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New Construction TRENDS in Palm Beach County

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Presentation on theme: "New Construction TRENDS in Palm Beach County"— Presentation transcript:

1 New Construction TRENDS in Palm Beach County
Property Appraiser’s Office New Construction TRENDS in Palm Beach County presenter: Dorothy A. Jacks, CFA, AAS Property Appraiser

2 Construction in Palm Beach County by Decade

3 New Plats/Condominiums Over Time

4 Deeds Over Time

5 New Construction Totals Over Time

6 Future Projects of Note
RESIDENTIAL Avenir Northwestern Palm Beach County 4,763 acres; 3,200 Homes Commercial and Hotel

7 Future Projects of Note
RESIDENTIAL Westlake-PBC’s newest City Unincorporated the Acreage 3,800 acres 4,500 Homes, 2.1 million SF of Commercial Space

8 Future Projects of Note
RESIDENTIAL Alton-Palm Beach Gardens 682 acres, 2,000 Homes & 700 Apartments; Commercial, Retail, Hotel, Office

9 Boca Raton 2017/2018 New Construction Downtown 2017
Palmetto Promenade: 389 Rental Units; 13,488 SF Commercial Hyatt Place: 200 Hotel Rooms; Restaurant Boca City Walk: 229 Rental Units 101 Via Mizner: 336 Rental Units; 19,000 SF Commercial; Hotel & Condo’s to come Royal Palm Yacht & Country Club: Clubhouse and Marina 2018 Via Mizner/Mandarin Oriental Hotel

10 Boca Raton 2017 2018 2017/2018 New Construction Federal Highway North
Scan Design: 23,000 SF Clive Daniel Home: 68,389 SF 2018 Robb & Stucky: 28,331 SF

11 FAU-Yamato-Spanish River
Boca Raton 2017/2018 New Construction FAU-Yamato-Spanish River 2017 Park Fairway: 68,449 SF Retail Broken Sound: 600+ Rental Units 2018 Allure Apts.: 282 Rental Units; 10,000 Retail Altis Apts.: 398 Rental Units FAU/Schmidt Family Complex: $40 Million Complex; Training, Weights, Practice Fields University Village: 1,343,320 SF

12 Re-Emergence of Gas Stations and Convenience Stores
Commercial Trends

13 6,000 SF of building on 2.5 acres of land
Commercial Trends Typical Gas Stations & Convenience Stores: 2,200 SF on 1 acre of land 6,000 SF of building on 2.5 acres of land Great “Hoagies”, fresh brewed coffee, no fee ATM’s & Free XFINITY Wi-Fi!

14 Commercial Trends Industrial Activity-Turnpike Corridor
Central Palm Beach County Commercial Trends Turnpike Business Center:353,000 SF; 5 warehouse buildings planned Turnpike Crossing: Can support up to 822,850 SF 6 buildings planned

15 Commercial Trends Industrial Activity-Turnpike Corridor
Central Palm Beach County Commercial Trends 3. FedEx – Distribution Center: 225,000 SF 4. Liberty Airport Center Can support up to 630,000 SF; 7 buildings planned

16 Thank you! Dorothy A. Jacks, CFA, AAS Property Appraiser presenter:
Palm Beach County Property Appraiser’s Office Thank you! presenter: Dorothy A. Jacks, CFA, AAS Property Appraiser


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