PROPOSED 350 HOME COMMUNITY in JUPITER
Rendering courtesy of the Palm Beach Post.
Divosta Homes has proposed a 350 home community with office and retail space west of I-95 in Jupiter. Lakewood Development, a proposed community on 260 acres along West Indiantown Road across from Jupiter Country Club, will comes before the Jupiter Town Council on August 8.
The proposal calls for a 150,000 square foot research facility, a 6,000 square foot restaurant, convenience store and 20-pump gas station. Original plans submitted to the Jupiter Town Council also reflected a 100-room hotel, but it is no longer in DiVosta Homes plan.
The parcel of land is one of the last large, undeveloped parcels in Jupiter. The Lakewood project, is now on what is referred to as Parcel 19, was purchased by Jupiter 19 Park LLC from WCI Communities, Inc. in 2011 for $6 million.
Single-family homes within the community will be two, three, and four bedrooms. The two bedroom homes will be approximately 1,800 square feet and with a likely asking price of $275,000. The larger four bedroom homes, about 2,800 square feet would sell for roughly $500,000.
The town’s planning and zoning board recently recommended approval of the project with a 4-3 vote. To view plans of the proposed project, please visit Jupiter.fl.us.
The proposed development is continued proof that the housing market is improving greatly. To discuss the current housing market in the Jupiter/Tequesta area, please contact Rob Thomson, Managing Partner, of Waterfront Properties and Club Communities at INFO@wfpcc.com or call 561-746-7272.
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