“A new $100 million, 72-unit luxury waterfront residential community ... includes eight four-story buildings of condominium residences with panoramic water views and private beachfront access ... WatermarkPointe’s condominiums will include contemporary and elegant two-bedroom plus den and three-bedroom residences" nrdc.com

Project Data*

Building
Budget: $
Studios: 
1BR: 
2BR: 
3BR: 72
Affordable: 0
Total: 72
Parking: 144
Stories: 4
Retail Space: 0 sqft
Occupancy
Residents: 0
Students: 0
School: Trinity

Jobs
Construction: 
Permanent FT: 
Permanent PT: 
Dates
Status: Proposal State

Planning Board Approval: 
IDA Approval: 
Constr. Start: 
Length: 0 months
Completion: 
Tax Incentives
"As Is" Tax: $
Full Property Tax: $
PILOT: $
Owner Savings: $
PILOT (yrs): 

Mortgage Tax Exemption: $
Fair Share Mitigation: $

Data Last Updated: 9/30/2018

*Data listed here is subject to change. FOIL/FOIA requests are pending to obtain any missing data. Some of these numbers are estimated. Data comes from city documents.

** GLOSSARY TERMS: "As Is" taxes are the taxes of the property before development. Full Property Taxes are the taxes of the property after development. PILOT means Payment in Lieu of Taxes, which is less than full property taxes. Owner savings is the property tax abatement in dollars and as a percent of Full Property Taxes. PILOT length is the number of years that the PILOT is in effect. Fair Share Mitigation (FSM) fees are monies collected by the City from the developer to cover future infrastructure needs. The school system gets approximately 2/3 of the FSM fees.

*** Residents are calculated as follows: Studios = 1, 1BR = 1.5, 2BR = 3, 3BR = 4.5 (NDC formula) Students are calculted as follows: Studios (*0), 1BR (*0.014), 2BR (*0.141), 3BR (*0.213) (NDC formula)

*Data updating and collection is done by volunteers and may contain the occasional error or miscalculation.

Progress Gallery

11/4/2018


11/4/2018


11/4/2018


11/1/2018


Photo by a Homeowner!

11/1/2018


Photo by a Homeowner!

9/30/2018


The new drone in action!

9/30/2018


9/27/2018


9/22/2018


Making real progress!

9/22/2018


9/22/2018


9/22/2018


9/1/2018


Image courtesy Watermark Pointe

7/14/2018


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6/17/2018


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5/28/2018


3/31/2018


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1/27/2018


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1/10/2018


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12/2/2017


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7/1/2016


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7/1/2016