Calumet Farms - INCOME PRODUCING LAND - New Interchange Completed!!

Highlights

• 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

Description

• 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.

The subject property is located on the West side of Babcock Street south of Micco Road, 2.5 miles south of the proposed Sty. Johns Heritage Parkway Bay and on the north side of Centerlane Road in Palm Bay, Brevard County, Florida. Site is 2 miles north of C54 Canal, the Indian River County line. Babcock Street (SR 507) is a major north/south artery that runs from US 1 in North Melbourne south to Fellsmere in Indian River County. Babcock Street in the Melbourne/Palm Bay area is a major commercial corridor with many major shopping centers, retailers, restaurants, banks, and office/medical buildings destined to expand south.