Page 25 - Southern Exposure - March '24

Southern Exposure, Page 25

Section B

In Your CommunItY

Catalfumo Companies Approved For 620 Additional

Multifamily Units At PGA Station

A Visionary Transit-Oriented Project In Palm Beach Gardens

With 100 units dedicated to workforce housing, Gardens As a transit-oriented community, the project is positioned Gardens Station project exemplifies a forward-thinking,
Station is setting the standard for affordable luxury housing to provide easy access to rail stations, including the Tri- commuter-friendly approach slated to be adopted by PGA
and is geared to transforming living in Palm Beach Gardens. Rail. With the ability to live steps away from work or Station corporate tenants.
Catalfumo Companies, a leader in real estate development, easily commute via the proposed nearby train stations, the “Transit-oriented communities are the future of
is excited to announce that it approved an additional 620 development,” Dan Catalfumo said. “They are extremely
multifamily units for its project, Gardens Station, on Feb. commuter-friendly and will be the leading force shaping
1. Located at 11025 RCA Center Drive, the project is now sustainable cities of the future. Workers want to have easy
slated to have 1,016 multifamily units, with 398 units access to their offices, whether it be from walkability or
currently undergoing construction by project partner The convenient access to the railways. In summary, transit-
Richman Group of Companies. Of these 1,016 multifamily oriented communities take a holistic approach on urban
units, over 100 units will be dedicated to workforce housing. living by emphasizing accessibility, easing congestion and
“We are excited to deliver Gardens Station to Palm championing sustainable transportation.
Beach Gardens. As a developer located within the Palm PGA Station is located at an appealing location at the
Beach Gardens community, it is an honor and a privilege entrance to the bustling PGA corridor and in immediate
to give back,” Daniel Catalfumo, founder of Catalfumo proximity to I-95, has served as a major draw for corporate
Companies, said. “We know how important our workers tenants, restaurants and retailers and is now being augmented
are, and workforce housing is more essential than ever. with residential components for a true live, work, play offering.
Palm Beach Gardens would not be the budding community In fact, taking advantage of this, Catalfumo Companies has
it is today without our local workers; as such, we wanted to set up their corporate offices within PGA Station along
invest in a transformative project that allows the community with The Marc, an upscale apartment community slated for
to live, work and play.” completion later this year. These developments are expected
Recently, Palm Beach Gardens has been paving the way to continue to elevate the standard of living and quality of
for workforce housing, committed to creating spaces for life in Palm Beach Gardens for all.
people who work in Palm Beach Gardens but cannot afford The new addition to PGA Gardens Station was designed
to live in the luxury residences popping up across the city. by Corwil Architects, along with improvements to the area.
As such, the City of Palm Beach Gardens works hand-in- Sidewalks, landscaping art and more are integral assets of
hand with developers, such as Catalfumo Companies and the project. A master landscape plan and adherence to the
The Richman Group of Companies, to ensure their vision of Palm Beach Gardens Art in Public Places program ensure
a city where residents can live, work and play is achieved. continued enrichment for residents and visitors alike.
In addition to its workforce housing appeal, PGA Station
is strategically situated around proposed railway stations. In Your Community on page 26

northern notes

Living Within Our Budget

By Katie Roundtree, Director of Finance and Administration, Northern Palm Beach County Improvement District

L i k e m o st l o c a l several developments, for the new fiscal year. Staff and department heads submit their
governments, the Northern such as Horseshoe Acres, budgeted requests for projects, services and equipment for the
Pa lm Be ach Count y Steeplechase, Arbor Parc upcoming year to the budget manager. The budget manager
Improvement District and Woodbine. Each unit compiles the information and produces a draft budget for
(Northern) must prepare of development is unique review by Northern management. During this time, requests
and abide by an annual since their needs can be are balanced against funding to determine whether or not
budget. Unlike many quite different. Currently, specific projects or requests remain in the funding plan for the
other local governments, there are 47 active units of upcoming year.
Northern prepares a budget development with budgets, Budgets are funded from either maintenance assessments,
for general expenses, such as excluding the general fund. reserve funds, loans or a combination of the above. Northern has
administrative and overhead Northern’s primary purpose a policy to keep a minimum of 25 percent of the maintenance
expenses, and for each unit is to provide stormwater budget for each unit of development in reserves. Reserves are in
of development within its jurisdiction. A unit of development control services to its area. place for unexpected emergencies, disasters, and cost increases
is a separate, distinct area formed to provide specific However, in some areas, Northern is also responsible for more than budgeted. Any reserves over the minimum can be
services from Northern. These areas can be for individual road, preserve, trail and gate maintenance. used to fund future projects or offset assessment increases.
housing developments, such as PGA National, BallenIsles Northern’s fiscal year begins on Oct. 1 and ends on Sept.
or Abacoa. They can also be for an area that covers 30. Each year, starting in January, the budget process begins Northern Notes on page 27