First Multifamily Development in Decades Breaks Ground on Merritt Island, Signaling Market Shift
The yet-to-be-named development in Merritt Island is expected to be completed by the second quarter of 2027
Woodfield Development
Woodfield Development closed on $51.2 million in construction financing May 1 for a new 296-unit market-rate apartment complex at 555 Fortenberry Road in Merritt Island.
The rare project — the first multifamily project to be built there in decades — is expected to lead to future redevelopment within that corridor of unincorporated Brevard County.
Ross Abramson, multifamily and mixed-use development partner at Raleigh, North Caroline-based Woodfield, told Orlando Business Journal the firm is in the final stages of approval with plans in place to begin construction “within the coming weeks.”
“The Space Coast is one of the most exciting …