Media Moves

Kiplinger family wants to turn Florida property into industrial park

March 31, 2011

The Kiplinger family that operates Kiplinger’s Personal Finance and other publications wants to develop a piece of property it owns in South Florida into an industrial park for biotech and aviation companies.

George Andreassi of the Scripps newspaper in Stuart, Fla., writes, “The Kiplinger team anticipates submitting a formal master site plan application in three or four weeks, said Martin Bonan, a lawyer working for family. The team hopes to receive County Commission approval for the master plan by the end of the year.

“Once that happens, companies that want to set up shop on the property would buy some of the property, formulate their plans and submit them to the county Growth Management Department, Bonan said. Some companies could benefit from the county’s ‘expedited permitting’ process for industries the county is trying to attract.

“Kiplinger’s grandfather, W.M. Kiplinger, started buying property in Martin County in 1952 and the family has amassed several thousands of acres of land, most of it in Western Palm City, east of I-95 and north of Martin County, county records show.

“But Kiplinger said no other land is being proposed for development at this time and the family takes a long term view of its investments.”

Read more here.

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