New Construction Projects in Palm Bay, Florida

Project 1: Emerald Lakes

• Developer: Lennar Homes
• Location: West of Interstate 95, near St. Johns Heritage Parkway, Palm Bay (829+ acres)
• Type: Residential (single-family, townhomes, multifamily) with planned mixed-use/town center
• Units/Size: Phase II up to 2,192 units (244 single-family lots, 75 townhomes, 1,873 multifamily); overall master plan up to 3,760 units; ~961,000 sq ft commercial/office planned in town center
• Status: Under construction/development (utilities installation underway; homes actively selling)
• Expected Completion: Ongoing, multi-year build-out
• Description: Large-scale residential community with single-family homes, townhomes, and multifamily units, plus a planned town center featuring commercial space, office, hotel rooms, and a lagoon amenity. Recent amendment approved in September 2026 added more single-family lots.[1]

Project 2: Palm Vista Everlands West (Everlands West)

• Developer: Millrose Properties Florida, LLC (with Lennar involvement in related phases)
• Location: Northwest intersection of St. Johns Heritage Parkway and Melbourne-Tillman Water Control District Canal / Pace Drive area (~1,198 acres)
• Type: Residential (single-family and multifamily) with commercial
• Units/Size: 1,600 single-family homes, 760 multifamily units, 145,000 sq ft commercial/non-residential space
• Status: Approved (July 2026); pre-construction/planned
• Expected Completion: ~2036 (phased over ~8-10 years)
• Description: Major master-planned development including homes, commercial space, neighborhood center, preserved wetlands, trails, and green space. Significant infrastructure commitments made by the developer.[2]

Project 3: Havens at Palm Bay Reserve

• Developer: Adam America Real Estate and Stellar Communities
• Location: Palm Bay (specific address not detailed in public sources)
• Type: Build-to-rent single-family homes (casitas)
• Units/Size: 266 units (one-, two-, and three-bedroom homes, ~730–1,270 sq ft)
• Status: Under construction (first 39 homes opened May 2026)
• Expected Completion: First half of 2027
• Description: New rental home community targeting aerospace and engineering workforce demand, featuring an engineered lake, pool, fitness/yoga facilities, playground, and pet amenities.[3]

Project 4: Tides at Palm Bay (Port Malabar)

• Developer: Woodfield Development
• Location: 2485 Port Malabar Blvd NE, Palm Bay, FL 32905
• Type: Mixed-use (apartments + retail/commercial)
• Units/Size: 318 luxury apartment units (studio to three-bedroom) + ~19,000 sq ft commercial space
• Status: Recently completed/opened (July 2026)
• Expected Completion: 2026
• Description: Waterfront luxury apartment community along the Indian River Lagoon with modern finishes, resort-style amenities (pool, fitness center, sky lounge, club lounge), and ground-floor retail. Rents range from approximately $1,600–$4,200/month.[4]

Project 5: Phoenix Business Park

• Developer: City of Palm Bay (planned development)
• Location: Northeast portion of "The Compound" near J.A. Bombardier Boulevard, Palm Bay
• Type: Commercial/Industrial
• Units/Size: Approximately 960,000–1 million sq ft of industrial and commercial space
• Status: Announced/planned (infrastructure funding secured September 2026)
• Expected Completion: Not yet specified (early-stage)
• Description: New business park focused on advanced manufacturing, aerospace, defense, technology, and logistics, supported by state grant funding for wastewater infrastructure.[5]

Notes: Palm Bay has significant ongoing single-family home construction activity by builders such as D.R. Horton, Maronda Homes, Ryan Homes (NVR), and Lennar in communities like Cypress Bay West, Malabar Springs, Riverwood at Everlands, Timbers at Everlands, and others in west Palm Bay corridors. These are smaller-scale or sub-communities within larger master plans and feature new homes actively for sale or under construction in the $290K–$480K+ range. Limited public details are available on some smaller or very early-stage projects. No other major verifiable new construction projects meeting the criteria were identified beyond those listed.