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New Construction in Melbourne
Melbourne, Florida features ongoing new residential development, including the Madison Midtown apartment community. This 240-unit luxury multifamily project is located on the former Sears site at 1034 South Babcock Street. Construction began in early 2025 on the $58 million development, which includes amenities such as a clubhouse, resort-style pool, dog park, and green space, with completion scheduled for early 2027. Additional new single-family homes and townhomes continue to be built by various developers throughout the city, supported by local permitting processes for residential subdivisions.