Exploring Palm Bay's Development Projects in July 2024 | The Palm Bayer
Palm Bay, Florida Development Projects Analysis - Transformative Growth Revealed
Palm Bay, FL - The Palm Bay community stands on the cusp of transformative growth as the latest development projects take shape. The June 2024 analysis offers an in-depth look at key initiatives aimed at boosting economic vitality, enhancing infrastructure, and improving quality of life for residents. This comprehensive review highlights the strategic investments and collaborative efforts driving the city's progress, with particular focus on the most impactful projects underway. Join us as we explore the pivotal developments set to redefine Palm Bay's landscape and future.
Development Project Totals Comparison:
Single-Family Homes:
April 2024: 3,085 units
June 6th 2024: 3,521 units (+436)
June 27th 2024: 3,607 units (+86 since June 6th, +522 since April)
Townhomes:
April 2024: 327 units
June 6th 2024: 419 units (+92)
June 27th 2024: 441 units (+22 since June 6th, +114 since April)
Duplexes:
April 2024: 86 units
June 6th 2024: 126 units (+40)
June 27th 2024: 126 units (no change since June 6th, +40 since April)
Apartment Units:
April 2024: 2,665 units
June 6th 2024: 3,085 units (+420)
June 27th 2024: 3,223 units (+138 since June 6th, +558 since April)
Commercial Space (sq ft):
April 2024: 774,694 sq ft
June 6th 2024: 1,023,386 sq ft (+248,692)
June 27th 2024: 1,157,916 sq ft (+134,530 since June 6th, +383,222 since April)
Note: Commercial space totals for June are estimates due to the lack of specific square footage for some projects.
Housing Units (Excluding Apartments)
Total Units (April): 3,498
Total Units (June 6th): 3,966
Total Units (June 27th): 4,044
Delta (June 27th - June 6th): +78
Delta (June 27th - April): +546
Housing Breakdown (June 27th):
Single-Family Homes: 3,607 units
Townhomes: 441 units
Duplexes: 126 units
Development Projects (June 27th):
Timbers at Everlands: 840 Single-Family Homes
Cypress Bay West Phase 3: 544 Single-Family Homes
Cypress Bay West Phase 2: 446 Single-Family Homes & 124 Townhomes
Malabar Springs Phase 1: 317 Single-Family Homes
Chaparral Phase 3: 165 Single-Family Homes
Palm Vista Everland Phase 1: 162 Single-Family Homes
Gardens at Waterstone Phase 3: 171 Single-Family Homes
Gardens at Waterstone Phase 2: 174 Single-Family Homes
Gardens at Waterstone Phase 1: 154 Single-Family Homes
Country Club Lakes Estates Phase 5: 150 Single-Family Homes & 46 Duplexes
Richmond Cove: 86 Single-Family Homes
Bayside Landings: 123 Single-Family Homes
St. Johns Preserve Townhomes: 120 Single-Family Homes
Whybrew Subdivision: 34 Single-Family Homes
Lipscomb Townhomes: 202 Townhomes
Bramblewood Bay: 92 Townhomes
Advantis on the Harbor: 171 Single-Family Homes
Country Club Lakes Estates Phase 4: 68 Single-Family Homes
Emerald Lakes West Phase II: 233 Single-Family Homes
Bilda Multi Family: 120 Apartment Units (NEW)
San Filippo Commercial Complex (Retail Building 10 Units): (NEW)
Logan Marine Complex: (NEW)
Tibbett Truss Plant: (NEW)
Projects in bold with an asterisk (*) are new additions to the development report since the last update.
Apartment Units
Total Units (April): 2,665
Total Units (June 6th): 3,085
Total Units (June 27th): 3,223
Delta (June 27th - June 6th): +138
Delta (June 27th - April): +558
Apartments Under Construction (June 27th):
East Shore Apartments: 656 units
Port Malabar Apartments: 305 units
Palm Breeze Apartments: 264 units
Crown Square: 252 units
Nathi Reserves Apartments: 72 units
Adelon Multi Family Apartments: 270 units
Forest Lakes Apartments: 51 units
Space Coast Commons: 31 units
Mercury Cove Apartments Phase 5: 32 units
Coconut Palms: 32 units
Gardenia Fountains Apartments: 30 units
Palm Bay Apartments: 24 units
Bellz Apartments: 8 units
Opus Apartments: 14 units
Agora Village: 34 units
Palm Bay Haven Apartments: 20 units
Apartments Under Review (June 27th):
Harbor Pointe Apartments: 352 units
Stellar Casitas: 266 units
Londale Apartments: 261 units
Rivers Edge Apartments: 150 units
AIS Bay Apartments: 80 units
Bilda Multi Family: 120 units (NEW)
The Palms Apartments: 48 units
Commercial Space (Excluding Apartment Complexes)
Total Square Footage (April): 774,694
Total Square Footage (June 6th): 1,023,386
Total Square Footage (June 27th): 1,157,916
Delta (June 27th - June 6th): +134,530
Delta (June 27th - April): +383,222
Commercial Projects by Category (June 27th):
Storage Units:
Malabar Storage: 86,903 sq ft
Cube Smart Self Storage: 67,630 sq ft
Malabar Mini Storage: 64,000 sq ft
Palm Coast Mini Storage: 115,000 sq ft
Conlan Bay Storage: 96,174 sq ft
StorSafe Storage of Palm Bay: ~101,000 sq ft (estimated based on April data)
First Choice Storage: 35,000 sq ft
Cogan Plaza at Bayside Lakes (3 Story Storage Building): 36,000 sq ft
Guyah Storage Yard: 11,070 sq ft
Mr. Stor-It: 65 Units (estimated sq ft based on typical unit sizes)
Palm Bay Shopping Center (estimated sq ft based on typical storage unit sizes)
Tibbett Truss Plant (estimated sq ft based on typical storage unit sizes)
Retail:
Shoppes at Cypress Bay (Grocery Store & Retail): 69,787 sq ft
Publix at Heritage Square: 67,287 sq ft
Aqua Retail: 46,008 sq ft
Crown Square (Retail & Grocery Store): 32,500 sq ft
San Filippo Commercial Complex: 15,440 sq ft
Bravo Supermarket: 22,500 sq ft
Cogan Plaza at Bayside Lakes: 11,282 sq ft
San Filippo Commercial Complex (Retail Building 10 Units): (NEW)
Industrial/Warehouse:
I.O Kirby Warehouse: 16,800 sq ft
Kirby Circle Warehouse: 26,200 sq ft
Fruit Distribution: 16,500 sq ft
Far Chemical Warehouse: 4,768 sq ft
Transom Paddock: 10,500 sq ft
Logan Marine Complex: 7,280 Sq Ft
Transom Paddock: 10,500 sq ft
Tibbett Truss Plant: 70,500 sq ft
Tibbett Truss Plant: (NEW)
Office Buildings:
Epler Park (Medical Office Building): 20,125 sq ft
Vakani Orthodontist: 5,888 sq ft
Patrick Harrack Office Building: 2,633 sq ft
Torres Office Building: 1,200 sq ft
Malabar Commerical Mixed Use: 3,200 sq ft
Logan Marine Complex: (NEW)
Religious Buildings:
Grace Bible Church Addition: 6,060 sq ft
Philadelphie Community Church: 2,400 sq ft
Automotive:
Mavis Discount Tires: 13,904 sq ft
J & C Automotive: 5,640 sq ft
Educational Facilities:
Odyssey Preparatory Academy: 32,654 sq ft
Gas Stations/Convenience Stores:
Circle K (Babcock Street): 4,625 sq ft
Circle K (St. Johns Heritage Parkway): 5,200 sq ft
Valkaria Convenience Store/Gas Station: 5,000 sq ft
Restaurants:
Crown Square (Restaurants): 6,193 sq ft
Tex Mex Restaurant: 2,493 sq ft
Dairy Queen: 2,208 sq ft
Miscellaneous:
Pure Life Pools: 1,440 sq ft
Trends and Observations:
Continued Residential Growth: Palm Bay continues to see strong residential development, with a notable increase in townhomes.
Sustained Apartment Construction: The consistent growth in apartment units under construction and review highlights the demand for multi-family housing options in the city.
Focus on Storage Units: Storage facilities continue to be a major area of development, reflecting the need for storage solutions in Palm Bay.
Commercial Diversification: The city's commercial sector continues to expand and diversify, with projects ranging from retail to industrial/warehousing and office buildings.
Emergence of Educational Facilities: New educational facilities like Odyssey Preparatory Academy indicate an increasing emphasis on expanding educational resources in Palm Bay.
Assumptions and Limitations:
The analysis is based on the provided data and may not be exhaustive of all development projects in Palm Bay.
Project timelines and details may be subject to change.
Square footage calculations for some projects are estimates based on available descriptions.