Palm Bay development slated to bring 2,700 homes after $28 million land deal
Thousands of new homes could be coming to South Brevard County with construction beginning early next year after an Oviedo company made a major land buy last month.
Property records show SunTerra Communities scooped up over a thousand acres near Babcock Street and Micco Road in late February for just over $28 million.
Developers are looking at building approximately 2,700 residential units along with some commercial construction on the property, dubbed SunTerra Lakes, with groundbreaking beginning by the second quarter of 2025, according to the SunTerra website.
Since the completion of the St. Johns Heritage Parkway connecting Melbourne and Palm Bay on the west side of Interstate 95, homes have sprouted up like weeds as developers have plans to add thousands of housing units to the previously undeveloped land, following the county's westward sprawl.
More: Palm Bay officials celebrate opening of I-95 St. Johns Heritage Parkway interchange
Dan Edwards, a Florida partner at SunTerra properties, said South Brevard County is poised for massive growth and that the job market in the county has made it attractive for new housing. Although SunTerra Lakes is still in the beginning stages, Edwards credited the St. Johns Heritage Parkway interchange with Interstate 95 for opening up the area for housing.
"There's been a lot of growth since the St. Johns Heritage Parkway interchange opened. There's also a Publix under development at that intersection nearby," "It's clear this is the path for development. There's quite a lot of residential rooftops going up right now."
"We're looking at other projects now. We certainly feel there's a lot of potential and growth that will occur naturally in Brevard County," Edwards added.
Later this year, construction is expected to begin on nearby Ashton Park, a large-scale, mixed-use, master-planned project off Micco Road. Orlando-based Dix Developments is expected to break down on the 1,512-acre development by the end of 2024.
It will include a 39-acre town center that will provide residents with a variety of options for groceries and other retail shopping, along with 4,107 single-family residential units, 1,625 multifamily rental units, 1,031 town homes and more than 5.4 million square feet of commercial/flex space.
Other large-scale projects near South Brevard and Palm Bay include Everlands, a subdivision with single- and multi-family residences that will bring 1,238 homes on 450 acres north of Palm Bay Regional Park and east of St. Johns Heritage Parkway.
Tyler Vazquez is the Brevard Watchdog Reporter at FLORIDA TODAY. Contact Vazquez at 321-480-0854 or tvazquez@floridatoday.com.
This article originally appeared on Florida Today: Palm Bay development could bring 2,700 homes to property in South Brevard
