~t!!!~o!.1
Percent of
"-aoidly Growing
f.~1~~li~tl!!!~!l1.1
Indeoendp.nt Firm
2. 22
b7.Q Yo
5ubslciary
f
2.4
Hf"a~qtJ::lrters of Firrr
60
lB.3
'3ranch cf Local Fir!!
Q
2.'3
f\r:Jnch of ~:on-Iccal Firrr
2P
e.b
TCTI.LS
327
100.0
-5-
-----.-----.------.-
PALM BEACH COUNTY DEVELOPMENT BOARD, INC
OROSPECT STATUS - JULY 15, 1987
NUM = DEVELOPMENT SOARD PROSPECT NUMBER - MADE LP OF' THE YEAR AND MONTH OF'
INITIAL CONTACT, FOLLOWED BY THE PROSPECT NUMBER.
STAT = STATUS - BASED ON A 1 - 10 SCALE, THE MJRE ACTIVE THE PROSPECT, THE
HIGiER THE NUMBER. THE FIRST NUMBER IS THE PREVIOUS STATUS,
FOLLOWED BY THE CURRENT STATUS.
ST = STATE WHERE PROSPECT IS CURRENTLY LOCATED
FDOC = PROSPECT WAS BROUGHT TO OUR ATTENTION BY THE FLORIDA DEPARTMENT OF
CQ.IMERCE
TYPE OF lNO. = THE TYPE OF INDUSTRY OR PRODUCT
NE~S = PROPERTY OR FACILrTY NEEDS OF PROSPECT
f}4PS = NUMBER OF ANTICIPATED 8R-DYEES
SOR = CONTACT SOURCE F=F'DOC, D=OIRECT CONTACT ,M--MARKETING OE?T., R=REFERRAL,
O=OTrER, C=O-tAtEER OF COtv'MERCE
NUM STAT ST TYPE OF IND. NEEDS EMPS SOR
84-05-108 10-10 OH STEEL LATH POLK COUNTY 45 0
84-02-112 10-10 NY N.C.C.!. BOCA RATON 500 0
84-08-116 10-10 TX GRANDY' S BOCA RATON 15 0
84-10-:'.20 10-10 NJ STANTa INFORM. SYS. DEERFIaO BCH. 50 0
84-11-126 10-10 MASTERlNOUSTRY AB BROWARD 2 0
84-12-131 10-10 FL PARKER HANNIFIN PHOENIX 40 0
84-12-132 10-10 NY BERRY VEAL COMPANY BOYNTON BEACH 50 0
85-01-134 10-10 IL HEAOQUARTE.ttS CALIFORNIA 100 0
85-10-165 10-~0 NJ AQ.\E PLASTICS BOYNTON BEACH 40 0
86-02-167 10-10 FL TRUCK TRAILERS MIAMI UK 0
86-01-169 10-10 NJ N. W . L. TRANSFORMERS RIVIERA BEACH 20 0
86-01-172 10-!-0 FL STUOIO, INC. LANTANA 0
86-02-181 10-10 FL PUBLIX BOYNTON BEACH 140 0
86-02-182 10-10 NY J. WALTER THOMPSON TAMPA 500 0
R6-C2-184 10-10 FL CONTROLLED FUEL SYSTEMS RIVIERA BEACH 50 D
86-04-19R 10-10 GA DOCUMENT SERVICES BOCA RATON 200 0
86-02-206 10-10 OH ESSEF CORPORATION ORLANDO 0
86-06-217 10-10 LACE MANUFACTURER BROWARD 120 F
86-07-226 10-10 AVIATION SUPPORT TAMPA 75 F
86-07-227 10-10 OT ERINTEC BOCA RATON 50 F
86-07-228 10-10 BOSTON WHALER DAYTONA BEACH 200 F
85-10-231 10-10 OH WRISCO INDUSTRIES, INC. P B. GARDENS 30 F
86-10-247 10-10 NY PLAINVIEW ELECTRONICS BOCA RATON 3 M
86-04-166 10-10 NY TIME LIFE MAGAZINE TAMPA 1000 R
-87-01-287 10-10 FL MEPCO/CENTRALABS RIVIERA BEACH 130 0
-87-05-344 05-10 FL DOORS << CONST. PRODUCTS 55M 120 R
87-06-357 05-10 OH MODULAR COMM. BUILDINGS ORLANDO M
84-06-104 08-88 WI MEDICAL TECH 15-20 ACRES 250 F
86-02-168 08-08 WI DISTRIBUTION 12-14 ACRES M
86-02-183 08-00 t"L MEDICAL TECH 20M LT MAN 30 F
85-09-161 07-07 CA MED TECH 30M HIGH TECH 100 0
86-03-218 06-07 NY TEXTILE 15M MAN 30 R
-87-02-294 05-07 FL PNEUMATIC EQUIP~ENT 80M 75-100 R
-87-02-300 07-07 NJ PUBLISHING 6SM 300 0
PAGE NLM3ER 1
EXHIBIT C
\JUM ST~T c::~ p=r:: CF INO NEE!)S E~APS SuR
---
-87-03-321 07-07 ~LECTRON!C ASSeMBLY 40M 250 F
~5- J2-137 06-06 NY ELECTRONIC COMPONENT 20M LT MAN 30 R
86-03-195 06-06 MI METAL FABRICATORS SSM BLDG. 65 0
86-06-257 06-06 OH LIGHT MANUFACTURING M
86-12-282 06-06 IL METAL FAB. 20M SO D
-87-02-292 05-06 NY PU8LISHING 30M 100-110 M
-87-03-304 06-06 Fl GLASS MANUFACTURING 3 ACRES D
-87-05-345 05-J6 G8 AVIONICS 3.5M 12 R
84-05-111 06-05 OH METAL SPINNING 20M LITE MAN 40 0
85-01-138 06-05 NY DISTRIBUTION 40M DIST. 25 0
85-05-146 OS-OS NJ PAPER BAGS 30-40M LT. MAN. 50 0
85-09-160 OS-OS OH aECTRDNICS SOM LT. MAN UK 0
86-02-176 OS-OS NY VERTICAL BLINDS 0
86-02-1n 05-05 MEDICAL TECH 35-60M LT MAN. 125 F
86-03-188 05-05 FL COMMERCIAL FOOD PROC UK 0
36-03-189 05-05 MA PLASTICS MANUFACTURE 10-50M LT. MAN. UK 0
86-03-191 05-05 HI-TECH 5M LT. MAN. 25 F
86-0A-196 OS-OS MFG./DISTRIBUTION 30M 25 F
86-04-200 05-05 HEADQUARTERS 15-2m-1 OFF 150 F
86-04-201 05-05 FL PLANT aqEEDING NE."'R LAKE/POND UK 0
86-04-202 05-05 MI CONSULTANTS 0
86-05-208 05-05 FL aECTRONIC FASTENSER 10M EXP,~ND 40 F
86-05-211 05-05 FL aECTRONICS 10 "'CRES 150 R
86-05-212 05-05 FL NURSERY 15M OFF /WARE 25 0
86-05-214 05-05 'IY PLASTICS 10M MAN 14 0
86-06-222 05-05 CO AUDIO S?EAKBS 5M MAN 20 F
86-06-223 05-05 NY PRINTING 25M MAN 30 C
86-07-224 05-05 ROOF TILES UK 15 F
86-06-230 05-05 NJ HEAVY 150M MAN UK R
86-08-235 OS-OS FL RV REFRID & FREEZERS 100-150M MAN 150 R
86-09-237 OS-OS PRINT EQUIPMENT t-FG. 30M-60M 100-150 F
86-09-238 05-05 FL HYDRAULICS FITTINGS UK 10 0
86-10-248 05-05 NY R
86-10-251 OS-OS DE R
86-08-253 OS-OS FL 12-15M 0
86-08-254 05-05 TX DEVaOPERS 0
86-08-255 05-05 OK 0
86-07-258 05-05 MA AVIONICS 25-60 R
86-08-259 05-05 UT BIO-TECH COMPANY 30 M
86-08-261 05-05 IL 0
86-10-262 OS-OS NY FASTENINGS 5M M
86-10-263 OS-OS IL DRYWALL 0
86-10-265 05-05 FL MF-DICAL AEROSPACE 20M 50 D
86-10-267 05-05 MI INDUSTRIAL LADDERS 16-20M UK M
86-11-268 05-05 MA RESEARCH & DEVELOPMENT 10K 10-20 D
86-11-270 05-05 NY AERO SPACE 5-8M 25 0
86-12-272 OS-OS NY SOFTWARE MFG 10-5m-i U/K M
86-12-273 05-05 MO BLUE PRINTS U/K U/K M
86-12-274 05-05 TX MICRO FILM 6-10M U/K M
86-12-275 05-05 CA SECURITIES U/K U/K 0
86-12-276 05-05 MI COMPUTER SERVICE 2M U/K M
86-12-277 05-05 PA CONSULTANT U/K U/K M
86-12-278 05-05 FL OECORATOR SUPPLIES U/K U/K C
86-12-279 05-05 FL COt-f'UTER PARTS SaM 70 D
86-12-280 05-05 NY U/K U/K U/K F
PAGE NUMBER 2
NUM ST4T ST TY?~ GF LNG NE=:QS EMPS SOR
---
86-12-283 05-05 FL M='G. CHALKBOARDS 8-10M 10-20 D
86-12-284 05-05 DH MFG. PLASTICS UK 5-10 R
86-12-285 05-05 FL I,.pORT/EXPORT UK UK 0
_87-01-286 OS-OS NY WOMENS GLOVES SM N/A R
...87-01-288 OS-OS MO FIBER GLASS REINFOR. 300,000 N/A R
87-01-289 OS-OS MI ELECTRONICS N/A N/A M
87-01-290 OS-OS MA EYE GLASS CASES N/A N/A M
-87-01-291 05-05 VA DISTRIBUTION 103M 4 D
-87-02-293 05-05 MA DATA CENTER 500M 1000-1200 0
87-02-295 05-05 NY CAR MANUFACTURER N/A N/A M
-87-02-296 05-05 NY ELECTRONICS 200M 500 M
87-02-297 05-05 TX MEDICAL EQUIPMENT N/A N/A M
- 87-02-298 05-05 OH PRE-FAB HOUSES 1200 4 M
87-02-299 05-05 IL CONTRACT PACKAGERS N/A N/A M
87-02-301 05-05 MI CONSULTING FIRM N/A N/A F
- 87-03-302 05-05 MI INJECTION MOLDING 15M 35 D
--87-03-303 05-05 PHARMACEUTICAL 200M F
87-03-305 05-05 NJ FOOD PROCESSING R
-87-03-306 OS-OS FL PRINTING 25 ACRES 150-500 F
--97-03-307 05-05 NJ DATA PROCESSING 30M M
-87-03-308 OS-OS NJ 30M M
87-03-309 05-05 CT TOOL DESIGN R
_87-03-310 05-05 MA BEARINGS 5-10M R
-87-03-311 05-05 NY FOOD DISTRIBUTION 30M R
-87-03-312 05-05 FL TRACTOR PARTS 10-12.'-' D
-87-03-313 05-05 IL ELECTRONICS 10-2m., M
87-03-314 05-05 ELECTRONIC COMMUNICATIONS M
87-03-315 05-05 NY SPONGE MFG. M
87-03-316 05-05 IN COMtoUNICATIONS M
87-03-317 05-05 OH M
87-03-319 05-05 IL PAPER SUPPLIES MFG. F
-87-03-320 05-05 FL SPANISH ROOF TILES 40M 100 M
-87-03-322 05-05 NY GARMENT MFG. 30M 50 D
-87-03-323 05-05 NJ HIGH TECH PRODUCTS 1 ACRE D
-87-;)4-324 05-05 NY AIRCRAFT PARTS 460 M
-87-04-325 05-05 NY AEROSPACE CONSTRUCTION 60 M
-87-04-326 OS-OS NY MICROWAVE TEST EQUIPMENT 160 M
-87-04-327 05-05 CT THERMO COUPLES 75 M
-87-04-328 OS-OS CT RECTIFIERS 125 M
_87-04-329 OS-OS CT TRACKING CONTROL PRODUCTS 75 M
_87-04-330 OS-OS CT SLIP RINGS 75 M
...87-04-331 OS-OS CT AERO SPACE 700 M
_87-04-333 05-05 NJ PHARMACEUTICALS 270 M
87-03-334 05-05 VA HEALTH MGMT M
-87-04-335 05-05 NJ HEARING AIDS 99 M
-87-03-336 05-05 NY FLEX SHAFTS 235 M
-87-03-337 05-05 NY MED TECH 150 M
-87-05-338 05-05 FL CANOY 50-200 R
87-05-339 05-05 NJ MANUFACTURING R
-87-05-340 05-05 PA ELECTRONIC CCMPONENTS 100 ACRES 2000 M
- 87-05-341 05-05 PA TESTERS & COUNTERS 10-15M 115 M
..87-05-342 05-05 PA COATING PRODUCTS 150-80M 75 M
.. 87-05-343 05-05 FL DISTRIBUTION & WHOLESALE SaM F
"87-05-346 05-05 NJ ELECTRONIC ASSEMBLY 100M 200 F
-87-06-347 OS-OS FL HI-TECH SOLAR POWER SYSTEM 7M 10 R
PAGE NUMBER 3
,'<uM Sl~r 5T TY::J:: OF INO NEEDS E"-1PS c:-",
--- _u.",
87-06-348 05-05 FL MFG - CAMERA STRAPS 1M ~
87-06-349 05-05 IN INTERCONNECT/ELCTRICITY M
87-06-350 05-05 NY MANUFACTURE BOXES M
87-06-351 05-05 IL AIR FILTERS/VALVES M
87-06-352 05-05 CA MARINE HARDWARE MfG. M
87-06-353 05-05 MO U/K M
87-06-354 05-05 FL DEFENSE ELECTRONICS M
87-06-355 05-05 PA MEN'S WEAR M
87-06-356 05-05 IN DRILLS/MACHINE EQUIPMENT M
-87-06-358 05-05 FL COMMERCIAL R. E. 30-40 M
-87-06-359 05-05 UT WOOD BURNING STOVES 180M t.4
-87-06-361 05-05 MO U/K 17M M
_87-06-362 05-05 MN 3M MANUFACTLRERS 30M M
87-06-363 05-05 FL CHURCH M
87-06-364 05-05 NJ M
87-06-365 05-05 toO EXPERT SYSTEMS/AI M
-87-06-366 05-05 KY LAB. TEST KITS 3-4M M
--87-06-367 05-05 FL MINI-COMPUTERS 20M 150-200 F
87-06-368 05-05 OH CONSULTANTS - FOR R & 0 50 0
-87-06-369 05-05 MO COMPUTER SYSTEMS 5M 8-16 F
-87-06-370 05-05 CA LIQUID CHROMOTOGRAPHY 25M 25 0
--87-07-372 05-05 NJ ASSEMBLE HEARING AID EQUIP.2M 10-15 R
87-07-373 05-05 LA MARINE SALES/SERVICE UIK U/K R
-87-07-374 05-05 NEWSPAPER CLIPPINGS 5M 20-60 F
87-07-375 05-05 OPTICAL LABORATORY U/K U/K R
--87-07-376 05-05 FL OPTICAL LENSES 50 M
87-07-377 05-05 FL CONCRETE COMPANY M
-87-07-378 05-05 CT MECHANICAL PRINTING 50-60 M
-87-07-379 05-05 MA SURGICAL STEEL BLADES 75-100M M
87-07-380 05-05 CA LAB COMPONENTS ~1
87-07-381 05-05 ~ MAGAZINE PUBLISHER M
87-07-382 05-05 CA ELECTRONICS-MFG. M
87-07-383 05-05 CA R &: 0 M
-87-07-384 05-05 GA MFG. BLOOD BANK TEST KITS 100 M
-a7-07-385 05-05 NJ LIQUID LAVEL CONTROLS 22 M
87-07-386 05-05 GA MEN'S WEAR M
-87-07-387 05-05 MN Cm.PUTER SOFTWARE 30-50M M
87-07-388 05-05 PA ELECTRONIC COMPONENTS M
84-05-107 05-04 ME INSURANCE 3-4 ACRES 150 0
84-08-115 04-04 I~ ALUMINUM CASTING 15-25M LITE MAN 30 0
84-09-119 04-04 IL CONTAINER STAPLES 15M LITE MAN 30 0
84-12-129 04-04 PA INTEGRATED CIRCUITS 20M EXPANDABLE 90 0
85-04-144 04-04 NY RUBBER PRODUCTS 60M LT MAN UK D
85-05-145 04-04 FL FIBERGLASS AUTOS 2-3 ACRES 40 D
85-05-148 04-04 WG U/K FOOC U/K F
85-05-149 04-04 ELECTRONICS FOOC UK F
85-10-164 04-04 NY U/K UK U/K 0
86-02-175 04-04 NY INSURANCE 0
86-06-216 05-04 CLASS C ROCKETS 20M MAN UK F
86-05-233 06-04 PU PACKAGING MACHINES 15M MAN 50 r
86-09-240 04-04 NY ELECTRONICS ASSEMBLY UK UK 0
86-10-243 04-04 FL OIL RECOVERY FACILITY 0
86-10-245 04-04 FL PRINTING 12-20M 50-100 0
86-10-264 04-04 NJ CONSULTING ENGINEERS 0
86-11-269 06-04 FL BOAT BUILDING U/K U/K 0
PAGE NUM8ER 4
-----------
.
~
EXHIBIT "H" TO ANNUAL STATUS REPORT
Lot 51-B, according to Quantum Park P I D Plat No 4, recorded in
Plat Book 57, pages 186 through 188, in the Public Records of Palm
Beach County, was conveyed to Florida Power & Light Company on
October 14, 1987 In conjunction with this Annual Status Report,
the Developer contacted the Florida DER and the Environmental
Protection Agency for information as to the appropriate 4-digi t
standard Industrial Classification Code applicable to Florida
Power & Light's proposed electrical sub-station operation
thereon It appears that the applicable classification, if any,
is Code 4911 (Electrical Services)
2105P/8
EXHIBIT "a" TO ANNUAL STATUS REPORT
NOT APPLICABLE
2l05P/2
EXHIBIT "e" TO ANNUAL STATUS REPORT
No development activity was specifically proposed for the
calendar year 1987 The development activity actually conducted
for the calendar year 1987 consisted of (i) substantial completion
of all clearing and earthmoving on the entire site, resulting in
filling designated parcels and constructing six major lakes as
part of the drainage system for the Park, (ii) commencement of
construction of the Park's infrastructure (utilities, roadways,
drainage, and site lighting), (iii) commencement of construction
of bridges on N W 22nd Avenue and Quantum Boulevard, and, (iv)
environmental assessments regarding the 1-95 Interchange at N W
22nd Avenue have been submitted for approval to the Florida DOT
and the Federal Highway Administration
210SP/3
EXHIBIT "0" TO ANNUAL STATUS REPORT
NOT APPLICABLE
2105P/4
-..
.
.
.
EXHIBIT "E" TO ANNUAL STATUS REPORT
On April 14, 1987, Quantum Associates and the City of Boynton
Beach finalized an exchange of property in accordance with
Condition No. 43 of the Development Order This exchange involved
the exchange of a 16 1362 acre parcel owned by Quantum Associates
within the development (which will be used as a City Park) for a
13 04 acre parcel owned by the City adj acent to the development
(which will be used for office development) The two parcels are
shown in the attached map In addition to being requi red as a
part of Condition No 43 of the Development Order, the exchange
was conceptually approved in conjunction with the second amendment
to the Development Order (Ordinance No 86-37, discussed in the
Annual Status Report filed for 1986)
2l05P/S
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EXHIBIT "F" TO ANNUAL STATUS REPORT
1 Department of Environmental Regulation
issued 9/11/87 for dredge and fill
Permit #501268889
2 Lake Worth Drainage District Permit #8700323-U issued
10/7/87 for constructing 10" water main across E-4 Canal
3 Agreement with Palm Beach County
issued 7/21/87 for improvements on
constructing new bridge over E-4 canal
Resolution #R-87-974,
N W 22nd Avenue and
4 South Florida Water Management District - permi t #50-01503-S
issued 7/9/87 for overall Quantum Park
5 South Florida Water Management District - Permit #8296 issued
1/8/87 for constructing 10" diameter water main in C-16 canal
right-of-way
6 Lake Worth Drainage District Permit #8600323-D issued
1/15/87 for drainage permit for Quantum Park
7 Lake Worth Drainage District - Permit #8700323B issued 3/17/87
for constructing Quantum Blvd Bridge over equalizing canal No 4
8 South Florida Water Management District - permi t #50-01357-S
issued 6/12/87 for drainage construction of N W 22nd Avenue and
Quantum Blvd
9 Applied to Lake Worth Drainage District in December, 1987 for
permit to change location of an outfall to E-4 Canal
10 Applied to South Florida Water Management District in
December, 1987 to amend drainage plan for Quantum Park
11 Applied to Ci ty of Boynton Beach in December, 1987 to amend
engineering drawings
2105P/6
,
EXHIBIT "G" TO ANNUAL STATUS REPORT
The Developer and the City of Boynton Beach are in substantial
compliance with the Development Order for the calendar year 1987,
and there have been no items or matters that would be classified
as a "Significant Deviation" under Chapter 380, PIa Stats
Commitments as indicated in the question were maintained and
progress continued on all matters necessary to allow development
to begin and proceed as quickly as possible
2l05P/7