ECONOMY
ANTHONY WESTBURY
The area of Fisherman’s Wharf that lies between the South Bridge and the port area is largely vacant and unused. A developer is interested in building a
concierge boat storage facility and a retail/restaurant complex on the site. The preliminary plans have drawn some local opposition because the project would
require the relocation of the popular Black Pearl boat ramp.
BUYERS INTERESTED
The interest in potential buyers, Matteson said, has been fantastic.
He said he has 157 reservations for 114 units and has firm
commitments from six restaurant operators, plus three restaurants
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that will be part of the hotel.
And there’s a new trend coming to Fort Pierce.
“I guess the Treasure Coast has been busting for rooftop bars,”
he noted with a chuckle. “It’s a great way for us to monetize unused
space on the top of the tallest buildings. The bars will offer
spectacular views.”
Another planned retail-commercial development in the early
planning stages is a boat storage complex and residential and
retail units on Fisherman’s Wharf, sited between the port to the
north and downtown.
Developer Chris Pulli is hoping to revitalize the rundown waterfront
area with a concierge boat storage operation, restaurants,
bars and live music with his $76 million project.
Pulli said he hopes the development provides a safe, familyfriendly
waterfront destination. It will include a public boardwalk,
free public dockage, as well as retail components. There will also
be additional parking for both the development and as a way to
alleviate the parking crunch experienced in downtown.
Pulli said he is committed to involving the community in his
plan. “I’m trying to honor the area’s past and heritage,” he said. He
also plans to add a mentoring and internship program that will
involve students from Westwood High School and Forest Grove
Middle School.
So, while downtown Fort Pierce awaits the arrival of giant new
developments, which should boost the attractiveness of downtown
for locals and visitors alike, business still looks great for
established merchants in the city’s core.
RUSTY DURHAM
The iconic P.P. Cobb Building on Avenue A at Indian River Drive in downtown
Fort Pierce is likely the oldest such structure still in use in the area and remains
a popular spot for visitors and locals alike.
/TCBusiness.com
