Ashley Capital seeks phased annexation for Kings Highway development amid county coordination

The Fort Pierce Planning Board convened on July 14, 2025, to discuss a significant interlocal agreement concerning the annexation of properties along Kings Highway. This agreement, originally established in 2010 and amended earlier this year, involves the city, county, and Ashley Capital, which is looking to develop land it has acquired from the county and the school district.

Ashley Capital is eager to avoid delays in its development process, particularly due to a reverter clause that could complicate approvals if parts of the property are annexed mid-project. The company proposed a phased annexation approach, allowing it to secure necessary building permits from the county before the city formally annexes the property once construction is complete. This strategy aims to streamline the development process and ensure compliance with county standards before transitioning to city regulations.

City staff expressed support for this phased approach, which would allow the city to benefit from tax revenue without the burden of overseeing the initial development stages. The Planning Board discussed the rationale behind this strategy, emphasizing that the city stands to gain jobs and tax revenue once the properties are fully developed and annexed.

The interlocal agreement stipulates that properties in the area could be annexed within two years, contingent on the completion of development and adherence to existing regulations. This collaborative effort between the city and county aims to facilitate growth while ensuring that the development aligns with community standards and expectations.

As the Planning Board prepares to present this agreement to the city commission for approval, the focus remains on fostering a cooperative relationship between local government entities and promoting economic development in Fort Pierce. The outcomes of this meeting could have lasting implications for the community, shaping the future landscape of Kings Highway and enhancing local infrastructure and services.