Cocoa City Council Approves Seven-Story Luxury Project for 430 Brevard Ave., Cocoa, Florida

Developer Framework Group is advancing on a luxury housing project in Brevard County.

The unnamed seven-story venture is set to feature 220 to 241 apartments, and it’s expected to house anywhere from 350 to 400 people upon completion. Homes will span studio to three-bedroom units; residents would have access to various on-site amenities, such as a swimming pool and terrace, courtyard, and co-working space. There will also be a fitness center with subscriptions available to the general public

Renderings of the seven-story building. Image from Florida Today

Beyond the residential offerings, the seven-story venture would feature a six-story parking garage and 2,800 square feet of first-floor commercial/retail space. The Cocoa City Council approved the project last week. Not only is it intended to meet the demand for luxury housing in the region, but it will create 1,030 jobs – with the redevelopment operation expected to create 306, according to the Orlando Business Journal.

The wealthy residents themselves are projected to invest anywhere from $4 million to $6 million annually in Cocoa’s economy. In total, the mixed-use endeavor is anticipated to cost $95 million to complete. From the start of groundbreaking, sources estimate that it would take two years to complete.

It will occupy a 1.95-acre site that formerly hosted a Bank of America at 430 Brevard Ave., Cocoa, Florida, 32922, in Brevard County.

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