Friday, October 27, 2006

New Riverwalk Spurs Growth of Jupiter Real Estate

By Mary Damiano

The new Riverwalk project in Jupiter, which was designed to keep the ocean accessible to the public, is spurring growth in Jupiter real estate.

Nestled under the Indiantown Bridge, one of the first phases of the project is being celebrated by city officials and residents of Jupiter. But while it was designed to keep residents who don’t live along the water from getting squeezed out of an accessible waterfront, Riverwalk is actually attracting developers, eager to build town homes and condos in Jupiter.

Several communities already back up against Riverwalk, including Mangrove Bay. Several of the newer developments helped pay for the Riverwalk project, in exchange for the right to build extra stories and more condos in Jupiter along the water.

One of the proposed projects of new development is called Harbourside, and plans include a parking garage, shops and restaurants, all designed to maintain the small-village feel of the homes in Jupiter Inlet Colony.

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