Data Delivers Plans for Development
City Center
Community Redevelopment Agency
$ 500- $ 600 million
Anticipated taxable value added with development
Nearly
70 overall acres
The City controls 60 of the acres ( including Event Center building , garage , etc .) 40 of which are primed for redevelopment
Up to 1,900 residential units
Up to 175,000 square feet of retail / restaurants
Up to 105,000 square feet of office space
2 hotels
24 | 2023 City Manager ’ s Annual Report
As Port St . Lucie looked at opportunities to develop City Center into a multi-use , vibrant , walkable destination on the east side of the City , data played a critical role in helping shape those plans .
At the forefront of those efforts was soliciting public opinion , gathering insights into what the community was hoping to see located there . Over a 12-month period , the Community Redevelopment Agency held 54 stakeholder interviews and more than 140 participants took part in two public workshops to offer their feedback .
The City also utilized market and financial data to determine what opportunities might be available . Market data provided insights into what services and amenities could be brought to the location . Financial data and in-depth fiscal analysis offered City Council a thorough understanding of the potential costs not only to maintain the current property but also to develop the area .
As a result of these efforts , in November 2023 the Community Redevelopment Agency Board adopted the City Center Master Plan , allowing the project to move forward to its next phase .
Across Port St . Lucie , the City has been making similar progress . That includes ongoing expansion of Southern Grove in Tradition . Five years ago , the City had 1,200 acres of commercial and industrial property designed to be a jobs corridor . Today , all but 250 acres have been sold or are under contract and international companies such as Amazon and Fed Ex have built facilities there – creating jobs and sustained economic benefits for the City that will last for years to come .
In 2023 , six of the major projects developed in Southern Grove were responsible for more than $ 3 million in tax revenue for the City . They also will provide an estimated 1,400 jobs , with a combined payroll estimated at nearly $ 53 million . And these are conservative estimates , representing a handful of the businesses at Southern Grove , some of which were still not fully complete by the end of 2023 .