🏗️ DIX Developments Finalizes Land Deal for Massive Ashton Park Project in Palm Bay
Reported $10M purchase completes 1,568-acre acquisition for major mixed-use community. 💰
Palm Bay, FL - DIX Developments has reportedly completed the final land acquisition needed for its massive Ashton Park project here in Palm Bay. This marks a major milestone for the 1,568-acre mixed-use community.
This final transaction, reported at $10 million, secures the last piece of the puzzle for the development. This deal likely closed around April 15, 2025, securing the last parcels for the development.
Massive Project Takes Shape 📍
Ashton Park, spearheaded by Lake Mary-based DIX Developments, is poised to transform a large area of Palm Bay. Plans call for a diverse mix of uses across the site.
According to the developer's website, the project aims to include:
3,793 single-family homes
945 townhomes
Over 746 apartment units
5.4 million sq. ft. of commercial, retail, and flex space
The total projected buildout value is estimated at an impressive $3.37 billion.
Acquisition Timeline Completed 🤝
This final reported $10 million purchase caps off a series of significant land deals for Ashton Park:
Late Dec 2024: $15.6 million secured 302 acres, including land for an equestrian neighborhood.
April 1, 2025: $74 million acquired the largest portion, 1,134 acres.
April 15, 2025 (Reported): $10 million finalized the assemblage, likely covering the remaining ~132 acres, including 222 townhouse lots.
With the full 1,568-acre footprint now secured, DIX Developments can move forward with the next phases of the project.
What Ashton Park Means for Palm Bay 📈
Ashton Park represents a transformative investment for Palm Bay and the wider Brevard County region. It's expected to significantly boost the local economy.
Projections suggest the project could add over 13,700 jobs and more than 15,500 new residents to the area upon completion. Initial construction phases, potentially including site preparation and work on the town center, are expected to commence shortly, bringing visible progress.
Learn More:
Stay updated on the official plans and progress for Ashton Park by visiting the developer's project page: 👉 https://dixdevelopments.com/ashton-park/
Summary:
DIX Developments has reportedly finalized the land acquisition for its ambitious 1,568-acre Ashton Park project in Palm Bay with a final $10 million purchase. This completes the land assembly phase, paving the way for construction to begin on the multi-billion dollar mixed-use community, which promises significant economic benefits for the city.
Curated by AI and fact-checked by The Palm Bayer.
Sun terra now this All on a 2 lane roads leading in or out does the city have the water and sewer capability and who will pay for that. And more police and fire, And when all the roads need widened or maintenance due to the high traffic use. Hold on to your wallets
This is awful!! What this means for Palm Bay is more traffic more wildlife displaced less green space. What is happening to Palm Bay is disgusting !! These builders are a bunch of jokers they don’t care about any of the above. I hope it fails!!