Port St. Lucie, Fla –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.
“To have a commitment from a quality development company such as ahs® Residential to invest in Port St. Lucie and build a high quality residential community is further testament to the growth potential of Tradition Center of Commerce,” said Richard Tambone, president of Tambone.
The Tradition Center for Commerce will provide development options within Tradition with over 10 million square feet of office, industrial, warehouse, multi-family residential and retail space. Potential uses include: manufacturing; distribution; retail; education; hospitality, warehousing; corporate; medical; research and development and multi-family residential.
About Tambone Companies and Tambone at Tradition
Tambone Companies is a leading Florida and New England commercial, industrial and multifamily real estate developer. The company has developed and acquired over ten million square feet of office, research, industrial, medical and multifamily projects. Since 1981, Tambone has focused on the highly demanding built-to-suit needs of quality-minded companies. Building on its expertise and assembling top professional teams, Tambone takes companies from site selection and financing through occupancy and has a proven track record for integrity, reliability and responsiveness – spanning projects of great diversity, size, complexity and technical demands.
Tambone Companies is pleased to have the opportunity to serve 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 region. The Tradition Center for Commerce provides development options within the City of Port St. Lucie, in St. Lucie County, Florida, with over 10 million square feet of office, industrial, warehouse, multifamily residential and retail space. For more information, contact Richard P. Tambone at 561.660.5166 or visit tambonetradition.com, tambone.com or follow them on Facebook.