More New Construction Proposed For Loxahatchee Area

More New Construction Proposed For Loxahatchee Area

Subject 90 Acre proposed development is located at a lighted intersection on the NEC of Southern Blvd. (SR 80) and Binks Forest Drive. The site has been approved for 103,000 sq.ft. of commercial (with 2000' of direct frontage along Southern blvd) , 44,000 sq.ft. of office/medical and 100,000+/- sq. ft. of Institutional. At the present time, I have interest from Charter Schools, ALF and Memory Care Facilities for the 22 acre parcel zoned Institutional. This is a great opportunity if you have clients looking to purchase land in this market for uses that fall under Institutional zoning or Office/Medical due to the close proximity to Palms West Hospital which is less than 3 miles to the east of subject site.  I will begin marketing the commercial parcels in early 2016 and they will be available for ground lease or build to suit only. These parcels are zoned commercial low which permits the following uses; fast food, full service restaurants, banks with drive thru, gas stations and automotive uses. 

This property attracts the existing affluent Wellington market and will greatly benefit from the substantial growth slated for the Loxahatchee market. Here is a quick overview of the new developments within close proximity to the site:

  • NWC Southern & Binks Forest Dr. - Shopping Center anchored by Publix and Tractor Supply is under construction and scheduled to open Spring 2016.  

  • Palm Beach State College- 75 Acres off the NWC of Southern Blvd. & Binks Forest Dr.  The college will wrap around the new Publix Center. Phase I - 50,000 SF campus (8,000-10,000 Students) expected completion late 2016.

  • Arden Community- Located approx. 3 miles west of Binks Forest Dr. has approvals for 2000 single family homes priced from $300,000 - $650,000. Plans to release 200-300 lots per year with the first release of 376 lots in late 2016.

  • Minto West Community- Approved for 4,500 homes. plan to start infrastructure Fall 2015.  Model homes and 100  lots built Late 2016.

Article by: Denise Leyendecker


Victor DeFrisco Headshot
Author:
Phone: 561-951-3759
Dated: March 10th 2017
Views: 276
About Victor: ...

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