News
Sales to begin for retail, office and hospitality sites within 170-acre mixed-use development at US 192 and the St. Johns Heritage Parkway
Melbourne, Fla. (January 22, 2019) – Foundry Commercial, a full-service real estate services and investment company with operations across the Southeast and Texas, has been named the exclusive representative for the highly anticipated Space Coast Town Center, a mixed-use development featuring prime sites available for multi-family, retail, hospitality and office use near St. Johns Heritage Parkway in West Melbourne.
Tapped by veteran developer Edgar Jones of the Miami-based MultiVerse Global, Foundry Commercial will market retail, office and hospitality sites for sale within the 170-acre high-end community with many sites visible from I-95, US 192 and St. Johns Heritage Parkway. Construction of the multi-family component is slated to begin in the fourth quarter of 2019.
Well-known home builders such as Lennar and DR Horton have been constructing new homes in the Space Coast Town Center area for several years, serving the housing needs of a growing number of area employees in the technology, defense and aerospace industries.
On the edge of the lake within Space Coast Town Center, a village green will offer the opportunity for planned gatherings, concerts, and other recreational activities. Just north of the plaza and village green is an opportunity for a corporate office campus with lake views. The property, which is also expected to feature restaurants, cafes, and small shops, is bounded to the north by US 192 and is bisected by St. Johns Heritage Parkway.
“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 US 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.”
Plans show that Space Coast Town Center will include hundreds of thousands of square feet of office, retail and hospitality; a “green” grocery store; luxury multifamily housing units; and an attractive lake serving as the focal point for the waterfront plaza and surrounding buildings.
The developers showcased Space Coast Town Center during the International Council of Shopping Centers (ICSC) annual conference last August in Orlando.
“Space Coast Town Center 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,” stated Jones, principal, MultiVerse Global.
For more information about Space Coast Town Center, call Randy Olen or Cooper Jones at 305-401-3124.
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Photo Attached: A recent site plan of Space Coast Town Center.
About Foundry Commercial
Foundry Commercial is a full-service real estate services and investment company with 300 employees and more than 50 million square feet of management and leasing across the Southeast and Texas. Foundry provides corporate services, brokerage, leasing, building management 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. Foundry Commercial was founded as CNL Commercial Real Estate in 2007 and launched as Foundry in 2015 through a management-led buyout. 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.
Media Contact:
Lauren Leetun, APR
lleetun@findsomewinmore.com
(407) 592-7923