CHATTANOOGA, Tenn.--(BUSINESS WIRE)--HUTTON, a Chattanooga-based commercial real estate, development and investment company, today announced the groundbreaking of Rockledge Flats, a new Class A multifamily development centrally located on the Space Coast in Rockledge, Fla. Marking its diversification into multifamily, the company is redeveloping a large portion of one of its former shopping centers into a highly-amenitized apartment complex featuring 247 units on 10 acres.
Rockledge Flats will comprise a 5,000+ square foot clubhouse, pool, grilling stations, ample greenspace, onsite dog park and washroom, bike storage and bike repair station. All units will feature high-quality interior finishes and are in buildings with elevator service. The development is estimated to deliver move-in ready units by early 2021 and be completed by fall 2021.
“Utilizing know-how from our two decades of successful development ventures paired with key hires of brilliant individuals such as Aaron Breeden, we are equipped and eager to diversify our portfolio into multifamily,” said Karen J. Hutton, President and CEO of HUTTON. “The fact that the Space Coast is one of the fastest growing job markets in the country and the surrounding areas have not had a development of this nature, or this magnitude for a very long time – if ever – made Rockledge Flats a substantial opportunity. We anticipate that this development will be a game changer for this community and is sure to spark further development to support its immense growth.”
The development will be the closest Class A project to Cape Canaveral, Port Canaveral and the majority of the key employers of the Space Coast. It’s less than three miles from the Historic Cocoa Village entertainment area and adjacent to Barton Park, a 110-acre recreational area that provides for fishing, nonmotorized boating, hiking trails, pavilions, playgrounds, and a wildlife preserve, with plans for additional future amenities.
“The project’s location is ideal. With the recent development of the Civic Hub, as well as the acquisition of several properties that are prime for redevelopment and in very close proximity to the Rockledge Flats site, Barton Boulevard has immense potential to flourish, and that will only be bolstered by this project,” said Rockledge Mayor Tom Price.
Strategic partners on this project include the City of Rockledge, OHM Architects, Cuhaci & Peterson Architects, Ram Partners, Berry Engineering, DeAngelis Diamond and SunTrust Bank.
For more information about Rockledge Flats, please contact firstname.lastname@example.org.
HUTTON is a fully integrated commercial real estate, development and investment company primarily focused on developing, acquiring, managing and constructing single tenant, shopping center, multi-family and self-storage properties across the United States. In addition to acquiring and developing properties for its stabilized portfolio of 200 assets, HUTTON also provides capital investments and asset management services to its third-party clients. Over the past 20 years, HUTTON has completed 1,100 projects for 100s of retailers across 40 states. For more information, please visit http://hutton.build/, LinkedIn, Facebook, Twitter and Instagram.