16 UNITS CAN BE DEVELOPED FOR INDIVIDUAL SALE OR A MULTI FAMILY COMMUNITY

CITY OF PALM BAY, FLORIDA

Located on Lakewood Drive in Palm Bay, Florida, Aria Apartments is a fully approved, permitted, and shovel-ready 16-unit multifamily development. The community is planned as two eight-unit buildings with spacious two-bedroom, two-bathroom residences. Private entrances, open-concept living areas, in-unit laundry, and modern finishes will complement the project’s contemporary architecture, professionally designed landscaping, and ample on-site parking.

Aria is positioned near the Palm Bay Road corridor, connecting residents to shopping, dining, healthcare, and employment opportunities throughout Palm Bay and neighboring Melbourne. The broader Space Coast economy includes aerospace, defense, engineering, manufacturing, and healthcare employers. L3Harris operates in Palm Bay and Melbourne, while Northrop Grumman, Collins Aerospace, Embraer, and Lockheed Martin have a regional presence. The location also provides access to the Indian River Lagoon, Atlantic beaches, Port Canaveral, and Central Florida’s attractions.

Subject Property Location 1581 Lakewood Dr NE, Palm Bay, Fl 32905 Is:

Near Palm Bay Road, a principal east–west corridor connecting the property with shopping, restaurants, services, and Interstate 95. A segment of Palm Bay Road between Riviera Drive and Babcock Street carried approximately 44,060 vehicles per day in 2024; this is a corridor count, not traffic directly past the property.
Convenient to the Melbourne and Palm Bay employment corridors, including healthcare facilities and major aerospace and defense operations.
Within the wider Palm Bay area of Eastern Florida State College and Florida Tech, which support the region’s education and workforce needs.
Regional access to the Indian River Lagoon and Atlantic beaches, offering boating, fishing, and coastal recreation.
Regional access to Port Canaveral, which recorded more than 8.6 million cruise passenger movements in fiscal year 2025—an average of approximately 165,000 movements per week. This figure includes passengers boarding and leaving ships.
Access to Walt Disney World, Universal Orlando Resort, and SeaWorld Orlando, regional day-trip destinations roughly 70–85 miles from Palm Bay, depending on the destination and route.