12 Mar Housing Boom Expected in West Port Saint Lucie, Florida
It has been years in the making. With housing prices in South Florida reaching pre-recession highs and land there becoming scarce, the demand for new homes in Western Port St. Lucie exploding. Retiring Baby Boomers as well as young families looking for affordable housing are selecting Port Saint Lucie as the place to call their new home.
Port St. Lucie is a very desirable area in Florida. Once a sleepy little community, Port St. Lucie has grown substantially over the past few decades. Located on Florida’s Treasure Coast, St. Lucie County is 40 minutes north of West Palm Beach and 90 miles south of Orlando. With interest rates still low and 10,000 baby boomers reaching retirement age of 65 daily, both large and small homebuilders know that this areas is poised for growth due to it’s affordability, large tracks of undeveloped land, the availability of individual, relatively inexpensive lots, planned growth and accessibility to Interstate 95 and the Florida Turnpike.
In the over 55 market, Florida’s Largest Builder – GL Homes sees West Port St. Lucie as the perfect place to build over 55 communities. With extremely ambitious plans, GL is developing 3,845 acres in Riverland. Other top builders working to develop communities for the over 55 crowd include Pulte Home Co., Taylor Morrison, The Kolter Group and Kennedy Homes. For those who do not wish to be in a community with cookie cutter homes or HOA’s Port Saint Lucie Properties will build the home of your design in West Port St. Lucie offering close proximity to all of the exciting new development without being locked into a production style community.
Contributing to the demand in Port St. Lucie is the development of 1,223 acres of city owned land in Tradition on the west side of town. Recently the City Council unanimously voted to select Palm Beach Gardens-based Tambone Companies as the master developer of the city-owned property in a joint venture with the city. Tambone’s plan includes an assisted living facility, a 65,000 square foot office building and a 150,000 square foot industrial building. Also located in Tradition is Keiser University’s new 74,000 square foot, $14 million dollar campus located on 8 acres just off interstate 95.
In a separate vote, the city council approved an offer by Publix Super Markets to acquire 20 acres of the property for $3 million. Publix is expected to bring 120 jobs to the area with the opening of that location.
Bringing “World Class Healthcare to Port St. Lucie” – Located in Port St. Lucie’s Tradition is Martin Memorial Hospital which has recently announced that it has signed a definitive agreement with Cleveland Clinic to become a full member of the Cleveland Clinic health system. A pioneer in healthcare, Cleveland Clinic has been a pioneer developing many medical breakthroughs. The next steps to finalize this agreement are state and federal reviews. Martin Memorial Hospital, part of the Martin Health Care System recognizes the need for this affiliation which is expected to address the changing needs of the community, lower costs, attract world class medical professionals, enhance medical services, improve clinical outcomes and increase overall efficiencies.