By Stephanie Savage
— A request to build 75 townhouses on 10 vacant acres at the southwest corner of I-95 and Hood Road is scheduled for a preliminary vote at Thursday’s 7 p.m. council meeting.
Townhomes at Trevi would be a gated community of 17 two-story buildings. The three-bedroom townhouses would range in size from 1,700 to 2,200 square feet and each have two-car garages. Access would be from Hood Road and 316 parking spaces are planned, according to plans submitted by Boca Raton-based Kennedy Homes.
Also on the agenda is preliminary approval for up to 348 apartments at the southwest corner of Hood Road and Central Boulevard. Future plans for Central Gardens call for about 100,000 square feet of retail and office space, according to plans by Fort Lauderdale-based ZOM Development.
“There is a strong market now for apartments and townhouses. Many people lost their homes to foreclosure and short sales. They cannot afford a house. A townhouse or apartment is a solid alternative,” said Grace Grenfell, a Realtor with My Florida Realty in Jupiter Farms.
Kennedy Homes paid about $1.8 million for the property in February, according to Palm Beach County records.
Representatives from Kennedy Homes could not be reached for comment.
The townhouses likely will sell if they are priced lower than $340,000, said John True, owner of Oceanfront Realty in Juno Beach.
“Any higher than that, they will price themselves out of the market. There is a lot of competitively priced townhouses out there,” True said.
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