DIX Developments Acquires 1,134 Acres in Palm Bay
Deal News | Apr 01, 2025 | EIN
DIX Developments LLC, through its affiliate Palm Bay Land Group, has completed a $74 million acquisition of 1,134 acres in southeast Palm Bay, Florida. This deal is the penultimate step in assembling the 1,568-acre Ashton Park, a $2.5 billion mixed-use project intended to reshape the Space Coast area. The land was purchased from the Logan and Lee families and will eventually host a mix of residential and commercial developments, including 3,104 single-family lots and 711 townhome lots. Ashton Park, which has been annexed into the City of Palm Bay, will also feature a 133-acre town center. The deal aligns with DIX Developments' strategy to expand its real estate footprint across central Florida. Industry professionals such as Jake Wise for engineering, Cristian Oquendo for architectural design, and Dusty Calderon for real estate brokerage played key roles in completing this transaction. DIX Developments is ambitious in its plans to control approximately 4,900 acres across Florida, with further plans for extensive residential and commercial venues.
Sectors
- Real Estate Development
- Construction and Engineering
- Commercial Services
Geography
- United States, Florida – The acquisition and development project are located in Palm Bay, Florida, impacting local and state economies.
Industry
- Real Estate Development – The article discusses a land acquisition for a large-scale mixed-use development project, making Real Estate Development a central industry.
- Construction and Engineering – The involvement of engineering and architectural design experts highlights the significance of Construction and Engineering in this project.
- Commercial Services – With plans for commercial spaces, this industry is pertinent to the development's business components.
Financials
- $74 million – The purchase price of the 1,134 acres of land in the acquisition.
- $2.5 billion – The total estimated value of the Ashton Park mixed-use development project.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| DIX Developments LLC | Buyer | Company | A development company specializing in large-scale residential and commercial projects in Florida. |
| Palm Bay Land Group | Affiliate | Company | An affiliate of DIX Developments involved in the land acquisition. |
| Logan and Lee Families | Seller | People | Previous owners who sold the 1,134 acres of land. |
| Jake Wise | Engineering Lead | People | Responsible for engineering efforts in the development project. |
| Cristian Oquendo | Architectural Design Lead | People | Oversees architectural design and town center theming. |
| CBA Charlan Brock & Associates | Architecture Firm | Company | The firm responsible for architectural designs in the project. |
| Dusty Calderon | Real Estate Broker | People | Broker involved in facilitating the land acquisition deal. |