The site is composed of two adjacent land parcels located at 4534 and 4546 County Line Road in Tequesta, Florida, an upscale and affluent neighbourhood with attractive demographics. The site has good visibility, limited to its residential area. However, County Line Road does extend east to the waterfront and connects, 0.8 mile away, to the well-travelled north-south Federal Highway (US Hwy A1A/US1), and to the west it provides eventual access beyond Jupiter Inlet and significant additional residential areas. Additional connectivity to the west is via Tequesta Road, approximately one mile south, or W. Indiantown Road about 2.5 miles south, with access to the I-95 highway. Palm Beach International and Ft Lauderdale-Hollywood Int’l Airports accommodate air travel.
The surroundings are also multifamily housing, recreational facilities, marinas and the Atlantic Ocean lay to the east, with the scenically gorgeous Jupiter Inlet tributary and Loxahatchee River just west of the site. The area maintains a good balance of residential, retail, tourist accommodation, state and nature parks, and numerous golf clubs, including Jupiter Hills Golf Club.
The demographic trends impacting the seniors housing sector are positive. As of the 2010 census, there were 40.3 million elderly Americans (those aged 65 and older), making up nearly 13% of the total population. The elderly population is expected to almost double by the year 2030 to 72 million, to make up 19% of the total population. Much of the forecast growth will occur between 2010 and 2030, when the 76 million strong “Baby Boomer„ cohort will enter their elderly years, driving an unprecedented demand explosion in services for seniors. On average between 2011 and 2030 11,500 Baby Boomers per day will celebrate their 65th birthday.