Palm Bay’s Building Boom Continues: Development Projects Analysis - June 2024
Palm Bay Shows Steady Growth in Housing, Apartments, and Commercial Space 🚧🏡
Palm Bay, FL - Palm Bay is experiencing a surge in development, with positive growth numbers across all tracked segments. This analysis provides an in-depth look at the latest data from April to June 2024, illustrating the city’s ongoing expansion in housing, apartment units, and commercial space.
Housing Units (Excluding Apartments)
The total number of housing units has increased from 3,498 in April to 3,966 in June, marking a growth of 468 units. Here’s a closer look at the different housing types:
Single-Family Homes: Increased from 3,085 in April to 3,521 in June, an addition of 436 homes.
Townhomes: Increased from 327 in April to 419 in June, an addition of 92 units.
Duplexes: Increased from 86 in April to 126 in June, an addition of 40 units.
Key Development Projects (June) 🏗️
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
Apartment Units
The total number of apartment units has risen from 2,665 in April to 3,085 in June, reflecting a growth of 420 units.
Under Construction 🚧
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
Under Review 🔍
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
The Palms Apartments: 48 units
Commercial Space (Excluding Apartment Complexes)
The total commercial space has expanded from 774,694 square feet in April to 1,023,386 square feet in June, an increase of 248,692 square feet.
Breakdown by Category
Storage Units: Approximately 594,000 sq ft
Retail: Approximately 189,000 sq ft
Industrial/Warehouse: Approximately 79,000 sq ft
Office Buildings: Approximately 35,000 sq ft
Religious Buildings: Approximately 10,000 sq ft
Automotive: Approximately 15,000 sq ft
Educational Facilities: Approximately 33,000 sq ft
Gas Stations/Convenience Stores: Approximately 15,000 sq ft
Restaurants: Approximately 10,000 sq ft
Miscellaneous: Approximately 2,000 sq ft
Projects by Category 🏢
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: Approximately 101,000 sq ft
First Choice Storage: 35,000 sq ft
Cogan Plaza at Bayside Lakes: 36,000 sq ft
Guyah Storage Yard: 11,070 sq ft
Mr. Stor-It: 65 units (estimated square footage)
Palm Bay Shopping Center: Estimated square footage
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
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
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
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: The increase in housing units highlights ongoing residential development.
Shift Towards Townhomes: The rise in townhome construction points to a growing demand for this housing type.
Continued Apartment Construction: The significant number of apartment units under construction and review indicates a persistent need for multi-family housing.
Focus on Storage Units: The substantial growth in storage unit projects reflects a high demand for storage solutions.
Commercial Diversification: The commercial sector shows diversification with projects ranging from retail to industrial/warehousing and office buildings.
Emergence of Educational Facilities: Development of educational facilities such as Odyssey Preparatory Academy signals a commitment to expanding educational resources in Palm Bay.
Assumptions and Limitations ⚖️
The analysis is based on the provided data and may not encompass 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.
Palm Bay Development Project Totals Comparison 📊
Single-Family Homes: Increased from 3,085 in April to 3,521 in June, a growth of 436 homes.
Townhomes: Increased from 327 in April to 419 in June, a growth of 92 units.
Duplexes: Increased from 86 in April to 126 in June, a growth of 40 units.
Apartment Units: Increased from 2,665 in April to 3,085 in June, a growth of 420 units.
Commercial Space: Increased from 774,694 sq ft in April to 1,023,386 sq ft in June, a growth of 248,692 sq ft.
For further information and continuous updates, please visit The Palm Bayer and consider subscribing for regular updates on Palm Bay’s development projects.
Palm Bay really has beautiful natural resources. Parts of Palm Bay have the Indian River. Other parts have natural citrus trees in the wooded areas. One of the most interesting aspects is its rich archaeological sites dating back to almost 10,000 years ago. In fact, skeletal remains were found in the woods behind my house growing up. Later on, I learned those woods were actually the site of a lot of other Indian artifacts like pottery etc. Those exact woods also had huge grapefruit, tangerine and orange trees among the beautiful oaks and other natural flora. Unfortunately, the city of Palm Bay signed off on turning those woods into a housing community after the land was purchased from out of state developers. The developers had the woods cleared and then they ran out of money. So not only did the animals lose their habit, food source and lives. But humanity lost a piece of its history, just so some sleezy developers and dirty politicians could line their pockets. It's sad. This area really has so much potential. But year after year those who've been elected to make positive and wise decisions for the future of the city, continuously let us down. Their only concerns seem to be the growth of their bank accounts. Every last inch of remaining land we have appears to be for sale. This is a city that had so much potential and could have been planned out in a way that made life here better for us all while preserving some of our natural resources that made this town beautiful. Now over 90% of this city is residential, warehouses, dollar stores and car washes. Such a waste.
With all these builds, what about the EMS & FIRE??? WE NEED A NEW FIRE/EMS ON HERITAGE! 23 minutes for chest pain is UNACCEPTABLE! SCARY!! PAY MORE FOR OUR DEDICATED EMS FIRE WORKERS!