Building a 35-unit townhouse development on the Intracoastal Waterway is up for final approval at tonight’s 7 p.m. town council meeting.
Prices for the 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 townhouse 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.
Owners would have access to Riverwalk, the town’s 2.4-mile public access pedestrian/bicycle lane 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 build-out, 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.