Albany Ave, Joan Jefferson Way & SR A-1-A, Stuart, FL 34994
67,953.60 SF | Land
This is a 1.56 acre SITE-ONLY conditionally approved for a full service, mixed use hotel - it encompasses an entire blok in the heart of downtown Stuart, sailfish capital of the world. Stuart sits in the middle of the emerging Research Coast corridor, with Scripps to the south and Torrey Pines to the north. The City Commission has unanimously endorsed a zoning change, as well as the prelininary scale and design of the project, which currently shows 170 rooms and 30,000'+ of mixed use retail, professional, spa, and restaurant. The site looks at the wide St. Lucie River, and is within comfortable strolling distance to all of the shoppes, restaurants and Lyic Theater in the quaint-yet-vibrant downtown. The level of broad support includes the City, County, Business Development Board, Downtown Business Assoc, Martin County, Hotel/Motel Association, and more. It is poised for a speedy approval across the board once final architectural and use plans are submitted. The present designs have been developed by the award winning team @ Peacock & Lewis, in-house architects for The Breakers in Palm Beach. The property is being offered subject to site plan approval.
The site has been heartily endorsed by a variety of flags and independents. This region is starved for accommodations, let alone a full service landmark. The County's largest industry is tourism, yet, ironically, there are not enough rooms to serve its visitors. Early interest in leasing planned retail and office has been steady, as there are no vacancies in the downtown district. Smith Travel Research reports are available for ADR's.
AGAIN, THIS IS A SITE-ONLY PRELIMINARILY APPROVED FOR A MAJOR MIXED-USE HOTEL-RETAIL-PROFESSIONAL-RESTAURANT DOWNTOWN ANCHOR