A development team led by Palm Bay-based general commercial contractor and architecture firm DFI is approaching the launch of the second phase of a mixed-use project in Satellite Beach.
An application recently submitted is the St. Johns River Water Management District shows the team is seeking environmental permits so it may introduce four new 8-story buildings on the west side of State Road A1A, directly across Hightower Beach Park.
Three of the buildings will consist of condos (49 units each) with ground-level parking, while the fourth will be a 222-room hotel located on the southern portion of the entire 27.4-acre mixed-use project known as The Vue at Satellite Beach.
Once complete, the 271,370-square-foot hotel will feature a skybridge connecting the hotel lobby with Hightower Beach Park, which stretches 18 acres and consists of ocean-front preservation land. Features for the hotel also include an event lawn, conference center with a restaurant and access to a pool and gazebo on the property.
“There are condos up and down all of A1A,” City Manager Courtney Barker said. “This is one of the few on the west side with a view of the preserved coastline.”
The 108-unit Oceana Oceanfront Condominium at 1035 Highway A1A is one of the more recently built condo developments along the beach, she said. It was completed in 2019 by Rockledge-based Tricon Development.
DFI, led by Don Facciobene, is partnering with Memphis, Tennessee-based landowners and real estate investors Jimmy and Rebecca Winemiller. An investment vehicle for the team, Woodshire-Brevard LLC, paid $13.5 million for the site in 2017. In the past, the property once featured military housing for the Patrick Air Force Base.
The Carpenter Kessel Team at Compass is marketing the first phase of the mixed-use development. Online marketing material shows the first phase, which consists of a 72-lot single-family home subdivision, is under contract and is listed for more than $15 million. The deed has yet to clear records.
Lots at the subdivision are about 50-feet wide. The developer previously told city officials the homebuilder will be Pennsylvania-based Maronda Homes and home prices at The Vue at Satellite Beach would range between $800,000 to $1 million, Barker said.
Condos will be a minimum of 1,600 square feet. Information regarding the pricing of future condos was not available. Representatives with the development team did not respond to requests for comment.
Cocoa Beach-based Allen Engineering Inc. is the engineer.