Osprey Oaks PUD - SOLD

Osprey Oaks PUD
Palm Beach County, Florida

Osprey Oaks is an 86-acre planned residential community located on the east side of Jog Road just south of Hypoluxo Road within Palm Beach County.  The project includes 171 single-family residential units, 37 Class A workforce housing units and a central clubhouse with approximately 6,000 SF.  JKM Developers functions as the development manager for BlackRock Residential Opportunity Fund on this project and has completed the following services:

  • Property identification, due diligence evaluation, market analyses, and closing with BlackRock
  • Financial modeling, risk management, monthly draw requests, and reporting
  • Direction of consultant team through conceptual design, land use entitlements, platting, engineered drawings, and permitting
  • Design review, contract negotiation & execution, and construction management & oversight   
  • Completion of all horizontal land development (paving, grading, drainage, water, sewer, utilities, and landscape)
  • Completion of vertical construction for the 37 rental units, cabana & pool and entry features
  • Formation of a Community Development District (CDD) and issuance of $1.65M in bonds
  • Negotiation of lot take-down deal with regional builder; subsequent closing coordination and financial tracking