Fort Pierce is set to see a significant boost in affordable housing options following a recent Planning Board meeting on May 12, 2025. The board discussed a new development proposal that mandates at least 40% of the total units be designated as affordable rental units, aimed at serving residents earning 120% or below the annual median income for the St. Lucie Metropolitan Service Area. This initiative is part of the city’s commitment to enhancing housing accessibility and addressing community needs.

The proposed development, located in a commercially zoned area with mixed-use future land use, is designed to comply with state regulations that allow multifamily and mixed-use residential projects. The maximum density for this project is set at 30 units per acre, adhering to the city’s high-density future land use plan. Notably, the development will not be eligible for density bonuses, ensuring that the density remains consistent with local guidelines.

Height restrictions for the buildings are also in place, with a maximum of three stories allowed within one mile of the proposed site, although the South Beach overlay typically permits up to four stories. The board emphasized that if the project borders single-family zoned properties, height limitations could be further restricted.

Additionally, the Planning Board discussed parking requirements, indicating that the city may reduce these for projects located within a quarter mile of transit stops, although this particular development does not meet that criterion.

The approval process for the project will be administratively managed, requiring a review by the Technical Review Committee to ensure compliance with zoning codes. The proposed site plan includes five buildings, over 2,300 parking spaces, and 204 hotel rooms, indicating a substantial investment in the area.

This development represents a proactive step towards meeting the housing demands of Fort Pierce residents, particularly in providing affordable options, and reflects the city’s ongoing efforts to enhance community living standards. As the project moves forward, it will be crucial for stakeholders to monitor its implementation and impact on the local housing market.