The Village of Royal Palm Beach will gain 370 acres of residential and commercial developments by the end of this year.
The village council has agreed to annex three subdivisions and two business areas off of State Road 7 and Okeechobee Boulevard. This will increase the land by 5 percent, a prospect that makes many residents and officials happy. These soon-to-be homes in Royal Palm Beach will benefit the village, bringing in more tax dollars than the actual price of providing utilities for the new properties. Officials can use the money for various uses such as constructing more developments of high quality.
The new commercial area lies between State Road 7 and Belvedere Road where the former Mounted Posse Grounds used to be. Developers will build nearly 100,000 square feet of offices and businesses. The village also has new projects in mind along State Road 7 and Okeechobee Boulevard, including an 11-acre community with townhouses and more than 73,000 square feet of commercial buildings.
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