BREAKING: $93 Million Luxury Complex Transforming Cocoa Village’s Skyline
Cocoa Village is about to undergo its biggest transformation in decades, and I’ve got all the juicy details for you! The long-abandoned Bank of America building on Brevard Avenue is finally getting a second life – and what a life it will be.
This isn’t just another development project. We’re talking about a massive $93 million luxury apartment complex that’s set to completely reimagine one of Brevard County’s most charming historic districts.
What’s Coming to Cocoa Village?
After years of speculation about what might happen to the vacant bank property, city officials have finally given the green light to a development that promises to bring new energy to the heart of Cocoa Village.
This isn’t your average apartment building. The approved project includes:
- A striking 7-story structure (yes, it will dramatically change Cocoa Village’s skyline!)
- Between 220-241 luxury apartments
- Ground-floor retail and commercial spaces for new shops and restaurants
- A six-story parking garage (goodbye, parking woes!)
- Resort-style amenities including a pool and courtyard
Insert image: Rendering of the approved luxury apartment complex in Cocoa Village here
What This Means for Brevard County Residents
I’ve lived in Brevard long enough to know that change doesn’t always come easy, especially in our beloved historic districts. But let’s talk about what this development could mean for our community:
Economic Impact
A $93 million investment isn’t just changing a skyline – it’s potentially transforming our local economy. Think about it:
- Construction jobs in the short term
- Permanent positions in retail, property management, and maintenance
- Increased foot traffic for existing Cocoa Village businesses
- A broader tax base that could fund community improvements
Housing Options
With housing at a premium throughout Brevard, these 220+ units represent significant new inventory in one of our most desirable locations. While they’re being marketed as “luxury” apartments (which typically means higher rent prices), they’ll still provide more options in our tight housing market.
Changing Character of Cocoa Village
Let’s be real – a seven-story modern building will change the feel of historic Cocoa Village. I’m personally curious to see if the developers have incorporated design elements that complement the district’s historic charm or if we’re looking at something completely contemporary.
Insert image: Current Bank of America building site in Cocoa Village here
Timeline and Next Steps
While the project has received official approval, many residents are wondering when they’ll actually see construction begin. Here’s what we know so far:
| Project Phase | Estimated Timeline |
|---|---|
| Demolition of existing structure | Expected to begin within 6 months |
| Construction start | Late 2023/Early 2024 (pending permits) |
| Estimated completion | 18-24 months after construction begins |
The Community Reaction
As with any major development, local opinions are mixed. Some Cocoa Village business owners I’ve spoken with are thrilled about the potential influx of new customers. Others worry about maintaining the area’s historic charm and character.
The parking situation has been a particular concern, though the inclusion of a six-story garage might actually improve current parking challenges in the village – if some spaces are made available to the public.
What Do You Think?
I’m curious – what’s your take on this development? Are you excited about the new energy it could bring to Cocoa Village? Concerned about changing the character of the area? Or maybe just happy to see something finally happening with that vacant building?
This project represents one of the biggest changes to Cocoa Village in generations. Whether you see it as progress or have concerns about preserving our local character, one thing’s for sure – Cocoa Village is entering a new chapter.
Drop a comment below or share this article with a neighbor who might have thoughts on this major development. The conversation about Cocoa Village’s future is just beginning!
Source: Brevard County Development Commission