By Mary Damiano
The Village of Wellington, land of horses and wide open spaces, is running out of land. And that fact will change the way Wellington looks, and the way Wellington real estate is developed.
A 15-acre plot of land at 441 and Pierson Road is one of the last undeveloped areas in the village. There is an equestrian preserve of more than 8,000 acres that is protected from dense development, as well as large western sections that are devoted to storm water and will never see development. But analysts predict that in as little as 18 months, the 10-year-old village will out of new land for development.
As it stands now, the landscape of Wellington homes is characterized by super-sized lots, horse stalls and entire equestrian communities, offering a countrified atmosphere not found in other parts of bustling South Florida real estate.
Generally, when a growing city runs out of space, they build tighter and they build upward. The realization of the land scarcity is causing Wellington officials to take a long, hard look at what they want Wellington to be—a rambling, rural municipality with houses and barns on oversized lots or an urban area with mixed use projects of storefronts and condos.
The lack of new land could also squeeze out some affordable rentals as owners resort to condo conversions and developers tear down buildings to make way for new homes in Wellington. Developers have already begun making offers to the larger horse farms, contingent upon village approval of more development.
Village officials plan to hire a consulting firm and conduct public hearings on future development and the future of real estate in Wellington.
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