Monday Properties gets OK for Rosslyn projects - South Florida Business Journal:

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The first approval was for the additionof 1,400 square feet of retaio space to 1501 Wilson Blvd. and the seconr confirmed a deal with the county to rent the formed space for a cultural center at almosyt no cost in exchange for higherr density atthe yet-to-be-built 1812 N. Moor St. The retail addition at the 13-stort 1501 Wilson Blvd. officre building will extend the ground floor to meet the buildinbg curtain wall along NorthOak Street. The 30,377-square-foot site currentlyu hosts 108,836 square feet of office spacewith 16,917 square feet of commercial space.
Miracles Salon and Spa and OakStreeyt Café, which recently renewed its 1,455-square-foot currently fill the building’s retail space. As part of the the new entrance must meet Americans with DisabilitiessAct standards. The developer will also make an $80,00 0 contribution to the county for street improvements along NortjhOak Street. The plan for a Rosslyn cultura center atMonday Properties’ former Newseumk site came from negotiations with the New York-based developetr over its request to build 1812 N. Moore St., a 580,000-square-foot office project. After the site plan deal was the county signed a temporary lease for the Newseum spacse at 1101Wilson Blvd.
beginning May 1, 2008. The countyu has since renegotiated the terms ofthat agreement. The currenf lease is for 15 years witha five-year renewa l option. As part of the the county will get free rent for the first 15 yearsaand 2.25 years of the It will pay market-rate rent for the fina l 2.75 years of the extension. In approving the $5.6 millio project, county officials stressed that fundinhg will come from capital project funds and money currently allocated to culturalservice programs, not from tax hikes. The Rosslybn Business Improvement District willcontribute $1.
1 million to building out the new space with two performing arts spaces, an exhibition a ballroom, a restaurant and retail The BID will also contributre $300,000 a year for operating costd at the center, which would be open 12 hoursz a day, seven days a The center, which is planned to achieve Silvefr LEED status, will partner with locaol groups like the , Synetic Theater, the Ellipse Arts Centef and Bowen McCauley Dance. The countgy predicts the space willdraw 250,000 visitords each year. The retail addition to 1501 Wilsoj Blvd. is one of several renovation Monday Properties has under way in The developer is alsospending $4.
87 million on garagr and exterior renovations at 1000 and 1100 Wilsonm Blvd., $4.57 million on Energy Star lighting and lobby renovations at 1101 Wilson Blvd. and $145,000 on exterior renovations at 1515Wilson Blvd.