DLP Capital has completed the redevelopment of a historic Space Coast multifamily complex originally built in the mid-1960s for Apollo space program aerospace professionals in Titusville, Florida. The two-tower, 182-unit community, now named Dream Space Coast, has undergone a $22 million redevelopment, including significant structural and cosmetic improvements while maintaining its historic exterior.
Listed on the National Register of Historic Places, Dream Space Coast’s riverfront bench seating will offer views of launches from SpaceX, NASA, Blue Origin, Lockheed Martin, and more from the Kennedy Space Center across the bay. In late summer and fall 2023, Dream Space Coast residents are expected to view a SpaceX launch to the International Space Station and a launch for a NASA spacecraft that will travel to the asteroid Psyche.
“DLP Capital’s goal with this iconic multifamily property was to retain the history and authenticity of its past—commemorating an unheralded era of space exploration—while updating the community to accommodate a new era of space professionals, among other residents,” says Don Wenner, founder and CEO of DLP Capital. “This is by far one of the best multifamily locations on the Space Coast, directly across from launch sites, and we’re excited to contribute to the property’s history going forward.”
Dream Space Coast—once called Imperial Towers Apartments—was brought into the 21st century, while finishing touches put on the historic exterior facade serve to maintain its authenticity. The six-story towers offer furnished and unfurnished studios to two-bedroom apartments. Rents are expected to be priced under 30% of the local astrotech market’s median income, the community’s targeted renting demographic.
In addition to smart features, the community features a riverfront pool and tranquility garden; waterfront workout classes and poolside yoga; a resident center with billiards, poker tables, an eCafe, and a business center; a cardio fitness center and cycle and yoga/pilates studios; valet dry cleaning; an Amazon package center; and a pet park. A beachfront kayak launch is expected soon.