Listing Summary
Melbourne City Center: A Strategic Mixed-Use Development in a Federal Opportunity Zone
Full Description
Overview
Melbourne City Center is a proposed mixed-use and innovation hub designed to be a sustainable and vibrant destination. Located in the heart of Florida's Space Coast, this project is strategically situated on a high-visibility site at Babcock Street and Pirate Lane, just east of Interstate 95 and south of the Orlando-Melbourne International Airport. The property benefits from a substantial daily traffic count of 36,000, ensuring excellent exposure.
The planned development aims to attract a diverse community of residents, professionals, students, and consumers with a thoughtful blend of components, including:
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Residential: Single-family homes and apartments
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Commercial: A retail center, restaurants, and entertainment
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Professional & Medical: A dedicated campus
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Education: A university site and a charter school
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Senior Living: A purpose-built facility
This project presents a unique investment opportunity because it's located in a newly designated Federal Opportunity Zone, offering significant tax incentives for investors who use an Opportunity Fund.
Quick Glance
- Listing ID:
CL-Florida-26350
- Status:
Active
- Year Build:
N/A
- Building Size:
684,327 SqFt
- Lot Size:
15.71 Acre