Sunterra’s $28M Land Buy Ignites Palm Bay’s Development Boom 🔥🏗️
Sunterra’s $28M Land Buy Ignites Palm Bay’s Development Boom 🔥🏗️
1,900 Acres of Potential: Sunterra’s Big Play 🌴💰
Brace yourselves, Palm Bay! 🚨 Sunterra Communities just made a move that’s set to shake up the development scene in a big way. They’ve snapped up a jaw-dropping 1,900 acres of undeveloped land for a staggering $28.75 million. 💸 That’s right, we’re talking about one of the largest remaining land parcels in the county, and it’s got “game-changer” written all over it! 🎉
Prime Location, Unlimited Possibilities 📍🌇
Situated west of I-95 near the brand-new St. Johns Heritage Parkway interchange, this land is primed for greatness in the heart of thriving Palm Bay. 🌴 Sunterra first acquired this treasure back in the '90s with visions of a master-planned community called “Emerald Lakes.” While those plans didn’t quite come to fruition, the potential is still as bright as the Florida sun! ☀️
A Developer’s Dream Canvas 🎨🏡
Sunterra is ready to turn this blank slate into a masterpiece. They’ve partnered with CBRE to market this expansive tract for residential, commercial, or industrial development. 🏘️🏢🏭 Imagine a vibrant, mixed-use community complete with homes, shops, offices, and even a glistening 125-acre lake as the centerpiece! 🌊 The possibilities are endless!
SunTerra Lakes: A Community on the Rise 🌅🏡
Get ready to watch “SunTerra Lakes” become the talk of the town! 🗣️ That’s the name Sunterra has bestowed upon this massive development, and they’re planning to bring in multiple homebuilders to make this vision a reality. 👷♂️👷♀️ With Sunterra’s track record of successful master-planned communities, it’s sure to be a hit! 🎯
Palm Bay: The Hottest Spot in Brevard 🔥😎
There’s no denying it – Palm Bay is the place to be right now! 🌴 With job growth soaring thanks to the aerospace and defense industries, and the Parkway interchange making commutes a breeze, developers are flocking to this slice of paradise. 🏝️ Sunterra’s mega land deal is just the beginning of an exciting new era for Palm Bay!
So, buckle up, Brevard County! 🚀 Sunterra’s 1,900 acres of potential are about to catapult Palm Bay to new heights. Keep your eyes on The Palm Bayer for all the latest updates on this transformative development! 📰👀 #SunTerraLakes #PalmBayRising #BrevardCountyBoom
Stop the building a lot of us picked Palm Bay to live because it wasn’t developed.
The odd part about this article is the land is not located within the city limits of Palm Bay. It is located within the county of Brevard in District 5. Currently Jason Steele's district - (who will be vacating his seat this November). The residents will have a Palm Bay address but will not be in the city of Palm Bay unless the property is annexed. The city of Palm Bay has offered to serve water and sewer to this community which is odd since Palm Bay cannot serve its existing residents with water and sewer. The new water treatment plant is still 2 years out. The house count for this development as of 8/2024 is 3247. Schools at full capacity already, horrible 2 lane road (Babcock St.), no fire station within 9 miles currently, etc. Brevard Planning and Zoning has already stated the impact fees will not cover what is needed for infrastructure. This Orlando developer is expecting the county to bring these services to his land. How much you wanna bet the taxpayers will be footing the bill?