Havens at Palm Bay: New Build-to-Rent Community Takes Flight on the Space Coast 🚀

Stellar Communities and AARE Partner to Meet Growing Housing Demand

Palm Bay, FL -- As the Space Coast's aerospace and tech sectors continue their meteoric rise, Palm Bay is set to welcome a new residential development tailored to the needs of its expanding workforce. Havens at Palm Bay, a 266-unit build-to-rent community, is poised to offer a unique blend of comfort, convenience, and modern living.

Developed by Stellar Communities and Adam America Real Estate (AARE), Havens at Palm Bay will feature one-, two-, and three-bedroom single-story casita-style units, designed to provide residents with a sense of spaciousness and privacy. The community will boast a range of high-end amenities, including a resort-style pool, clubhouse, tot lot playground, dog park, and self-storage facilities.

Strategically located across from a Publix-anchored shopping center, Havens at Palm Bay offers residents easy access to everyday essentials and retail conveniences. Its proximity to major employers like NASA, SpaceX, and L3Harris makes it an ideal choice for professionals seeking a short commute and a vibrant lifestyle.

The project has garnered significant financial backing, with JLL Capital Markets securing a $52.7 million non-recourse construction loan. This investment underscores the confidence in Palm Bay's growth potential and the demand for high-quality rental housing in the region.

"Havens at Palm Bay will offer a unique living experience in one of the fastest-growing, innovation-driven markets in the country," said Larry Baum, Founder & Managing Partner of Stellar Communities. "We are excited to partner with AARE to bring this exceptional community to life."

The development comes at a time when Palm Bay's housing market is experiencing a slight cooling trend. However, the demand for rental properties remains strong, driven by the influx of new residents drawn to the Space Coast's thriving job market.

Havens at Palm Bay is expected to be completed in 2026. With its prime location, modern amenities, and focus on resident comfort, it is poised to become a sought-after address for those seeking a vibrant and convenient lifestyle in the heart of Florida's Space Coast.

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