Business View Magazine | December 2020

428 BUSINESS VIEW MAGAZINE DECEMBER 2020 expansions further bolster the housing sector. “Historically, we’ve had a lot of vacant lots scattered throughout the city,” admits Sherman. “Someone buys a lot, builds a house, and then the next five lots next to it remain vacant. It’s been that way for a long time. But now, we’re starting to see a lot of infill development on those individual lots. Builders are seeing the roads being paved and it’s spurred a lot of activity.” According to Sherman, another key factor in Palm Bay’s accelerating housing market are the larger sized lots that have become available since the road improvements. She notes, “They’re sized for a range of subdivisions. It could be hundreds of homes. It could be 20 or 30 homes. But they’re all being developed and we’re seeing that happening in all quadrants of the city, so that’s exciting.” This past summer, the City of Palm Bay held a ribbon-cutting ceremony to celebrate the completion of a new segment of the St. Johns Heritage Parkway. The Parkway, intended to