Jones Lang LaSalle Americas, Inc.(“JLL”) as exclusive advisor, is pleased to present the opportunity to acquire The Vues, a ±2.35 acre in-fill multifamily development site, with a preliminary “conceptual” plan for 200 units prepared by seller, located on the Indian River in Downtown Melbourne. The Site is located just Southeast of the Melbourne – Orlando International Airport, an area that serves as the economic engine for Brevard County, and is home to a burgeoning list of defense and technology companies.
Currently under the jurisdiction of the City of Melbourne, the property is located within a special Downtown Community Redevelopment Area, and is zoned C-3, with a DMAC (Downtown Melbourne Activity Center) overlay which allows 100 UPA (units per acre*) for a permitted height of 8 stories or 96 feet. Apartments are a permitted use of the C-3 zoning.
The Vues site offers frontage along the Indian River and convenient access to downtown Melbourne, the Melbourne-Orlando International Airport, professional employment, and the beach.
- Rare In-Fill Development Opportunity
- Outstanding Multi-Housing Market Fundamentals
- Convenient Access to Top Employers and Demand Drivers
- Healthy Resident Profile