Rio Marine Village could reach completion within the next two-and-a-half years. After being in the works for nearly 15 years, the venture will offer 192 residential townhomes and apartments, per TC Palm.
The mixed-used venture would also offer three restaurants and marine and retail buildings. The U-shaped development will rest on a 15.5-acre plot. Rio Marine Village is part of a larger venture that will take shape in seven phases. The larger venture will cost over $1 billion to complete.
The venture measures 15-plus acres.
Construction is more than assembling the residential and commercial ventures; developers are also going to spend about $4.5 million to replace the already-existing seawall, as well as an additional $2.7 million to add docks and storage for boats. TC Palm reports that this would add 39 boat slips.
WPTV reports that the venture’s eastern portion was officially approved in 2018. Prairie Ridge Development Group LLC is the venture’s owner. Charlan Brock & Associates, Inc. is the architect, and Verdex Construction is the general contractor.
All involved parties are based in Florida––except the owner, who is based in Elmhurst, Illinois. Rio Marine Village’s address is Northeast Dixie Highway & Northeast Martin Avenue, Rio, Florida, 34957, in Martin County. The venture sits on the St. Lucie waterfront.
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