Updated: Oct 17, 2020
Lisa Earnhardt remembers what the reaction was like in May after the first manned launch in Cape Canaveral since 2011.
"The phone was ringing off the hook," said Earnhardt, the sales and leasing associate with Titusville-based real estate firm Rocket City Real Estate LLC.
Indeed, tens of millions of dollars of new construction is in the works in Titusville, as developers seek to cater to demand caused by the area's booming space and defense industries. Projects planned include apartments — where none are currently in construction — single family homes, shops, senior living and more. A proposed hotel project in downtown Titusville would be the only one in the urban center.
Perhaps the largest need is for more residential space. Real Estate broker have seen an uptick in demand in recent months as more people move to Brevard County due to new jobs being created. For example, some homes are selling in roughly four hours.
"People are just starting to take note and take it seriously," Earnhardt said.
And one of the biggest projects planned, Horizon at Sand Point in downtown Titusville, aims to cater to that residential demand. Pompano Beach-based KD Construction of Florida Inc. wants to develop 384 luxury apartments that rise eight stories, two parking garages and potentially hotel and retail space for a site south of U.S. Highway 1 and north of Garden Street, according to plans submitted to the St. Johns Water Management District. The project may cost in excess of $73 million to build, based on industry standards, and would create at least 730 temporary construction jobs. It would also bring new homes to the fast-growing Brevard County city.
The project would also offer views of the rocket launches and the Indian River. Meanwhile, Cincinnati-based North American Properties wants to tap into an in-demand real estate sector in Brevard County: industrial space. The developer bought 21 acres southeast of U.S. Highway 1 and the NASA Causeway in Titusville on June 25. The company's plans aren't finalized, but a phase one plan calls for multiple buildings with office, office/warehouse and manufacturing space along with commercial space.
"We do not see the space being available for smaller vendors and suppliers who support the larger space players," McIntyre previously said of available industrial space. "It doesn't really exist." New construction is an important regional economic driver. It creates jobs, while also providing more space for companies involved in e-commerce, logistics, housing and other industries.