FORT MARINA DEVELOPMENT DRAFT 2

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FORT MARINA DEVELOPMENT

NORTH HUTCHINSON ISLAND CAUSEWAY, FLORIDA

THE MOST OVERLOOKED TREASURE OF ITS KIND

Fort Marina Development

North Hutchinson Island

Causeway, Florida

The Fort Marina Development is Situated on the West Side of the Indian River Lagoon and straddles the North Hutchinson Island Causeway.

FORT MARINA DEVELOPMENT

• VISION: A NEW CHAPTER IN FLORIDA’S LIFESTYLE SOPHISTICATION. RESIDENTIAL, COMMERCIAL, AND MARINE ECOSYSTEMS COMBINE TO CREATE THE MOST UNIQUE ENVIRONMENT FOR FLORIDA’S MULTI-CULTURAL CITIZENS OF THE WORLD!

• THE OPPORTUNITY TO ACQUIRE 20+ ACRES WITH OVER 3,000 FEET OF WATERFRONT ON FLORIDA’S INDIAN RIVER ESTUARY. A UNIQUE OPPORTUNITY TO CREATE A NEIGHBORHOOD THAT IS UNLIKE ANYTHING CURRENTLY EXISTING IN THE MARKET. WHERE A WORKING WATERFRONT COMBINES WITH A RESIDENTIAL SOPHISTICATION THAT OFFERS HOTEL, MARINA, RESIDENTIAL AND COMMERCIAL USES.

The Offering: Fort Marina Development: an Investment in Florida Real Estate!

•Fort Marina LLC – 28 N Hwy A1A, Ft. Pierce Fl. 34946 - 7.78 acres Commercial Marine .63 acres Industrial Zoning

•Ballet Florida - 2210 Old Dixie Hwy, Ft. Pierce - 5.85 acres Light Industrial

•East Coast Packers – 2120- 2130 Old Dixie Hwy, - 3.84 acres Light Industrial

•BECO Building – 1900 Old Dixie Hwy, Ft.Pierce - 2.31 acres Commercial Marine

Total acreage - 20.41 acres

North Hutchinson Island Causeway is located in St. Lucie, County, Florida.

St.Lucie County, Florida about a 90 min. Drive by Car from Orlando, and a 60 minute Stroll from Palm Beach International Airport!

Fort Pierce Inlet

70 Miles to Bahama Bank

Beginning in 1920, with the actual completion of the Fort Pierce Inlet, the port thrived, first as a hub for the coastwise shipping of Florida citrus and produce. The port was then converted into a U.S. Navy base in World War II before finally establishing itself as a shipping hub to the Bahamas and wider Caribbean Islands .

The Port of Fort Pierce has been unique among Florida ports in that its working waterfront, the Indian River Terminal and much of the rest of the port were held in private ownership. That changed in January 2018, when St. Lucie County acquired the terminal with a goal of transforming it from a dated cargo facility to a purposebuilt, Derecktor led, shipyard for the maintenance, refit and overhaul of mega-yachts.

The Port of Fort Pierce is in a state of dramatic transformation. The bold decision of the St. Lucie Board of County Commissioners to purchase the former Indian River Terminal, once a bustling cargo facility that had fallen into stagnation through shifting markets, and lack of resources for need improvements to infrastructure, is the catalyst. The purchase was made with the specific purpose of converting the land into a mega yacht maintenance, refit, and overhaul facility for very large (200 feet or longer) motor yachts and large sailing vessels. Derecktor Ft Pierce, LLC began operations on November 1, 2019. Within a year it erected one of the world’s largest mobile vessel hoist and largest on the East Coast of the US. After years of inertia, it is expected that this “new” facility will be the catalyst for development of the large tracts of waterfront property that remains undeveloped, as part of or complementing to this new market.

One of Florida’s last Treasures!

PORT OF FORT PIERCE LOOKING NORTH TOWARD FORT MARINA DEVELOPMENT

Fort Pierce Inlet

The City of Fort Pierce completed a $30 million waterfront project i n 2015

, which included the construction of 13 barrier islands and the addition of 137 wet slips to the City’s marina, after being destroyed by Hurricanes Frances, and Jeane in 2004. Today, this Marina has amenities such as Restaurants, Shops, and Museums, and other Complimentary Businesses.

Man Made Breakwater

North Hutchinson Island

The Ocean Front from Fort Marina Development is Located just 2.5 miles to the East of the Development. This area is Home to the Navy Seal Museum, in addition to several State Parks, walking trails, and many affluent owners who predominantly reside in the area as seasonal residents.

Looking West toward Fort Development

Little Jim Bridge

ICONIC BAR

North Hutchinson Island Bridge Replacement

The Florida Department of Transportation (FDOT) studied alternatives to replace the structurally deficient

SR A1A North Causeway Bridge over the Intra coastal Waterway (ICWW). The preferred solution was to replace the existing bridge, which includes a bascule span at the main waterway channel, with a high-level fixed bridge crossing over the FEC Railroad, Old Dixie Highway, and the ICWW. The new bridge will have 85 feet of vertical clearance (↕) and 125 feet of horizontal clearance (↔) at the main waterway channel. Currently Under Construction until 2027.

Safe Harbor – Harbor Town Marina

Ft. Pierce, Florida

Safe Harbor Harbor Town Marina

In 2015 one of the Largest Marina Operators in the US, Purchased Harbor Town Marina, which is immediately South of the North Causeway Bridge, and Adjacent to the BECO Building. Harbor Town Marina Blends the Shelter of a Natural Island Breakwater with Bridge Free Access to the Ft. Pierce Inlet, and a Distinctive Boating Experience . experience.

FORT MARINA DEVELOPMENT PRICING AVAILABLE UPON REQUEST!

East Coast Packers LLC

3.84 acre Former Citrus Packing House, 40,793 SF Zoned Light Industrial

BECO Building

The BECO Building is an18,000 sq ft. 2 story Building Used for the Administration of a Citrus Company here in Ft. Pierce. The Building has an Employee Kitchen, 2 Conference Rooms, 2 entrances, and was built in 1978, and added on to in 1998. The Property is 2.31 acres Zoned Commercial Marine.

Ballet Florida

Ballet Florida is a Property that has traditionally been used to house Artists and Performers when their days of performing are complete. The Property consists of 5.85 acres Zoned Light Industrial, and today has several modest homes, in addition to the Aqua Culture Farm that utilizes this location and the proximity to the Indian River to grow several species of Fish.

Fort Marina

Fort Marina is a 8.41 acre Property that is Home to the Fort Pierce Commercial Fishing Fleet. The Property has several Uses including Outside Storage, Dockage for both Recreational Fishing, and Commercial Fishing, RV Trailers, and a Dockside Fish Market for Off the Boat Fresh Fish. The Property is Zoned Commercial Marine, and Industrial.

Future Development

The Owner of Fort Marine and Ballet Florida have a Storied history of Development in South Florida. They Originally Developed what became the Rybovich Yachting Center in Palm Beach County, Florida

. That Development is also on the West Side of the Indian River, in the City of Riviera Beach.

Fort Marina Development has 100% of their property in OPPORTUNITY ZONES

In 2017, the federal Tax Cuts and Jobs Act established Opportunity Zones to encourage long-term investment and job creation in targeted communities.  Businesses, developers and financial institutions that invest in these targeted areas can defer or eliminate capital gains taxes through investment in federally established Opportunity Funds which, in turn, invest funds in these designated zones, creating economic opportunity, job growth and housing

stabilization

Zone 1 – First Phase

Future Development

Potential Uses

The Proximity of the Properties to the Indian River and the Ft. Pierce

Inlet allow for a Future Development for Both Marine & Residential Uses. The Renderings show just a few of the many possibilities that Developers could implement to produce a World Class Development with Recreational, Industrial, Residential, and Commercial uses.

FUTURE POSSIBILITIES ARE ENDLESS!

Schmidt Family of Companies

C:772-473-0826

E: F.Strazzulla@Aol.com

E: frank.strazzulla@cbparadise.com

PROFESSIONAL BACKGROUND

•I am a Third Generation Floridian having been Born and Raised on the Treasure Coast. I have 30 years experience working throughout the Global Citrus Industry from Citrus Development, to Citrus Growing, Citrus Processing, and I have worked for the 2 largest producers of Orange Juice in the World in Executive Positions, both from Brazil. I have extensive experience and contacts throughout the Agribusiness Community of Florida, as well as Owning an H2A facility on the Treasure Coast.

• EDUCATION

• B.S. 1987 Florida Southern College, MBA program FIT Melbourne, Licensed Florida Real Estate Agent.

• MEMBERSHIPS

• Florida Citrus Production Managers Association, Moorings Club,

• Florida Realtors Assn., Realtors Assn. Indian River County, Ft. Pierce Elks

Frank J Strazzulla Commercial Realtor Coldwell Banker Paradise

• •

Schmidt Family of Companies

C:772-216-4975

E: Philip.Strazzulla@ColdwellBanker.co m

E: Philip.Strazzulla@CBParadise.com

PROFESSIONAL BACKGROUND

Philip P. Strazzulla is one of the established members of the CBC Paradise Realtor's team in the Fort Pierce Office. Mr. Strazzulla is a third-generation Treasure Coast resident, who attended local Schools and resides in Vero Beach. The Strazzulla Family has been in the Agri-business, Real Estate Management and Development and Citrus industries since 1948.

EDUCATION

• After attending the University of Florida and Florida Atlantic University with degrees in Business and Finance, Mr. Strazzulla has over twenty nine years of combined Land Development, Project Management, Community Development and Commercial Real Estate Experience within various private, agri-business and municipal real estate endeavors,. He will assist in any property search, site information and documentation requirements in finding the appropriate real estate investment. He was a Citrus Grower and Rancher for over 7,600 acres right out of college. Mr. Strazzulla assisted with His family in the development of company owned lands, including Commercial Shopping Centers, Golf and Countrv Clubs. Residential Communities. and olanned Municioal Communitv Districts

Philip P Strazzulla Commercial Realtor
Coldwell Banker Paradise LLC

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