Southern Grove Summary and Fact Sheet Southern Grove Fact Sheet | Página 7

What will happen after the GFC officially accepts the transfer of the 1, 223 acres and the closing?
City administration will evaluate the Request For Proposal responses, and the City
Council could potentially select Joint Venture partners. City staff will refine and
implement the disposition plan. The City anticipates working with the Urban Land
Institute Advisory Services Panel to help update a master plan for this region. The City
also anticipates conducting a market study. If GFC closes on the transfer, this then
Mattamy homes has indicated the company will purchase the balance of the property
within the Tradition, Western Grove and Southern Grove DRIs.
From lessons learned of the past, we are correcting, adjusting and rebuilding
something greater to ensure a prosperous future for Port St. Lucie.
The jobs corridor is the City’s future. It is too important to allow it to
sit dormant and be entangled in delays or uncertainty.
The Southern Grove Section is the land to
the east and west of Village Parkway, sou th
of Tradition Parkway and north of the Mart in
County line by Becker Road. This land is
approved for a mix of uses, including resear ch
and development, industrial, commercial a nd
residential units.
Southern Grove has a current estimat ed
market value of $225,395,103, and it h as
an estimated value of $2,003,341,448 at
80 percent build out. The jobs corridor in
Southern Grove is the only location for a
large footprint commercial and industri al
development in Port St. Lucie.
121 SW PORT ST. LUCIE BLVD | PORT ST. LUCIE, FLA. 34984 | 772-871-5225