The Real Deal Miami

Jupiter council OKs Lakewood project

Construction of $150M mixed-use project could start in early 2015
July 16, 2014 01:30PM

Indiantown Road in Palm Beach County

Indiantown Road in Palm Beach County

A scaled down version of developer Otto “Buzz” DiVosta’s Lakewood project was approved by Jupiter’s Town Council on Tuesday.

Council members voted 4-1 to allow the redesigned mixed-use project on 265 acres on the northwest corner of Indiantown Road and Florida’s Turnpike. The plans for Lakewood now call for 275 residential units, a 5,000-square-foot restaurant, 150,000 square feet of biotech office and research space and a 15,000-square-foot pharmacy. DiVosta hopes to start construction on the $150 million project in early 2015.

“We appreciate that the density has been decreased,” Jupiter Councilwoman Wendy Harrison said before voting, as cited by the Palm Beach Post. “Trail connections have been added. The developers have worked to lower the impact to the Loxahatchee River.”

Councilman Jim Kuretski was the only member to vote against the project. He cited the “unacceptable gridlock” Lakewood would create on Indiantown Road. [Palm Beach Post]Eric Kalis