Tuesday, June 21, 2022

Housing is scarce in South Florida, but there are new developments on the way

Real estate inventory is famously scarce right now in South Florida, especially new builds.

But despite supply chain issues delaying projects and lack of available land upon which to build, there are some developments opening up for sale and lease:

Apartments coming to West Palm Beach

Almost 300 units are heading to West Palm Beach in a new apartment complex on Village Blvd., not far from I-95 or downtown West Palm Beach.

The six-building, four-story complex, dubbed Broadstone Locklyn, has a total of 280 units, ranging from 822 sq. feet to 1,326 sq. feet. One-bedroom units start at $2,374, two-bedroom units start at $2,836 and three-bedroom units start at $3,464 per month, and each one has a balcony, with units on the first floor having a private enclosed patio.

Amenities at the new complex include a nature trail around a 20-acre lake. There is also a pool, 24/7 fitness center and a theatre room. The complex is currently open for leases.

New-construction homes on acre lots

A development featuring 107 new homes also recently opened up for onsite sales and model home tours in Jupiter.

The Bridgewater community, built by a division of PulteGroup on some of the last areas of larger plots of land in South Florida, will feature homes on one-acre lots.

Homebuyers can pick from five available models: The Oakley, a one-story home with four bedrooms and 3.5 bathrooms; the Aventura, with four to five bedrooms and 4.5-5.5 baths; the Madeira, a two-story home with four bedrooms and five bathrooms; and the Layton, a four-bedroom home with 4.5 baths. The largest option is the Livingston, which ranges from five to seven bedrooms, with 5-7.5 baths.

Homes range from 3,300 to over 5,376 square feet with either three- or four-car garages. Buyers can customize the home to their liking based on a variety of floor plans.

Prices start at $1.4 million. Construction has started and the first homeowners are expected to start moving in at the end of this year.

More homes heading to western Palm Beach County

GL Homes is bringing single-family residences to western Palm Beach County as part of Arden, a vast agrihood development featuring walking trails, a five acre farm on site, and sections built by different home builders.

Homes start in the $600,000s, with floor plans ranging from 1,869 to 3,299 square feet. The nine available floorplans have two to six bedrooms with two- to three-car garages.

The homebuilder has already started breaking ground on the units.


This article is written by Amber Randall from Sun Sentinel and was legally licensed via the Tribune Content Agency through the Industry Dive Content Marketplace. Please direct all licensing questions to legal@industrydive.com.