This development site sits at the SEC of the traffic lit intersection of Northlake Boulevard and Seminole Pratt Whitney Road in West Palm Beach, Florida. A very compelling market with ongoing growth and future growth potential projecting west and north.
A ground lease is near finalized with a national corporate gas/convenience store on the hard corner. The balance of the site’s layout may be adjusted to accommodate a particular user’s needs. Freestanding outparcel opportunities available for retail, restaurant, medical, and/or office uses. By way of a test fit, the site can accommodate a drive thru. A test fit has also been performed showing approximately 20,000 sq.ft. 2-story medical/medical office building.
The overall site consists of ~4.5 net acres. A very compelling opportunity at the crossroads of the large existing Loxahatchee market consisting of 15,000+ homes, plus the several thousand homes being built to the south at Westlake and several thousand more to the east at Avenir, Ibis, Ironhorse, additional road expansions other municipal projects planned – not to mention the captivity, traffic, and upside potential with future western/northern growth. Seminole Pratt Whitney Road is proposed to be extended to the north. The corner of Northlake Blvd and Seminole is a primary means of funneling traffic for the abundance of rooftops. The number of homes coming online at Westlake to the south (~3,800 acres - approved for ~4,500 homes, ~2.2-million-square-feet of commercial space) as well as Avenir to the east ( ~4,750 acres - approved for ~3,900 homes, ~2,000,000 sq.ft. of office, ~400,000 of retail) will bring even more traffic to this intersection. Both of these sites are under construction with occupants moving in daily. Indian Trails is also proposing ~3,800 homes which would be immediately to the west. We are in the process of obtaining our approvals and anticipate firming up a timeline for by year’s end. We hope to break ground in 2025. Tons of growth currently ongoing. Very strong demos, multi-million dollar homes, and this new market is attracting big money out west. Jack Nicklaus is doing a golf course out at Avenir. Westlake is crushing it. A great opportunity to cater to this rapidly growing market with tremendous upside
Jarrett Brock
Brock Development Corporation