ST. LUCIE WEST, FL-Belmont at St. Lucie West has acquired a 32.9-acre parcel, suitable for multifamily development, in this Treasure Coast community for $3.55 million or $107,902 per acre ($2.48 per sf).

The affiliate of Boca Raton, FL-based E.B. Development Inc. acquired the property, located just southeast of Interstate 95 and St. Lucie West Boulevard, from Fountains of St. Lucie West Ltd. The seller is a partnership between Juno Beach, FL-based Seven Kings Holdings and Levitt Corp. The land is within a 4,600-acre planned urban development.

West Palm Beach, FL-based RJS Realty Group represented the seller in the transaction.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.