Council approves development agreement for 430 Brevard mixed-use project in Cocoa Village

City Council approved a development agreement and concept plan for a vertically integrated mixed-use redevelopment on the Bank of America site at the northeast corner of Brevard Avenue and Church Street. The applicant, Framework Group, proposes an up-to-8-story building with roughly 220'241 apartments (up to about 125 dwelling units per acre in the concept), about 2,800 square feet of ground-floor retail, a wrapped parking structure with 25 public spaces and on-site amenities.\n\nErica Hughes, planning staff, summarized applicable recent land-use changes that enabled the project: a 2022 comprehensive-plan allowance for up to 25 dwelling units per acre for vertically integrated mixed-use, a 2023 land-development-code update allowing large mixed-use buildings and a 2024 change allowing residential on the ground floor for vertically integrated projects. The development agreement includes an updated schedule: final site-plan submission within 18 months, final approvals within 24 months and construction to commence within three years of DA approval.\n\nNick Herring of Framework Group described the design approach, the project's projected $95 million investment and an expected 300+ operational jobs and roughly 400 residents at build-out. He told council the developer will discuss a future incentive package (TIF rebate, 10-year structure and water/sewer impact fee credits) but said incentive approvals were not part of the DA vote. Council approved the DA by voice vote; staff and the applicant said they will continue discussions with the CRA and return for any incentive requests.