Fontainebleau Development is planning a 10-story residential community with more than 25 units. It’s called “Savoy.” It will replace an already-existing venture erected in the 1960s.
The South Florida Business Journal reports that the new venture would comprise more than 178,000 square feet, with homes ranging from about 4,000 to 5,600 square feet each. Communal amenities comprise a swimming pool, fitness center, 52-spot parking garage, and social room.
The units come with oceanfront views.
Of the 25-plus units, three are penthouses, offering plunge pools and rooftop terraces. Two lanai units will also offer private terraces with their own pools. Homes come with floor-to-ceiling windows and offer natural lighting. The developer’s application notes that the community intends to “create a tropical modern nautical-themed structure that grows from the ground up that will take advantage of the unmatched views of air and light.”
The Commercial Observer notes that Savoy could cost $50 million to complete. Robert M. Swedroe Architects is the community’s architect. The Miami-based organization presently has six projects unfolding across Florida, with ventures in Jupiter, Sarasota, Tequesta, and Miramar.
The new complex will replace this building.
Savoy’s address is 300 South Beach Road, Tequesta, Florida, 33469, in Palm Beach County. The venture is north of Jupiter Inlet Colony and south of the Nature Conservancy Blowing Rocks Preserve.
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My parents and I used to live at this location. Penthouse South during the mid 1980s and 1990s. It’s been renovated a couple of times after my parents sold the place. Good memories there and I will be sad if they tear this place down. To be honest not sure why the current owners would want to sell as it’s a great building and very solidly built. They even rebuilt the balconies in the early 1990s. Boy I can remember all of that demolition noise when I was trying to sleep. lol
Looks like the old building is now demolished to make way for the new building. Surprised this is happening pretty quickly. It is sad to see the old building gone but life goes on.