Developer Duo Building Space Coast BTR Community

 A developer team of Stellar Communities and Adam America Real Estate is joining forces on a build-to-rent community in Palm Bay, Florida (Space Coast MSA). A JLL Capital Market’s team of Max La Cava, Pier Barinci and Shane Ciacci arranged LP equity and a $52.7 million non-recourse construction loan for the 266-unit Havens at Palm Bay.

Havens at Palm Bay will be an cottage-style BTR community located directly across the street from a new-construction Publix-anchor shopping center. Major employers nearby include NASA, SpaceX, Blue Origin, L3 Harris, Lockheed Martin, Northrop Grumman, Embraer, and the U.S. Space Force – one of the eight federal uniformed services of the United States.

Havens at Palm Bay will offer one-, two- and three-bedroom single-story casita-style units with high-end finishes and an amenities center fronting a natural lagoon. The project is expected to be completed in 2026 and will offer future residents amenities, including a resort-style pool, clubhouse, tot lot, dog park, self-storage and detached parking.