Harbourside update from the Palm Beach Post

by Dylan Roden

 

Parking garages, hotels and retail stores going up at Harbourside in Jupiter

by Bill DiPaolo

Completion for Harbourside is scheduled next summer.

Allied Capital & Development is using the EB-5 program to help finance the $150 million Harbourside project in Jupiter on nine acres on the northwest corner of Indiantown Road and U.S. 1.

North Palm Beach-based Allied won federal approval three years ago from the Department of Homeland Security to develop Harbourside through an EB-5 regional center. Created in 1990 to attract foreign investment, EB-5 allows foreigners to contribute $500,000 apiece to U.S. businesses in return for them and their families to get visas, apply for green cards and become permanent U.S. residents.

Two five-story hotels fronting Intracoastal Waterway at Harbourside will be connected by glass-enclosed overhead walkway (Photo by Bill DiPaolo)

The 360,000-square-foot development could generate about $750,000 annually in property tax revenue, according to town records.

HARBOURSIDE:

  • Two, five-story waterfront hotels, 178 rooms with outdoor pool on third floor. Enclosed overhead walkway between buildings.
  • Two, five-story parking garages with 929 total spaces. Parking will be validated/paid, the same as City Place. Retail stores on bottom floors of parking garages.
  • About 66,000 square feet of retail, about 55,000 square feet of office and about 33,000 square feet of restaurant space with a total of 360,000 square feet.
  • Restaurants with outdoor seating.
  • Public amphitheater.
  • 15-foot-wide sidewalk connection to Riverwalk, 2.5-mile pathway from Jupiter Inlet to Ocean Way.
  • Marina with 22 private slips and 271 feet for public boat docking.
  • Water taxi stand and trolley stop
  • Harbourside has no residential development.

- See more at: http://blogs.palmbeachpost.com/npbc/2013/10/18/parking-garages-hotels-and-retail-stores-going-up-at-harbourside-in-jupiter/#sthash.06zh0Cw3.dpuf

Source: http://blogs.palmbeachpost.com/npbc/2013/1...
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