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