Fully Entitled Mixed-Use Development Site
Banyan Groves | Mixed-Use Development Site
Marketing description
Presenting a rare opportunity to acquire a fully site plan approved, mixed-use development lot known as Banyan Groves, located at the prominent corner of SE Bridge Road and SE Lares Avenue & Anstis Place in the heart of Hobe Sound, Florida.
The approved plans call for a meticulously designed, boutique project featuring (6) luxury three-story townhomes alongside a mixed-use building with over 4,500 square feet of commercial space and residential apartments above. The townhomes are designed as high-end urban residences, each offering 3 bedrooms, 4.5 bathrooms, two-car garages, and multiple private balconies. The mixed-use component includes two-bedroom, two-bathroom apartments with balconies oriented toward Bridge Road, creating an elevated residential experience within a walkable setting.
At the ground level, the commercial space has been curated in response to community demand, with plans accommodating two restaurant concepts—a full-service dinner establishment and a healthy fast-casual lunch option—alongside boutique retail. Early interest from restaurant operators further validates the viability of the concept.
The project has undergone an extensive approval process, receiving sign-off from over 17 departments within Martin County, including ADA compliance, civil engineering, landscaping, and full utility approvals through South Martin Regional Utility, with planned connection to the nearby lift station. Additionally, the existing AT&T above-ground easement is planned to be relocated underground.
With no comparable projects in the pipeline and limited future development due to strict Smart Growth regulations, Banyan Groves represents a fully vetted, shovel-ready opportunity in one of South Florida’s most supply-constrained and affluent coastal markets.
Investment highlights
Fully Entitled, Shovel-Ready Development Site
±0.64-acre corner parcel offered with full site plan approvals in place for the Banyan Groves mixed-use project—significantly reducing development timeline, entitlement risk, and upfront soft costs.
Irreplaceable Entitlements in a Highly Regulated Market
Located within Martin County’s stringent Smart Growth framework, which restricts height, density (6–10 units/acre), and FAR—making approvals of this scale extremely difficult to replicate today.
Surrounded by Ultra-High-Net-Worth Demographics
Located between some of the most affluent communities in the country, including Jupiter Island to the east and elite golf enclaves such as Apogee Golf Club, Grove XXIII, and Atlantic Fields to the west.
High Barriers to Entry / Limited Future Supply
Strict zoning regulations and limited available land within the CRA create a supply-constrained environment, positioning the project for strong long-term value and demand.
Comprehensive Data Room Available
Includes architectural plans, civil engineering drawings, site plans, topographic and boundary surveys, geotechnical reports, and plat plans—providing a seamless transition to development.
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