Under reviewOther

430 Brevard Avenue Large-Scale Residential Apartment Development

Description

The Framework Group filed a TIF application with the CRA for a large residential apartment project on Brevard Avenue. The agency was scheduled to vote on approving the application at this special meeting.

Impact summary

If approved, the TIF could help unlock a sizable apartment development downtown, adding housing and foot traffic to the Brevard Avenue corridor.

Applicant

Name: The Framework Group
Address: 430 Brevard Avenue, Cocoa, FLSee this on the map

At a glance

Hearings: 1
Public comments: 0
Total mentions: 1

Last discussed Jun 23, 2026.

Meeting timeline (1)

Jun 23, 2026

Cocoa Community Redevelopment Agency - Jun 23, 2026

Related issues (1)

TIF Incentive Agreement for 430 Brevard (The Framework Group)

The Framework Group wants the CRA to return 90% of the new tax money generated by its planned seven-story apartment tower — roughly $6 million over ten years — to make the financing pencil out. The board weighed that cost against a projected $35 million-a-year economic impact and a currently underused building paying only about $3,800 a year in taxes. Big concerns: the CRA sunset in 2041, and whether enough TIF remains for parking, lighting, police, and streetscape needs.

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