Key Takeaways
- • Starwood Capital Group and Fontainebleau Development have partnered to develop 1 Homes Jupiter Island, a 26-unit luxury oceanfront residential project in South Florida, with groundwork already underway.
- • The development consists of oceanfront estate residences ranging from 3 to 4 bedrooms and 4,000 to 6,000 square feet, positioned 30 minutes from Palm Beach with expansive terraces and ocean/intracoastal waterway views.
- • The project has secured $104 million in debt financing, with Barry Sternlicht's Starwood Capital Group and Jeffrey Soffer's Fontainebleau Development leading the initiative.
- • The residences will be delivered furniture-ready with curated fine fixtures and finishes, designed by Miami-based Swedroe Architecture and Fanny Haim & Associates.
- • The collaboration reflects Starwood Capital's real estate investment strategy and Fontainebleau Development's track record in large-scale luxury lifestyle developments across hospitality, retail, residential, and commercial sectors.
Summary
Starwood Capital Group and Fontainebleau Development have launched 1 Homes Jupiter Island, an exclusive oceanfront residential development comprising 26 estate residences in South Florida. The project represents a significant collaboration between two prominent real estate operators: Barry Sternlicht's Starwood Capital Group, a private investment firm with substantial global real estate exposure, and Jeffrey Soffer's Fontainebleau Development, known for creating iconic luxury condominium properties. Ground-level construction has commenced on the development.
The residential units range from 3 to 4 bedrooms and span 4,000 to 6,000 square feet each, all positioned on oceanfront property within Jupiter Island. The location offers proximity to Palm Beach—approximately 30 minutes away—and features expansive terraces with sweeping ocean views and intracoastal waterway access. Each residence will be delivered furniture-ready, including a curated selection of fine fixtures and finishes, with design execution handled by Miami-based architecture firms Swedroe Architecture and Fanny Haim & Associates.
The partnership has secured $104 million in debt financing to support project development. Sternlicht emphasized the development's positioning as a responsibility to "celebrate and preserve" the natural environment, articulating a sustainability-focused narrative around the project. Fontainebleau Development's involvement underscores its expertise in executing large-scale lifestyle developments spanning hospitality, retail, residential, and commercial sectors—positioning this oceanfront residential project within the firm's broader development portfolio strategy.
This deal reflects continued institutional capital deployment into South Florida's ultra-luxury residential market, with both Starwood Capital and Fontainebleau Development leveraging their respective expertise and debt access to execute a limited-supply, high-value oceanfront property development.
The residential units range from 3 to 4 bedrooms and span 4,000 to 6,000 square feet each, all positioned on oceanfront property within Jupiter Island. The location offers proximity to Palm Beach—approximately 30 minutes away—and features expansive terraces with sweeping ocean views and intracoastal waterway access. Each residence will be delivered furniture-ready, including a curated selection of fine fixtures and finishes, with design execution handled by Miami-based architecture firms Swedroe Architecture and Fanny Haim & Associates.
The partnership has secured $104 million in debt financing to support project development. Sternlicht emphasized the development's positioning as a responsibility to "celebrate and preserve" the natural environment, articulating a sustainability-focused narrative around the project. Fontainebleau Development's involvement underscores its expertise in executing large-scale lifestyle developments spanning hospitality, retail, residential, and commercial sectors—positioning this oceanfront residential project within the firm's broader development portfolio strategy.
This deal reflects continued institutional capital deployment into South Florida's ultra-luxury residential market, with both Starwood Capital and Fontainebleau Development leveraging their respective expertise and debt access to execute a limited-supply, high-value oceanfront property development.
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