EDC is thrilled to welcome and partner with NAP as they help build the future of the Space Coast
North American Properties joined the commercial boom that Titusville currently enjoys with VectorSpace, ideally located at the entrance to Kennedy Space Center and between Boeing and Lockheed Martin facilities
Next year, Viera residents should be over the moon about Luna, the moon-named project that North American Properties (NAP) is currently developing at Viera Town Center.
The 245-unit, upscale apartment complex represents NAP’s first foray into the Space Coast and a sample of more good things to come. The company, currently juggling $3 billion in projects, was drawn to Brevard for its growth forecast.
“In the next ten years, three million people are projected to move to Florida with one-and-a-half million moving to the belt of Florida,” said Kat Butler, NAP’s vice president of acquisitions.
“If you look at the belt of Florida, Brevard County is the least saturated when it comes to development.”
Lynda Weatherman, president and CEO of the Economic Development Commission of Florida’s Space Coast believes Brevard and NAP will do well together.
“As smart, data-driven developers, North American Properties’ extensive and long-term plans for Brevard County reflect our very strong and competitive fundamentals,” said Weatherman.
“Nationally, we boast the second-best performing economy, rank seventh for net migration, and Viera, in particular, is the 16th best-selling master plan community.”
NAP selected DAG Architects, named 2020 Florida Firm of the Year by the American Institute of Architects, to design Luna, which builds on Viera’s award-winning master plan.
The NAP/DAG partnership is also responsible for the Tallahassee’s Cascades, a project that will bring residential, retail, office, restaurant and hotel space to the state capital. Cascades is being built using pre-cast concrete panels.
With Luna, NAP is utilizing pre-cast concrete modules to further refine efficiency and design. Seventy-five percent of the exterior of the building (pre-cast panels) are factory-made prior to shipping to the job site.
“The structure of the building will have more than 1,000 pre-cast panels that will be assembled over the course of 120 days,” explained Butler.
The six-story, sophisticated Luna will be unique for the Viera area, where two- to three-story garden apartments are the norm.
Aimed at young professionals, as well as at mature residents eager for a worry-free, amenities-rich environment, Luna will feature a business lounge, conference rooms, green screen film studio for filmmaking and podcasts, structured parking, pool with swim-up bar, bike storage, a rooftop wine lounge, club pub with pool access, secure access, fitness studio, courtyard with lawn games and movie screen, dog wash and a mailroom with Amazon hub.
Because of the pandemic, Luna was created using WELL standards, which measures and verifies a building’s features and their impact on the health and well-being of residents.
Luna will boast an anti-virus, anti-allergen filtration system in each unit’s HVAC system, a dedicated workstation in each unit so residents can easily work from home and amenities such as smart mirrors and an app-based fitness studio to further promote health and welfare.
Leasing is slated for the fall of 2022.
North American Properties is also involved in a similar project in Melbourne Court in downtown Melbourne. Still in development, the 197-unit complex will be similar to Luna in cutting-edge amenities such as the Sky Lounge, and will replace an aging complex of mid-century garden apartments near Crane Creek.
The company also joined the commercial boom that Titusville currently enjoys with VectorSpace, ideally located at the entrance to Kennedy Space Center and between Boeing and Lockheed Martin facilities.
NAP will build to suit in the 21 acres that encompass VectorSpace.
“A lot of land near Kennedy Space Center has restricted access, but VectorSpace does not, which is a definite plus for any industry that wants to be near the many space and defense companies in the area,” said Butler.
North American Properties, founded in 1954, is a privately-held, multi-regional real estate operating company that has acquired, developed and managed more than $5 billion of retail, multifamily, mixed-use and office properties across the United States.
NAP expects to be part of Brevard for decades to come. In fact, the company has leased space in downtown Melbourne for its Brevard offices, which joins offices in Atlanta, Dallas, Ft. Myers and Cincinnati.
“The EDC is thrilled to welcome and partner with NAP as they help build the future of the Space Coast,” said Weatherman.