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Transactions - DECEMBER 9, 2020

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Northshore Development to develop apartments in Palm Bay, Fla.

by Released

Northshore Development has plans to develop West Shore Apartments, located at 2330–2351 Commerce Park Drive Northeast in Palm Bay, Fla. It recently received $35.8 million in financing.

Once completed, West Shore Apartments will consist of 248 units averaging 1,006 square feet. The property will feature high-end interior finishes and community amenities such as a resort-style pool, a fire pit and fountain, seating areas with pergolas, a dog park, and a high-tech fitness center.

The West Shore Apartments are located in Florida’s Space Coast, which has experienced continuous growth in population and employment opportunities, with the area becoming a burgeoning home to new-to-market commercial aerospace companies, in addition to the renowned Kennedy Space Center.

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