A smaller, redesigned Lakewood residential development on one of the last undeveloped parcels in the town was approved 4-1 Tuesday by the council.
“We appreciate that the density has been decreased. Trail connections have been added. The developers have worked to lower the impact to the Loxahatchee River,” said Councilwoman Wendy Harrison, explaining her support of the 275-unit development on 260 acres on the northwest corner of Indiantown Road and Florida’s Turnpike. The property also is known as Parcel 19.
The gated community also calls for a 5,000-square-foot restaurant, 150,000 square feet of biotech office/research space and a 15,000-square-foot pharmacy. Construction of the $150 million project is expected to begin early next year.
Councilman Jim Kuretski, the lone dissenter, said Lakewood could mean expanding Indiantown Road.
“East of I-95 is already over capacity. (Approving Lakewood) means accepting unacceptable gridlock,” said Kuretski.
In other action:
* The council unanimously approved Villa Diamante, which will house 10 two-story duplexes each with two-vehicle garages, on Old Jupiter Beach Road.
* The council approved next fiscal year’s property tax rate that would be the same as this year. Many property owners will still pay higher taxes because property values increased about 7 percent from this past year, according to county records.
A home with an assessed value of $250,000 and a homestead exemption of $50,000 would pay about $502. That does not include debt service, school, fire-rescue and county taxes and special taxing districts, such as the Jupiter Inlet District. The town plans a public meeting at 7 p.m. Sept. 3 at town hall to set the final tax rate.