New 106-unit Marathon housing complex is closer to fruition

News / 02.05.2015

A 106-unit rental community in Marathon near mile marker 50.5 is moving forward after more than year of its developer hammering out the details with City Council.

Tarpon Harbour, a 12.86-acre parcel that will consist of 53 two- and three-bedroom, 2.5-bath duplexes around mile marker 50.5 oceanside, will range between $2,000 and a little more than $3,000 in rent monthly. Palm Beach Gardens-based Eastwind Development President Jack Weir hopes to have the first modular duplex townhomes on site by the end of June.

“We have had strong support from city staff as well as the council,” Weir said,” Weir said. “We’re still working on a couple of permits, like the marina. But at this point, we’re not aware of any delays that will stop us.”

Weir and the City Council initially disagreed on granting building permits. Weir requested 43 affordable-housing permit allocations and 19 market-rate permits. The City Council granted the 43 affordable-housing permits in May 2014 but would part with only 10 market-rate permits. Weir had to purchase nine market-rate permits on the open market before he could start construction.

Of the 106 units, 44 are market-rate and 62 are workforce housing. The market-rate townhomes are expected to be installed this summer with the workforce units coming in the fall. Weir hopes to have construction finished by the beginning of 2016.

City Planning Director George Garrett said Eastwind Development has to follow up small details like landscaping improvements and stormwater drainage and submit parking plans but should experience no delays moving forward.

“I’m happy to see it happen. It was approved because there are going to be workforce housing units in what we understand to be a limited housing stock,” Garrett said.

The target household income for prospective renters is $60,000 per year to $100,000 per year.

Eastwood Development is unrelated to the low-income Eastwind Apartments housing complex on Sombrero Beach Road.

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