It is hoped that as the construction of single-family housing increases, new home sales in Jupiter could be set to rise as it was announced that a new properly development is set to be constructed on a tract formerly known as Parcel 19.
This move comes as it was also revealed that the former US Senate candidate Jeff Green, who took over the Omphoy Ocean Resort in Palm Beach, is expecting developments in the area to rise as he works on further plans to bring new apartments to the area.
It is hoped that the pending transformation of the area will be a boost to the local economy, as well as the region, “and this area will become a vibrant part of the area. I have every reason to believe it’s going to be successful and a big draw for people,” Green said.
The area is seeing a number of investments and redevelopments taking place, with more investors considering moving into the area as companies start to see the upside of the long-term value of real estate once again.
West Palm Beach is also seeing something of a revival as it becomes attractive to families and businesses that target families. An example is the American Top Team, one of the largest mixed martial arts teams in the world, which is moving into the area due to the greater emphasis that is being placed on families than in other locations.
As investors begin to reinvest in the area, it is hoped that the housing market, which had been hit hard by the property slump that affected the market across the country, will continue its recovery.