In case you missed it, New York-based developer Time Equities is planning to potentially re-develop its 9.3 acre property at 3111 S. Dixie Highway in West Palm Beach to include five condo towers and an insane amount of retails space.
Itâ€™s current use of office space isnâ€™t quite as lucrative as it once was so finding another way to maximize assets in a rapidly growing West Palm Beach seems to make a lot of sense. For now, plans could call for as many as 300 new condominium residences and 18,500 square feet of retail and restaurant space over the five individual buildings with a separate parking garage also being built to accommodate residents, shoppers, and diners.
For now, further details have not been shared with the public, although given renderings
Itâ€™s easy to see why townhomes are a hot commodity in todayâ€™s real estate landscape, but especially in a market like Jupiter, Florida. The low maintenance factor of course makes these and other attached properties especially desirable to empty-nesters or those who donâ€™t have the time or know-how to deal with the constant upkeep required of most detached single-family homes. Furthermore, townhomes can also be a more affordable alternative to single-family homes for sale in Jupiter, allowing for them to appeal to a broader range of home buyers with varying budgets.
If youâ€™re someone who thinks a townhouse in Jupiter might be a good fit, few communities in town match what Tierra del Sol ll has to offer. A newer community thatâ€™s conveniently situated just
With 2015 coming to a close, itâ€™s time to look forward to a new year and new beginnings for the Jupiter real estate market. Looking back at the year that was, the past twelve months have been outstanding as it pertains to the local housing industry not just in Palm Beach County, but also all throughout South Florida. New home starts were up, home values continue to rise, and aside from a tighter than usual inventory, there isnâ€™t a whole lot to complain about, especially if youâ€™re a home seller.
Earlier in the week we provided a brief outlook of what to expect in 2016 and if youâ€™re a potential home buyer thinking about a move sometime in the near future, the time to act is NOW! Interest rates will no doubt increase sometime in the coming months and with
If youâ€™re looking to make a move to Palm Beach Gardens in 2016 and new construction is what youâ€™re after, the new 1,300 home development called Alton in Palm Beach Gardens might be a good fit. Conveniently located just off Interstate 95 at Donald Ross Road, Alton in Palm Beach Gardens was first set into motion in late 2013 when Kolter Homes bought the 600 acre development site, paying a reported $127.5 million. Since then, Kolter has sold off parcels to a number of other developers who are building offices, retail shops, apartments, and even a hotel.
The core of Alton in Palm Beach Gardens development, however, is of course the 1,300 high-end homes and townhomes that are already under construction, making it one of the largest new housing communities to
Now the 2015 is just about in the rearview mirror, many of us are looking ahead to 2016 and gearing up for what should be another positive year for the Palm Beach real estate market. But given the past 12 months have seen huge increases in key areas like new construction, itâ€™s safe to say we could be heading for somewhat of a slowdown in 2016.
Last month, The Wall Street Journal caught of with the chief economist at the National Association of Realtors to discuss what we could be facing over the course 2016 and hereâ€™s a quick glance at to expect:
Home sales should still increase but still be lacking in first-time home buyers, especially as mortgage rates continue to rise.
Expect more than 5.4 million existing single-family homes to be
Travelers could soon have more options at Palm Beach International Airport.Â The Department of Airports just opened the door to the possibility of constructing a hotel on the grounds of the airport.Â Right now there is a request for proposals from any developers interested in pursuing such a project. Â The ten acres of land currently belongs to Palm Beach County but is vacant.Â Located to the west of Belvedere Road and Australian Avenue, itâ€™s expected that a hotel in that location could offer relief to travelers, primarily business travelers who need somewhere to stay.
Only nationally recognized hotel chains will be considered and it must be at least an upper-midscale hotel.Â Because the property is so large itâ€™s expected that restaurants or shops could also
No matter whether youâ€™re looking for a great meal, entertainment, or high-flying adventures, you are sure to find some of the best New Yearâ€™s events and parties around Palm Beach County this year.
Rock the Block- Boca Raton Resort & Club
Live music, inflatables, carnival games and even a zip line are all on tap at the Rock the Block party in Boca Raton.Â The Boca Raton Resort & Club event features several different ticket prices, some including dinner. Â
Countdown to 2016- Harbourside Place (Jupiter)
Enjoy hours of live music with family and friends at one of Jupiterâ€™s prime locations.Â The Countdown to 2016 event is the place to be in Jupiter starting at 6pm.Â The evening wraps up with a spectacular fireworks show to ring in the official
As we look back on the year that was 2015, itâ€™s been a pretty good 12 months for the real estate industry as a whole, and especially here in South Florida. Nationwide, single-family home constriction hit its highest level since 2007, and overall construction spending has increased by 13% over the past year as well.
Job gains in many parts of the U.S., in addition to low mortgage rates, also helped improve market conditions throughout 2015. New home sales specifically saw its biggest jump in more than seven years, with some reports showing a 22% increase so far in 2015.
Thereâ€™s no doubt more new home construction and increased home sales continue to also have a huge benefit on the national economy, creating more construction jobs, more manufacturing