The downtown Melbourne south expansion is well underway to revitalization with the completion of a redevelopment project on Stone Street. This 11 unit apartment and mixed use building is now ready for occupancy. Mark and Lisa talk about this project in more detail and touch on some of the exciting happenings in the area including the new high speed train, streetscape project for both US1 and the south expansion, Riverview Park improvements and in the not so distant future the Crane Creek pedestrian bridge. All 11 units are affordable compared to area market rents which have continued to rise in a high demand market and 7 of the units are specifically marketed to potential residential tenants in the community who earn 80% of area median income for Brevard County.
