Stuart approves downtown condo project with $1 million units

Developer John J. Doyle expects above-ground construction to start by the middle of next year

Miami /
Oct.October 14, 2017 03:00 PM

A developer won city approval to build a riverfront condominium downtown Stuart with units priced at approximately $1 million each.

The developer, John J. Doyle, won unanimous approval from the Stuart City Commission to build a 20-unit condominium on land along the St. Lucie River at 41 and 37 Southwest Seminole Street. The site of the development, called Seminole Bluff, is just under one acre.

Doyle said he expects above-ground construction of Seminole Bluff to start by mid-2018.

Three houses now occupy the Stuart development site, and according to the Martin County property appraiser, their combined market value is $1.63 million.

Stuart attorney and innkeeper Steven Vitale has an agreement  to buy one of the three houses, the century-old Dianne Browning Davant historic house at 41 Southwest Seminole Street, and to relocate it.

Doyle also is an active developer south of Stuart in Hobe Sound, where he is working on the community’s first major commercial developments in more than 20 years, including several restaurants and a RaceTrac gas station and convenience store.  [Stuart News] — Mike Seemuth

 

Related Articles

arrow_forward_ios
From left: Jim Cohen, Nancy Corey, Nathan Zeder, Alicia Cervera Lamadrid, Phil Gutman and Mike Pappas (iStock)
South Florida’s pandemic-fueled residential market poised for bull run in 2021
South Florida’s pandemic-fueled residential market poised for bull run in 2021
Kathleen DuRoss Ford and 300 North Lake Way (Getty, Google Maps)
Kate Ford’s Palm Beach estate sells for $55M
Kate Ford’s Palm Beach estate sells for $55M
Miami's Quadro in the Design District (Quadro Residences)
Alta Developers begins closings at Quadro at Design District
Alta Developers begins closings at Quadro at Design District
Oprah Winfrey and (inset) Lawrence Stroll over the unit (Getty)
You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
Richard Swerdlow and Bruce Goldstein 
Betting on distress: Bulk condo website launches, aimed at investors
Betting on distress: Bulk condo website launches, aimed at investors
Nick Pérez and Solemar (Courtesy of Related)
Related Group launches sales of first SoFla condo project since 2016
Related Group launches sales of first SoFla condo project since 2016
From left: Henry Torres, Jorge Perez, Alicia Cervera Lamadrid, Gil Dezer and Joseph Kavana (iStock)
“Anything and everything is negotiable”: Incentives for condo buyers mount in Miami
“Anything and everything is negotiable”: Incentives for condo buyers mount in Miami
(iStock)
A buyer’s market: Condo supply soars in downtown Miami
A buyer’s market: Condo supply soars in downtown Miami
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...