Kent Cooper, CCIM, a CFCAR past president, was awarded Deal of the Year and 17 other awards were presented.
EDEN plans to break ground in June 2022 and expects to complete the project in September 2023.
The buyer is planning on developing a mixed-use project on the site. This project will consist of a ground floor retail space with multi-family units built directly above.
The proposed project include three buildings on vacant land on 234 acres at 4670 W. Orange Blossom Trail.
Blue Osceola Apartments, LLC, an affiliate of Miami-based Waterstone Capital, acquired the property from an undisclosed seller for $11.45 million.
The three purchases, with a combined total of 568 lots, closed on Friday, Oct. 1.
The 3.82-acre site is located adjacent to the University of Central Florida.
Other phases of the development will include a mixed-use tower with 550 Class-A apartment residences and a boutique hotel. Complementing the development will be retail and restaurant spaces, structured parking garage and a waterfront activity plaza with green space.
Palm Bay has grown to become the largest city in Brevard County with a population of nearly more than 111,000.
The 80-acre property is under contract.
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