A Houston-based developer and its partner have plans to start construction on a multi-family housing development in Cocoa. The Orlando Business Journal reports that the Brownstone Group and Carter Funds recently purchased 53 acres, 14 of which will host the apartment complex. The remaining acreage will serve as wetland preservation space.
The project is called Allegra at Cocoa. Upon its anticipated completion in summer 2025, it will offer 312 homes. Yield Pro notes that the residences will boast “modern architectural designs and premium finishes.”
Allegra at Cocoa will be located two miles west of a future Brightline Station at the Cocoa Curve. Image from Florida Today
Communal amenities include a resort-style swimming pool with outdoor grills and kitchens, a pet spa, fitness and wellness center, and detached parking garages. Yield Pro adds, “This project aims to blend modern living with the relaxed coastal charm of the Cocoa Beach community.”
At the time of publication, our sources did not reveal a price point for the apartments. Rentcafé notes that the average rent for a 1,107-square-foot apartment in Cocoa hovers around $1,556 a month. Allegra at Cocoa could offer homes for this rate, but this was not officially confirmed.
Our sources indicate that Allegra at Cocoa will be located east of I-95 at the intersection of State Road 524 and Cox Road, two miles west of the future Brightline Station where State Road 528 meets the Florida East Coast Railway.
Subscribe to YIMBY’s daily e-mail
Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews
This is Great for cocoa catching up with the times and getting rid of the old fashion bring in some restaurants and fast food places like Chipotle, Chick Fil A, kekes, first watch