Listing Summary
Melbourne City Center: A Strategic Mixed-Use Development in a Federal Opportunity Zone
Full Description
Overview
Melbourne City Center is a planned, sustainable mixed-use development and innovation hub located in the heart of Florida's Space Coast. The project is strategically positioned on a highly visible site at Babcock Street and Pirate Lane, east of N Federal Highway in desirable Melbourne. With a daily traffic count of 36,000, the property offers excellent visibility and is conveniently situated east of Interstate 95 and south of the Orlando-Melbourne International Airport.
Development Vision
Designed to attract a diverse community of residents, professionals, students, and consumers, Melbourne City Center will feature a comprehensive blend of uses:
-
Residential: Single-family homes and apartments
-
Commercial: A vibrant retail center, restaurants, and entertainment venues
-
Professional: A dedicated medical and professional campus
-
Educational: A university site and charter school
-
Senior Living: A purpose-built facility
Investment Opportunity
This project presents a unique investment opportunity as it is located within a newly qualified Federal Opportunity Zone. This designation, part of the Tax Cuts and Jobs Act of 2017, provides significant tax incentives for investors who utilize an Opportunity Fund.
Quick Glance
- Listing ID:
CL-Florida-26325
- Status:
Active
- Year Build:
N/A
- Building Size:
374,616 SqFt
- Lot Size:
8.60 Acre