9500 Babcock Street

• Income-Producing Land Opportunity! A current geological study shows
• approximately $180,000,000+ potentially extractible coquina rock. This
• would consist of approximately $26,878,110.00 of overburden or general
• construction fill and $156,331,900.00 of actual mineable coquina.
• • Property is 2,123 ± acres with over a mile of frontage on Babcock Street
• (5,800 ± feet) / RE Tax: $4,170
• • Income-Producing Land Opportunity! A current geological
• study shows approximately $180,000,000+ of extractible
• coquina rock.
• • Master Planned for mixed-use - 30% open space - 19 acres
• civic/public space / wildlife corridors, large storm-water
• retention/detention areas in a park-like setting
• • Land Use is 'CALUMET FARMS', a designated land in the City
• of Palm Bay (Comprehensive Plan via Ord. No. 2010-68)
• Mixed Use Development.
• • Project density: 1.5 units per acre / cap of 3,184 living units /
• Commercial and office use limited to 180,000 sf
• • Property included in the urban service boundary of Palm Bay
• for future utilities. No active water or sewer at this time.
• • Due to the St Johns Heritage Parkway being slated for
• completion by November 2019 and new I95 SJHP Interchange
• recently completed, this area is slated for high growth in the
• immediate future. This development will provide
• neighborhood and community commercial uses nearer the
• population centers of the City that are moving toward the
• future interchange. Sustainable development patterns,
• creation of village like projects, clustered developments, and
• extensive open space characterize the form of the
• development proposed.
• • Of the eastern section of the parcel, consisting of 376 acres,
• the property is currently under construction as a coquina
• mine, to be reclaimed for development upon completion.
• The mining will be executed in three phases.
• • Phase I will begin with the 80 acres on the southeast corner
• of the parcel. Of this, approximately 50 acres is currently
• being excavated for a manmade lake.
• • Phase II will also include a 50-acre lake on the northeast
• corner.
• • Phase III consists of the center section on the east side of the
• property. Phase 3 will also contain the third 50-acre lake.
• • This construction project will leave 226 acres of uplands on
• the eastern portion.
• • The Western side of the parcel consists of approximately 900
• acres, which has $22,500,000.00 in mitigation credits.
• GROWTH AND INDUSTRY HIGHLIGHTS
• • Tourism and employers have a significant impact on Brevard
• County. The Space Industry is active in Brevard County, with
• established employers include Boeing, United Launch
• Alliance, L3/Harris Corporation, Lockheed Martin/Astrotech,
• Orbital ATK, Embraer Aero Seating Technologies, Eckler
• Corporation, Knight Armament, US Aviation Training
• SolutIons and Space Coast Regional Airport. Adding to the
• industry and attraction in the area around Kennedy Space
• Center are Blue Origin, Firefly and One Web and Boeing rival
• companies for manned space flight, SpaceX and Sierra
• Nevada Corp.
• • To address the increased new demands of the space industry
• and growing cargo and cruise sector, Port Canaveral has a
• planned expansion. The area to be acquired by the Port is
• 825 feet, along with 1.89 acres of land, and 1.03 acres of
• parking. There are also future plans for crane-sharing with
• Spacex.
• • Carnival Cruise line is planning a new $163 Million terminal at
• Port Canaveral to accommodate their new Mardi Gras ship.
• In addition, Canaveral Port Authority and Disney Cruise Line
• have reached a new 20-year agreement for expanded cruise
• operations and arrival of new Disney ships.
• • The Space Coast's only international airport, Orlando-
• Melbourne International Airport (MLB) is located on Florida's
• Space Coast, in southern Brevard County. The Orlando-
• Melbourne International Airport is home to Embraer's
• assembly center for its Phenom 100 and Phenom 300, with
• their new Legacy 450 and Legacy 500 aircraft manufacturing
• facility.. Northrop Grumman, GE Transportation, L3 Communications, Thales Group, Rockwell
• Collins, General Dynamics and the world headquarters of
• Harris Corporation are all airside at MLB.
• Please click this link to view the Updated Site Plan:
• https://drive.google.com/file/d/14vsKvZRkHx35MrZvr1NiK79m77eY5g1r/view

Property Description