vero beach-three corners redevelopment rendering_original photo credit youtube 1030x385

Negotiations over one of Vero Beach’s most closely watched redevelopment sites are continuing after city leaders approved another extension, giving the development team additional time to finalize a complex long-term agreement.

The 60-story tower will feature 183 residences, including four signature penthouses, and more than 300 feet of frontage along the Miami River.

A long-assembled property along one of Indian River County’s busiest growth corridors could be positioned for a transformative new use, with county officials preparing to consider several approvals that would be needed to move the project forward.

A centrally located property near downtown Vero Beach is being positioned for sale, creating a potential infill opportunity in an area where redevelopment sites are relatively limited.

A long-planned redevelopment of one of Vero Beach’s most prominent waterfront properties is moving forward, but city officials and the selected development team still have key terms to resolve before the project can advance to its next phase.