March 2017 | Business View Magazine

112 113 Palm Bay, Florida Our company has a cumulative 60 years of title experience and our title examiners and real estate closers are all professionals. We are a full service independent title insurance company specializing in commercial, lender, residential and developer real estate transactions. 321.726.6414 n 4888 Babcock Street NE n Palm Bay, FL 32905 Residential Titles n Commercial Titles www.peninsulatitleservices.com Broad based expertise Flexible closings on your schedule Your Neighborhood Title Company Se Habla Espanol is in the southern part of the city where a brand new interchange on I-95 is being built. That interchange will be located at the segment of I-95 that has the longest stretch without an interchange on the entire east coast route. The project will be a collaboration between the State, the City, and developers. The Florida Department of Transportation is building the interchange and the city is building the connector road. Once the infrastructure is in place, developers will step in to build new subdivisions and all new commercial properties.Another area developers are focusing on is on the west side of the city where we have the St. John’s Heritage Parkway, a new road between Palm Bay and Melbourne. Lennar is going to build that area out. Between those two projects, that’s an additional 1.6 million square feet of commercial space.” “We’re a large city.We encompass 110 square miles and only about 35 percent of it is developed out,” Anderson continues. “Before the Recession, it was developing quickly to the west. The old, original part of Palm Bay, which was built in the ‘50s, was really suffering.One of our major cor- porations,Harris Corporation, expanded in 2007 and added a huge, high-tech research and devel- opment center in the old part of Palm Bay,which was a huge step in the right direction.Moving forward, the biggest problem that we’re going to run into now that we’ve solved the employment issues in this area is workforce retention and recruitment. It’s a younger work force that desires more lifestyle options and amenities.The work being carried out in our Bayfront Redevelopment District is aimed to target those issues.Developing the Bayfront and connecting that area to Harris is critical to adapting Palm Bay to suit the needs of