The City Council has moved to explore entering a Public Private Partnership with the DREAM Space Coast apartment complex property owners in building a new City Park at the intersection of Harrison & US1. In exchange for building the park, the complex owners would like access to the traffic light.
The vacant lot, popular for launch viewing, is currently owned by the City of Titusville, bought with municipal funds for $2,000,000 in 2006 according to public information.
According to the rendering commissioned by the City of Titusville, the park would include amenities like
I spoke with Anthony Ruben of DLP Capital Partners about the park project and he said that the Park would be an excellent addition to Titusville and the residents of the DREAM Space Coast residents. The park would be paid for with grants and funds applied for by DLP Capital Partners.
The apartment complex owners, DLP Capital Partners bought the complex in August 2018 for $14,000,000 and have been remodeling and improving the complex since then, including a new roof, new interior construction and fixing problems with plumbing that have gone unresolved since the 70’s.
Work on the main north tower is expected to be completed before 2020, with work starting on the south tower starting soon after.
Mr. Ruben also told me that the DREAM Space Coast property is creating an inclusive complex with residential, retail and even a co-working space, creating a “Live. Work. Play.” environment for residents of the complex
There is also a possibilty of a hotel being built on the vacant lot to the south of the south tower, also owned by DLP Capital Partners.
The City has not yet made any decisions on whether to enter this Public Private Partnership yet. We will keep you updated on this story as we learn new information.
Save some money at Main Street Philly