This sign on the north side of Indiantown Road just east of I-95 is for a proposed A business park (Photo/Bill DiPaolo)
A 58-acre vacant parcel of property straddling Island Way in Jupiter was bought last summer for $11 million by Crossroads 6101 LLC.
The land, just east of I-95 and north of Indiantown Road, was owned by DDR Jupiter Falls, an affiliate of Beachwood, Ohio-based DDR Corp. (NYSE: DDR).
Read the full story in The Palm Beach Post.
Hotels, restaurants, warehouses, clinical research, day care and light manufacturing are among the uses allowed under the current zoning. Residential is not allowed.
The owners have submitted an overall plan for a large-scale planned unit development. The plan does not show buildings and other details.
The town council must approve the project before construction can begin. No dates have been set for public meetings.
FLF bought 92,000 square feet of Downtown Abacoa commercial property, along with about 3 acres of vacant land, in March, 2013 for $5.1 million.
“We plan to develop a first class business park that will attract the many engineering, aerospace, and life science companies that are proliferating in the market,” Nortman told the Palm Beach Post via e-mail.
The property is one of the largest vacant pieces of land east of I-95 in northern Palm Beach County with frontage on Indiantown Road and both sides of Island Way.