More Apartments, Hotel Rooms, and Less Office Space: Cornerstone Developer Updates Commission

cornerstone

Cornerstone construction. {Sharon Aron Baron}

By Bryan Boggiano

The Cornerstone development on Sample Road and University Drive continues to climb to the sky, and the developer is updating the city on its progress. 

Scott Backman, the attorney who represents Predesco, the developer of Cornerstone, updated the city commission and the community redevelopment agency at their joint meeting Wednesday.

Backman announced multiple changes to Cornerstone, including reducing office space, more apartments, and more hotel rooms at the planned Hyatt Hotel.

The original plan, approved on Nov. 12, 2020, called for 351 residential units, 82,866 square feet of commercial space, 195,211 feet of office space, and 138 hotel rooms.

The commercial space included 21,448 square feet on the North Block’s ground floor, 17,329 feet on the South Block’s ground floor, and 44,089 square feet set aside for a big box retail over movie theater use.

The South Block’s updated plans call for an increase to 144 hotel rooms and the addition of a roughly 2,000-square-foot rooftop bar and dining area.

The North Block’s original plan included no residential units and 44,089 square feet of commercial space on the top floor, in addition to the office and ground floor commercial space.

Updated plans call for 365 residential units, bringing the total residential units proposed on the property to 716. There will be no office space and no commercial space on the top floor.

The updated plan calls for a rooftop pool on the north deck for residents, and an agreement with restaurant chain Taco Craft to open at Cornerstone.

There will also be an increase in ground floor commercial space to 27,245 square feet at the North Block.

Predesco also announced that the initially planned grocery store and movie theater concepts are no longer priority items.

Before Wednesday’s meeting, Predesco announced they were considering reducing office space and adding apartment units to site plans, citing changing market conditions and the pandemic.

Predesco projects that they will top out the south block in May and project that the entire block will be complete by May 2023.

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More Apartments, Hotel Rooms, and Less Office Space: Cornerstone Developer Updates Commission

Bryan Boggiano
A University of Florida journalism graduate, Bryan is pursuing his masters in geosciences at Florida International University. He has a strong interest in weather, entertainment, and journalism.

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