Earlier this year, the City contracted with Tambone Companies as the master developer to market and expedite the sale and development of 84 acres of land within Tradition Center for Commerce with the goal of spearheading economic development in the area. In just four months, Tambone Companies and the City of Port St. Lucie have signed two land Purchase and Sale agreements, the latest one for a 19.84-acre parcel of land located just south of SW Discover Way, along Village Parkway.
On November 4, 2019, the City of Port St. Lucie’s Governmental Finance Corporation unanimously approved the agreements with ahs® Residential to develop and construct multi-family housing consisting of 372 market rate rental apartments and ancillary recreational amenities.
AHS Residential specializes in the development, construction, and management of their own portfolio of high-quality, multi-family communities. Now that the Purchase and Sale has been approved, the company plans to move forward with their site planning, with construction expected to begin second quarter of 2020 and be completed in 2021.