Written by Scott Moss, President Moss & Associates
For more than a decade leaders in the Town of Jupiter, Fla., have been concerned about how development would affect the public’s access to the Intracoastal Waterway.
On June 28, after years of planning, town officials joined Nicholas Mastroianni, II, managing partner at Allied Capital & Development of South Florida, and Bob Moss, CEO of Moss & Associates, to break ground on a ten-acre, 300,000-square-foot mixed-use project that will guarantee the public’s access to the waterway and create a town center – Jupiter’s Riverwalk and Harbourside Place.
Days after breaking ground, Moss & Associates went to work on Jupiter’s Riverwalk, which is phase one of the northern Palm Beach County project. Moss is on a nine-month timetable to build a 1,100-foot Riverwalk promenade, which is part of an inter-connected public pedestrian system spanning Jupiter’s boundaries from north to south. This first phase also includes construction of a new seawall; a 209 linear foot public marina with nine public boat slips; and the installation of benches, shade structures and decorative lighting along the Intracoastal Waterway.
“Harbourside Place and Jupiter’s Riverwalk are certainly going to be a regional destination for Jupiter’s residents and tourists alike,” said Bob Moss, chairman and CEO of Moss & Associates. “The promenade is going to be a beautiful public amenity where people will be able to come and enjoy the Intracoastal Waterway, and we are excited to be a part of this transformational project in the Town of Jupiter.”
In 2012, Moss & Associates will begin construction of Harbourside Place. With an overall development cost of $144 million, the mixed-use waterfront project will include: 60,000 square feet of retail shopping, seven major restaurants, office sites, 4-star hotel accommodations with banquet and meeting facilities, an entertainment plaza, outdoor amphitheatre, cultural center and parking garages. Moss & Associates will work with the architects at Leo A. Daily, as well as local landscape architects Gentile Holloway O’Mahoney & Associates.
The town center is being funded by public, private and international sources. The Jupiter Community Redevelopment Agency has agreed to provide $5.25 million in Tax Incremental Financing over the next 15 years. Additionally, the project has received a $1.69 million grant from the Florida Inland Navigation District to assist in the construction of the Riverwalk and marina. The project will also sell Community Development District Government bonds in the amount of $22 million. Private and international investors will contribute approximately $115 million.
Approved in 2008, it is estimated that the development could generate $800,000 annually in property taxes and create more than 2,400 direct, indirect and induced jobs.
Moss & Associates is a privately held construction company that is ranked among the nation’s top 100 building contractors and seventh largest in Florida with annual revenues topping $649 million. The company has also worked on the new Florida Marlins Stadium in Miami, profiled in our June issue.