City of Palm Bay Executes Purchase Contract for Pelican Harbor Marina
PALM BAY, FLORIDA – On Friday, August 6th, City staff joined Mike Timmons from Space Coast Marinas, LLC to execute the purchase contract of the three parcels known as Pelican Harbor Marina located on Dixie Highway in the Bayfront area in Palm Bay.
Space Coast Marinas submitted a counteroffer of $1.7 million to purchase the Marina for the development of a dry dock boat storage and service facility, boat launch and wash service, boat club, ship store, tiki bar with an outdoor entertainment venue, restaurant, and retail amenities to include a valet service. Space Coast Marinas intends to renovate the existing marina slips and construct and maintain a public boardwalk along the waterfront. Space Coast Marinas anticipates the overall capital investment for this development project to be at least $10-12 million and create approximately 302 new jobs. The developer has also purchased two privately owned parcels, a vacant 0.37-acre site located at 4200 Dixie Highway NE, and has under contract the Bait & Tackle located at the southwest corner of Dixie Highway and Pospisil Avenue NE.
Under current plans, the buyer will retain Paddling Paradise, which is currently in a month-to-month lease with the City to operate out of the existing 1600 SF facility at 4220 Dixie Highway NE. Paddling Paradise has offered kayak and stand-up paddleboard rentals and tours at this site for nearly two years, generating ecotourism to Turkey Creek and the Indian River along Palm Bay’s bayfront. “This is an exciting development project for the City,” said Joan Junkala-Brown, Deputy City Manager. “The proposed development will add value to what currently exists and further create an environment for residents and visitors to gather, eat, shop, and listen to live music whether arriving by boat or vehicle. This project will encourage further redevelopment of the area and hopefully serve as a catalyst to implement the City’s vision for a Bayfront Village, a quaint waterfront downtown district for the community to enjoy.”
