New Construction Projects in Gifford, Florida

Project 1: Gifford Gardens

• Developer: Indian River Habitat for Humanity
• Location: 40th Avenue / 4730 40th Ave, Gifford, FL (3.3-acre site, former site of demolished Gifford Gardens apartments)
• Type: Residential (affordable single-family homes)
• Units/Size: 14 single-family homes (each 3 bedrooms, 2 bathrooms, 1-car garage)
• Status: Under Construction (groundbreaking June 2025)
• Expected Completion: December 2026 (approximately 12–18 months from groundbreaking)
• Description: Affordable housing development featuring energy-efficient, sustainable single-family homes with native plant landscaping to support environmental goals and protect the nearby Indian River Lagoon. Homes are targeted at working families earning no more than 80% of area median income, with initial mortgage principals around $125,000–$200,000.[1][2][3]

No other significant new construction projects (residential, mixed-use, or commercial) matching the criteria were identified in verifiable sources for Gifford specifically. Scattered individual new-build homes or lots appear in real estate listings for the broader Vero Beach/Gifford area (ZIP 32967), often associated with builders like GHO Homes, but these do not constitute named multi-unit projects within Gifford boundaries. A 2022-planned 189-unit rental community (Grand Pointe by PAC Land Development) had no confirmed recent updates or current status in available sources.