Waterfront condo project proposed for Jupiter

Fisherman's Wharf would have 39 units including four designated for workforce housing

Miami /
Mar.March 16, 2018 03:35 PM

Renderings of Fisherman’s Wharf

Fisherman’s Wharf, a 39-unit waterfront condominium project with a few units designated for workforce housing, is proposed for Jupiter.

The developer is a company led by Mark Emalfarb, who heads the local biotech firm Dyadic International. The town council will consider the development on Tuesday. The site lies just west of the Intracoastal Waterway, on the northeast corner of Indiantown Road and Fisherman’s Way.

Emalfarb has owned the 5.2 acre site for 25 years and has tried to build on it before, but the plans never went through, according to the South Florida Business Journal. He paid $3.4 million for the site in 1993.

Plans for Fisherman’s Wharf include three low-rise condo buildings with units ranging from about 3,900 square feet to 4,245 square feet. Prices would be market rate, according to the publication.

Amenities will include a clubhouse with a pool; a conservation preserve; 122 parking spaces, with 74 in an underground garage; and four new boat slips. Sotolongo Salman Henderson Architects is the designer.

The developer also wants to build an additional three-story building with four workforce housing units that span about 1,390 square feet, each. Residents of workforce units must earn no more than 140 percent of area’s median income. The building would also offer three live/work units would have a combined 900 square feet of workspace.

In January, Rockwood Capital sold the Jupiter Beach Resort & Spa hotel for $49.35 million. The five-story hotel is about 6 miles away from Trump National Golf Club Jupiter. [SFBJ] – Amanda Rabines


Related Articles

arrow_forward_ios
The partially collapsed 12-story Champlain Towers South condo building (Getty)
Inside the tug-of-war over the Surfside condo site’s future
Inside the tug-of-war over the Surfside condo site’s future
Mike Odrich and Steven B. Fader with 113 Spinnaker Lane, Jupiter (Google Maps)
Real estate and private equity investor sells waterfront home in Jupiter for $8M
Real estate and private equity investor sells waterfront home in Jupiter for $8M
Johnny Gray and 176 Spyglass Lane in Jupiter (NHRA, Pelican Pix)
Racing team owner sells waterfront Jupiter mansion for $24M
Racing team owner sells waterfront Jupiter mansion for $24M
Value Store It President Carlos Diaz with the two properties (Diaz)
Value Store It buys two Palm Beach County properties for $35M
Value Store It buys two Palm Beach County properties for $35M
 Adam Neumann (Getty, Bal Harbour Florida)
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Nick Mastroianni II sold the property back to the sellers at a small profit (Google Maps, Nicholas Mastroianni)
Seller’s remorse: Nick Mastroianni returns Jupiter mansion
Seller’s remorse: Nick Mastroianni returns Jupiter mansion
150 Bears Club Drive, Jupiter (Google Maps)
Real estate developer buys Bear’s Club mansion in Jupiter for record $11M
Real estate developer buys Bear’s Club mansion in Jupiter for record $11M
Alex Sapir and Giovanni Fasciano with Arte by Antonio Citterio in Surfside (Photos via Arte by Antonio Citterio/PR Newswire)
Miami penthouse sets cryptocurrency sale record: $22.5M
Miami penthouse sets cryptocurrency sale record: $22.5M
arrow_forward_ios

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

Loading...