Cordish Companies and Caesars Entertainment, the two companies redeveloping the Isle Casino Racing property in Pompano Beach, announced their intention to add an industrial space to their project.
The request was approved by the commissioners 4-2 during the first reading, with a second reading scheduled for October 27. If approved on the second reading, the change could be enacted sometime next year after a review by county and state authorities.
Request to Change
The two companies submitted a request to change the zoning and approved land use for Isle Casino. In a meeting last Tuesday, Cordish Companies chairman David Cordish told commissioners that the COVID-19 pandemic has caused offices to work remotely. Because of this, the developers want to reduce the office area and introduce an industrial space at the 777 Isle of Capri Circle project.
The proposal cuts the maximum office space area of 2 million square feet to 1.35 million square feet. This will allow a total area of 1.5M square foot to be available for industrial space. The other components of the redevelopment plan will be unchanged.
Cordish also said during the virtual meeting that his company and Caesars Entertainment already have a non-disclosure agreement with a prospective tenant who would occupy more than 1M square feet of industrial area and employ an 1,200 workers at the Isle Casino property. Sources are saying that the possible renters are Amazon or Walmart.
Residents Express Concerns
However, Pompano Beach residents expressed their concerns about the proposed warehouse in their area. The group mentioned the lack of details regarding the proposed change . They claim that more information should be revealed regarding truck traffic and operating hours as these could significantly impact the traffic in the area. Furthermore, Cypress Bend and Palm Aire residents are complaining that they were not consulted on the proposed logistics center.
Last year, the city approved a proposal by the Cordish group and Caesars to triple the number of residential units at the Isle Casino property and double the office space requirements. The Pompano Beach property was part of a $1.7B purchase of the Isle of Capri Casinos in 2017 by the Eldorado Resorts. Eldorado merged with Caesars Entertainment last July.
Upon its completion, the property will be rebranded as Live!Resorts Pompano. It will include a racetrack, casino, 950 hotel rooms, 300,000 square feet of retail area, and 4,100 residential units.