ECONOMY
12
AUDUBON DEVELOPMENT
The Kings Landing project planned for downtown’s waterfront recently broke
ground. However, before infrastructure can begin, underground foundation
pieces for the old electric plant must be removed.
“My customers are younger, many in their mid-30s —
and they tell me they want to shop at night after eating
dinner downtown.”
STEADY PROGRESS
Dale Matteson of Audubon Development that is building
King’s Landing on the former city electric plant site reports
steady progress despite encountering one major delay since
he gained city approval for the scale and design of his housing,
commercial and hotel development.
Even though the site has been the subject of a federally
funded Brownfield mitigation project a few years ago, which
cost Fort Pierce Utilities Authority about $8 million, a massive
amount of underground concrete foundations from the
old plant have been discovered. Matteson is covering the cost
of removal of the concrete for now, but hopes to gain reimbursement
from the city.
The concrete, once removed, will form the basis of a large
offshore underwater reef, Matteson said.
Meanwhile, the developer is pushing ahead on a small
development of 10 townhomes at the northern end of the site.
The model unit there sold recently for $1.5 million, Matteson
said. He hopes that unit can be completed by the end of 2023
and that the full 10 units will be finished within 18 months.
106 S 2ND STREET
HISTORIC DOWNTOWN FORT PIERCE
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100 S 2ND ST | HISTORIC DOWNTOWN FORT PIERCE
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SHELLI ASSOCIATES
A concierge-style boat storage facility will form the centerpiece of a proposed
retail and restaurant development on Fisherman’s Wharf, which lies
between downtown and the Port of Fort Pierce.
/www.thefortsteakhouse.com
/www.thefortsteakhouse.com
