What a $10 Billion Bet Means For Jupiter

Stephen Ross’s Related Ross says it has more than $10 billion in planned investment across Palm Beach County, with projects spanning offices, luxury residences, hotels, retail. That is a substantial commitment to the future of our area. Related Ross

The part that interests me most as a Jupiter broker is the employment those projects could bring. ServiceNow announced a regional innovation hub at Related Ross’s 10 CityPlace in West Palm Beach, with the expansion projected to create more than 850 jobs through 2030. ServiceNow announcement

Right here in Jupiter, Voloridge announced an additional property acquisition at Harbourside Place in February, with the expansion expected to support approximately 100 to 200 new professional positions, including technology roles. The company has been headquartered at Harbourside for more than a decade. Voloridge announcement

This is why I am optimistic about our area over the long term: established companies are committing to a future here.

My view is that a growing employment base could strengthen housing demand across northern Palm Beach County over time. Those announcements do not tell us how many employees will buy in Jupiter, what they will spend, which neighborhoods they will choose.

They also do not justify adding $200,000 to your asking price because a billionaire is building down the road. Your home still needs to make sense against the other properties available to your buyer today.

Curious what that means for your property? Reply with your address for a realistic price range based on recent comparable sales.

Another $118 million bet near Jupiter

A developer just secured $118.6 million to build an office tower in Palm Beach Gardens. As someone building my own business here in Jupiter, that gets my attention. The project is The Palm at PGA Station, near PGA Boulevard by Alternate A1A. According to Berkadia, which arranged the financing,

Weekend Escape, 60 Miles From JUP

Quail Creek Residences is a private ranch escape about 60 miles from Jupiter. Only 26 estate residences will be built inside the 5,000 acre Quail Creek Sporting Ranch in Okeechobee. Homesites range from 5 to 20 acres. Residences start at $5,000,000. The ranch is built for people

August Numbers Are In for JUP RE

The August numbers are in, with the median single family home price in Jupiter at $1,035,000 and the year to date median at $1,075,000, up from $988,750 during the same period last year. Activity remains strong, with 89 homes closing in August compared with 71

Jupiter’s Proposed Tax Rate Is Changing

If you looked at Jupiter’s proposed tax rate this year, one number probably jumped out. The Town’s proposed millage rate is 3.5886 mills, up from 2.3894 last year. That is about a 50% increase. But that does not mean your Town and fire taxes are going

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Another $118 million bet near Jupiter

Weekend Escape, 60 Miles From JUP

August Numbers Are In for JUP RE

Jupiter’s Proposed Tax Rate Is Changing