Developer Closes on Space Coast Town Centre in West Melbourne
Posted on September 12, 2019
Melbourne, Fla. (September 9, 2019) –MultiVerse Global officially closed on the Space Coast Town Centre, an upscale mixed-use development located at the junction of St. Johns Heritage Parkway, U.S. Highway 192, and I-95.
“Space Coast Town Centre will be a completely integrated urban community – residents can wake up and take a jog around the lake, sip coffee prepared by their neighborhood barista, walk to work or hop a short commute along the relief route, and come home to the best restaurants in town,” said veteran developer Edgar Jones, principal of MultiVerse Global.
Tapped by the Miami-based developer, Foundry Commercial will market retail, office and hospitality sites for sale within the 170-acre high-end community. Foundry Commercial, a full-service real estate services and investment company with operations across the Southeast and Texas, is the exclusive representative for the Space Coast Town Centre.
“What really makes this site unique is its proximity to St. John’s Heritage Parkway designed to help relieve the traffic in the area. With so many homes going up in the area in the past several years, there was a real need to alleviate the congestion on I-95 and U.S. 192. Now, with the relief route, those working in the technology, space and defense industries can easily travel between work and home,” said Randy Olen, principal, Foundry Commercial. “We’re proud to be a part of this major Space Coast project. Foundry brings a depth of knowledge especially with respect to retail, office and hospitality that is unparalleled.”
This announcement comes on the heels of the City of West Melbourne’s recent approval of a land use code change, the proposed Master Plan, and the Development Agreement, which green lights the construction of the highly anticipated mixed-use development. As part of these approvals, the Space Coast Town Centre is poised to offer premier, upscale multi-family apartments. Unlike many of the surrounding multi-family options, the apartments at Space Coast Town Centre will feature beautifully designed common areas and elevators that lead into spacious and luxurious apartments located on four floors of the building. In addition to the multi-family units, plans also detail hundreds of thousands of square feet of office, retail and hospitality space; a grocery store; and an attractive lake serving as the focal point for the waterfront plaza and surrounding buildings.
Construction of the multi-family component is slated to begin early next year. Integra Land Company, well-known for its experience and capabilities in the development of high-end multi-family properties, has been selected for the initial phase of the multi-family portion.
“As the only mixed-use development to be approved to date in West Melbourne, we stand at the precipice of a unique opportunity to bring to residents a stunning, high-quality and exceptionally convenient multi-family option to this region,” stated David McDaniel, President of Integra Land Company.
The developers introduced the Space Coast Town Centre plans during the 2018 International Council of Shopping Centers (ICSC) annual conference. They have also showcased the project at the ICSC RECON show in Las Vegas this past May as well as during this year’s ICSC annual conference.
For more information about Space Coast Town Centre, visit www.spacecoasttowncentre.com or contact Randy Olen or Cooper Jones at 305-401-3124.
About Foundry Commercial
Foundry Commercial is a full-service real estate services and investment company with over 330 employees and more than 50 million square feet of management and leasing across the Southeast and Texas. Since 2007, Foundry has provided leasing, brokerage, building management, corporate services and project management services, and is the largest real estate service provider to religious and not-for-profit organizations in the country. Foundry also includes a development and investment platform that is fully integrated into its services business, leveraging its local market expertise to control more than one billion in advantaged investment opportunities with their JV partners. For more information, visit www.foundrycommercial.com.
About MultiVerse Global
MultiVerse Global is a real estate company dedicated to accumulation of wealth through the talents and experience of its two founders, Edgar Jones and Bob Gorlow. MultiVerse invests in land and buildings that are large enough to make a difference in their neighborhoods; targeted towards the changing tastes of all demographic groups, especially millennials and baby-boomers; located such that there can be walkable elements in their communities; and benefit from an innovative and integrated mix of uses and the creation of delightful spaces. The MultiVerse team’s collective experience running offices for the Rockefeller Group, Prudential, Cushman and Wakefield, and Security Capital have led to successes that not only include the approval of American Dream Miami for Triple Five Worldwide, but projects from Palm Beach to Santa Fe.
About Integra Land Company
Headquartered in Lake Mary, Florida, Integra specializes in identifying new sites for development as well as shaping bold and innovative designs into sound income producing resources. ILC is able to take overlooked multifamily housing opportunities, integrate traditional multifamily principals and create innovative results.
Lauren Leetun, APR