Signs point to a Tradition growth spurt, consulting firm predicts.
By Mike Vogel | Florida Trend
The Next Big Thing Signs point to a Tradition growth spurt, consulting firm predicts.
The stretch along I-95 in St. Lucie County known as Tradition is notable for just a few commercial developments: A couple of medical research buildings, a hospital and the former studio of a digital arts flop.
But economic consulting firm and Tradition development manager Fishkind & Associates predicts big times ahead for the land between the Crosstown Parkway and Becker Road exits. The site will be the next major suburban office and commercial center on the Southeast Florida coast, the company says.
The prediction is based on the scarcity of large tracts of raw, developable land in the three southeast Florida counties as well as the Tradition site’s attributes: It’s close to the bulk of Florida’s population; it has I-95 access, approvals are in place for 15 million square feet of development; backbone infrastructure is complete; it’s in historically high growth Port St. Lucie and St. Lucie County, and there’s just one owner — Tradition Land, with Which Fishkind has contracted to manage development since lender Investors Warranty of America took control of the property from former developer Core Communities in 2011 through foreclosure.