
Conceptual image of the Foundry project.
By Bryan Boggiano
The Coral Springs City Commission voted in favor of two measures permitting Foundry Commercial to construct two new warehouses on the southwest corner of Northwest 39th Street and Northwest 120th Avenue.
Foundry is one of Florida’s largest real estate developers and focuses on industrial properties. According to city documents, they also develop and manage big-box warehouses and suburban and urban office space across the Southeast and Texas.
The new construction, called Osprey Foundry Warehouses, will have a total area of about 427,000 square feet and sit on a lot with an area of approximately 968,000 square feet, or 22.22 acres, in the city’s Industrial, Research, and Development Zoning District.
Sawgrass Place Owner, LLC, an affiliate of Foundry, currently owns the lot.
For the Foundry project to continue, Greenspoon Marder, LLC, on behalf of Sawgrass Place, requested a conditional use and a special exception from the commission related to warehouse space and parking availability.
The lot’s only approved use would be for warehouse and office space only. The city would need to approve any changes.
The proposed development falls short of the code-required parking space amount of 466 spots. Their proposal calls for 424.
The new warehouses would also cover 44 percent of the site, whereas the city’s land development code in the IRD zoning district sets a maximum of 40 percent.
The total open landscaped area for the project would need around 30 percent, but the warehouse proposals are about 25 percent. Since Foundry is seeking Leadership in Energy and Environmental Design (LEED) certification, the city will relax part of the code.
Additional modifications to the property include various landscaping alterations, stormwater retention areas, site monitoring, and drainage easements.
Developers also addressed concerns related to traffic.

The Osprey Foundry Warehouses’ future site [Google Maps].
According to a letter from Traf Tech Engineering, Inc, traffic would generally not be an issue, despite the parking. But, traffic could increase during the morning and afternoon peak hours near the intersection of Sample Road and Northwest 120th Avenue.
To ease southbound traffic, Traf Tech recommends adding a second southbound lane to provide separate left-turn and right-turn lanes.
The city’s consultants also found that the property’s proposed use would not violate noise or buffering requirements.
According to a Munilytics fiscal analysis impact report, the new business would positively impact the local economy.
The report states that the new warehouses will generate about $686,000 annually in city taxes, add 211 on-site employees and 276 total regionwide, and add more than $60 in taxable value to the city’s tax base.
In a letter to Director of Development Services Julie Krolak, Kristi Bartlett, Director of Economic Development, stated that since Foundry would recruit primary employees, they could produce more goods than could be consumed locally, bringing more outside revenue to the city.
Commissioner Joy Carter motioned to approve the conditional use and special exception companion items. Vice Mayor Joshua Simmons seconded the motion.

Conceptual image of the Foundry warehouse project.
The items passed unanimously 4-0 (Commissioner Shawn Cerra was not present).
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