New Construction Projects in Key West, Florida

Project 1: Lofts at Bahama Village

• Developer: AH Monroe / Vestcor Companies / City of Key West partnership (with Charley Toppino & Sons Inc.)
• Location: Truman Waterfront, 750 Fort St., Key West, FL
• Type: Residential (affordable apartments and condominiums)
• Units/Size: 126 units (98 rental, 28 ownership)
• Status: Recently Completed
• Expected Completion: 2025
• Description: Mixed affordable housing development featuring rentals and ownership units with amenities; grand opening occurred in late 2025.[1]

Project 2: Poinciana Plaza Expansion

• Developer: Key West Housing Authority (KWHA)
• Location: Poinciana area (e.g., near Dunlap Drive), Key West, FL
• Type: Residential (affordable rental apartments)
• Units/Size: 54 units (32 one-bedroom, 16 two-bedroom, 6 three-bedroom)
• Status: Under Construction
• Expected Completion: Limited public information available (groundbreaking occurred June 2026)
• Description: Workforce housing project with units targeted at moderate-income households, including allocations for tourism employees and police; funded in part by tourist tax revenues.[2]

Project 3: Lofts at Trumbo

• Developer: Vestcor (Lofts at Trumbo, Ltd.) in partnership with Monroe County School District
• Location: 241 Trumbo Road / 240 White St., Key West, FL (near Key West Bight)
• Type: Residential (affordable multifamily apartments)
• Units/Size: 150 units (41 one-bedroom, 72 two-bedroom, 37 three-bedroom) with 220 parking spaces
• Status: Pre-construction / Announced (approved May 2026)
• Expected Completion: 2028 (estimated construction start October 2026)
• Description: Deed-restricted affordable housing primarily for teachers, school district staff, and essential workers; includes amenities like a pool and dog park on a former industrial/warehouse site.[3]

Note: Additional smaller-scale or commercial projects (e.g., 907 Caroline Street with 4 employee housing units) and infrastructure work exist, but the above represent the primary verifiable residential new construction efforts meeting the criteria. Stock Island projects (e.g., Garden View Apartments) were excluded as they fall outside Key West proper. No large-scale market-rate condo or mixed-use residential towers were identified in current sources. Limited public information is available on exact completion dates for some active projects.