More residential waterfront development is being proposed — this time for three dozen townhouses on the Intracoastal Waterway — to meet the continuing demand for luxury housing in north county.
“The units are getting smaller and smaller, but people love the location,” said John True, owner of Oceanfront Realty in Juno Beach.
Prices for the 35 units at Water Pointe, each about 1,500 square feet, should start at about $400,000-$500,000, according to local Realtors and developers.
The vacant 4-acre site on the west side of U.S. 1 is the former Elks Lodge 2469. The lodge opened in the early 1970s and was demolished in about 2010. The lodge is now in Jupiter Farms, in the Publix plaza on the south side of Indiantown Road, about a mile west of Florida’s Turnpike.
The plan by Wilmington, Del.-based Emerald Cay Holdings calls for seven two-story buildings, a 400-square-foot fitness center, a community swimming pool, pavilion and tot lot on the now-vacant lot about a mile south of Indiantown Road.
Whether the community will be gated has not been determined.
The town’s planning and zoning commission plans to consider the proposal on Tuesday. The town council is scheduled to vote on the plan on Jan. 17.
Owners would have access to Riverwalk, the town’s 2.4-mile public access walkway being built between the Jupiter Inlet and Ocean Way for bicyclists and pedestrians. There would be no commercial development on the Water Pointe property.
“There is still a lack of supply of residential property along the water in north county. The demand is still strong,” said north county Realtor Rebel Cook.
Several other proposals have been made on the Water Pointe property in recent years — but none of them were built.
- A development of the same name calling for 30 apartments along the Intracoastal Waterway with a restaurant and office/retail space was approved in 2012.
- In 2006, the council approved 35 townhouses on the property. Known then as Emerald Cay, the proposed residential development did not include retail shops, offices or restaurants.
- Another plan called for two high-rise towers with 122 condominiums.
With Jupiter rapidly reaching buildout, using formerly developed sites for new construction — called infill development — is how developers are building new places for people to live and do business.
Infill development examples in Jupiter include the former Suni Sands and Whitehaven mobile home parks. Another example is the Kennedy Homes project east of Alternate A1A and off Old Jupiter Beach Road called Villa Diamante.
Suni Sands on A1A is planned for an Key West-style development. Apartments, medical offices and restaurants are being built on the former Whitehaven site on Military Trail. Villa Diamante is 10 two-story buildings each with two residences.
More infill development is planned for Bell’s Mobile Home Park, on the east side of Alternate A1A just north of Indiantown Trail.
Bjarne Borg, co-founder of the Stockholm-based Index International AB, an international entrepreneurial company which has an office in Jupiter, recently bought the park for $1.8 million.
Borg, a Jupiter resident, is a partner in 1000 North, the restaurant under construction nearby on the Loxahatchee River that is partially owned by NBA star Michael Jordan. Borg also owns the 1000 North property, formerly the site of Charlie’s Crab restaurant.
Borg plans a low-scale development on the Bell’s property. No plans have been submitted to Jupiter.
“I’m looking at some restaurants. With some affordable multi-family housing. I want to keep that historical, casual, fishing atmosphere in the neighborhood,” Borg recently told The Palm Beach Post.
Where: West side of U.S. 1 on Intracoastal Waterway, one mile south of Indiantown Road
How big: Seven buildings, 35 two-story townhouses.
How much: Prices expected to start at about $500,000
Property owner: Wilmington, Del.-based Emerald Cay Holdings
Project Status: Dec. 13: Jupiter planning and zoning commission. Jan. 17: Jupiter Town council.
Other residential developments along U.S. 1 and Intracoastal Waterway in north county include:
- The Preserve, a 29-single-family-home development on the west side of U.S. 1, just north of Juno Isles. Prices start at about $1 million.
- Ocean Breeze, a two-dozen luxury townhouses development at the site of former Floridian Ocean Park for mobile homes on the west side of U.S. 1, just south of Marcinski Road. New prices started at about $500,000.
- Riverwalk Pointe, on the west side of U.S. 1, just north of Ocean Walk Boulevard. Selling prices started at about $800,000.
- Tierra del Sol II, a luxury residential community east of the Intracoastal Waterway at Ocean Way in Jupiter. Prices start at about $800,000.
- Water Club, on the east side of U.S. 1 across from The Benjamin School in North Palm Beach, has two 22-story towers and is under construction. Prices starting at about $700,000.
- Azure, a development on the west side of the Intracoastal Waterway on Donald Ross Road. Prices for units, which will be between about 2,000 and 3,800 square feet, start at about $900,000.