Newspapers of the lower Indian River boasted that the new master planned "Port St. Lucie" (a separate plan and several miles south from the post-World War II development of the same name) would become a major port city.
In the midst of the enthusiasm, "Golden Gate," a 200 block "far reaching and modern development" was planned on land originally part of an earlier Progressive-Era town known as "Port Sewall."
The Golden Gate Building was constructed in 1925 and became the cornerstone for Martin County's first planned major residential development.
Its construction fell at around the same time that another developer had launched ambitious plans for a major development in Hobe Sound and Jupiter Island, called Picture City.
A major hurricane in Miami marked the end of the Florida real estate boom of the 1920s, and falling land values collapsed the planned community and commercial port. The economy of Florida had been stagnant for years when the Great Depression later spread to the nation in the 1930s.
DID YOU KNOW?
The walls of the Golden Gate Building are not perpendicular to each other. The building is a parallelogram, rather than a rectangle!