New Construction Projects in Cape Canaveral, Florida

Project 1: EverHome Living Townhomes (Townhouse Village)

• Developer: EverHome Living (Miami-based, founded by Douglas Caraballo)
• Location: Off Astronaut Boulevard / near Central Boulevard on the Banana River, Cape Canaveral, FL
• Type: Townhomes (Residential)
• Units/Size: 94 three-story townhomes; 3-4 bedrooms, approximately 2,800 sq ft each
• Status: Announced / Pre-construction (permitting stage; groundbreaking planned by end of 2026)
• Expected Completion: Not publicly specified (homebuilding targeted to begin around April 2027)
• Description: “Attainable luxury” townhome community featuring private rooftop terraces designed for viewing rocket launches from Kennedy Space Center; emphasizes modern design and Banana River views.[1]

Project 2: Compass by Margaritaville Hotel (Compass Hotel Cape Canaveral)

• Developer: Port Hospitality Group LLC (in partnership with Margaritaville brand)
• Location: Near Port Canaveral, Cape Canaveral, FL
• Type: Hotel (Hospitality / Commercial)
• Units/Size: 150 guest rooms, 6-story building
• Status: Under Construction (broke ground July 2026)
• Expected Completion: Late 2027
• Description: $38 million boutique hotel with rooftop observation deck for rocket launch views, outdoor pool, dining, meeting space, and resort-style amenities targeted at cruise passengers, beach visitors, and space tourists.[2]

No other significant new construction residential, mixed-use, or major commercial projects in Cape Canaveral proper were identified in verifiable recent sources. Many related developments (e.g., port expansions, facilities at Cape Canaveral Space Force Station) are located at or adjacent to Port Canaveral or the Space Force Station rather than within the city limits of Cape Canaveral. Limited public information is available on additional projects.