Viera Real Estate Growth

New Construction in Viera

New Construction in Wyndham at Duran in Viera

Viera, a master planned community located in the central coastal region of Brevard County, Florida, is experiencing growth. The senior vice president of land use, planning and development for the Viera Company, Todd Pokrywa, states that housing demand has outpaced available supply. Changes are needed in the community’s master plan to keep up with growing demand.

The Viera Company seeks a green light to build additional housing which would replace the number of offices spaces that can be built. As such, a new amendment has been proposed by the Viera Company that would decrease the amount of office space building permits while increasing the number of residential property building permits.

A master planned community is designed and built with a number alluring amenities, which include golf courses, parks, lakes, bike paths and jogging trails. It is the number and type of amenities that separate a planned community from a normal housing subdivision plan.

With an approved amendment by Brevard County commissioners, attached senior housing would gain an additional 950 units, the number of single-family home would increase by 468 units, multi-family housing units would increase by 256, and eight hotel rooms would complement the increase. The permissible amount of office space would be reduced by 399,741 square feet.

Roughly 20,000 residents presently live in the planned community. Living spaces and prices range from multi-million dollar home to apartments. Two public hearings will be held to consider the proposed changes to the community’s master plan. One hearing will be held by the Brevard County Local Planning Agency. A second hearing will be held on Tuesday by the County Commission at the same location.

Pokrywa explained that creating a master plan does not equate with being an exact science. Such a plan calls for the development and implementation of protocols that will improve quality of life while sustaining future development. When the County Commission approved the Viera Company’s master plan in 2009, the number of residents was carefully anticipated. Those numbers have increased due to Viera’s popularity. At present, the need for housing outstrips the need for office space. Pokrywa stated that changes to the Viera real estate master plan were always contemplated, and that his company is keeping a watchful eye on the demand for various types of residential housing needs.

Some housing developments in Viera have already sold out, according to Silvia Mozer, a Sales Partner of the Carpenter | Kessel Team at Dale Sorensen Real Estate. She stated that Viera real estate provides a popular lifestyle opportunity for people migrating to Brevard County. She states that multiple housing options are a good thing for people. There is a constant influx of people looking to move to the area due to an abundance of cultural amenities that are not found elsewhere in Brevard County. Young professionals and their families, along with Northern transplants are likely candidates for Viera living. The director of Brevard County’s Planning and Development Department, Robin Sobrino, said that changes proposed by the amendment would not add any additional traffic to the roads.

Square footage limits are allowed as long as the traffic impact remains neutral. She further stated that square footage limits are allowed by the development order itself, and that the Viera Company’s order takes into consideration the fact that market forces can change. This allows the Viera Company to continually reevaluate their vision for the future. Presently, their vision is focused on reducing available office space and increase the amount of housing. Viera realtors will benefit from the amendment as well.

The founder and president of Corporate Property Group, Myles Wilkinson, said that increasing housing availability in Viera would have a “very positive” impact on the community. He also stated that supply and demand causes Viera to react to the market. An increase in housing will readily boost demand for retail services and goods.

Maureen Rupe, Turtle Coast Sierra Club’s political chair, weighed in after reading the amendment and stated there were no obvious warning signs accompanying the proposed changes. She does advise that her organization, an environmental group, will continue to monitor the Viera Company’s development plans.

Viera is a thriving real estate market and the Carpenter | Kessel team are the top realtors servicing this desirable area.

Current Available Properties in Viera, Florida

2016-10-15T00:20:27+00:00August 25th, 2015|

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