Construction Begins on Stellar Townhomes at Space Coast in Rockledge

• Construction is underway on Stellar Townhomes at Space Coast, a 201-unit build-to-rent community at 3795 Flypark Drive in Rockledge, Florida.
• The townhome development will offer two-, three-, and four-bedroom residences ranging from 1,400 to 2,000 square feet.
• Stellar Communities recently secured more than $40 million in financing to support the project, which is being built on the former site of an airport.

What Is Being Built at Stellar Townhomes at Space Coast

Construction has officially begun on Stellar Townhomes at Space Coast, a new build-to-rent community located at 3795 Flypark Drive in Rockledge, Brevard County. The project will transform a former airport property into a residential neighborhood featuring 201 townhomes designed for renters seeking the space and privacy of a single-family home without the responsibilities of ownership. The homes will range from 1,400 to 2,000 square feet and will be available in two-, three-, and four-bedroom floor plans, providing options for families, professionals, and residents looking for larger living spaces.

What Residents Can Expect

Stellar Communities plans to deliver modern interiors with features that have become increasingly popular in today's rental market. Homes will include quartz countertops, energy-efficient appliances, and contemporary finishes throughout. The community will also feature lifestyle amenities such as a resort-style swimming pool and a dog washing station, creating a neighborhood environment that appeals to both families and pet owners.

What This Means for the Space Coast Housing Market

The development reflects the continued growth of Florida's build-to-rent sector, which has gained momentum as demand increases for larger rental homes in suburban markets. Rather than developing traditional apartments, Stellar Communities shifted its original plans for a 318-unit multifamily project in favor of a townhome community that better aligns with changing renter preferences. To move the project forward, the developer purchased the site for $10.7 million in 2025 and later secured more than $40 million in financing to fund construction.

What Comes Next for Stellar Communities

Stellar Communities continues expanding its footprint across Florida with multiple residential developments. The company previously completed Stellar Central Park in Port St. Lucie and is also developing Havens at Palm Bay Reserve, where the first residents are expected to begin moving in this summer. As construction progresses in Rockledge, Stellar Townhomes at Space Coast will add another housing option to Brevard County, helping meet growing demand for professionally managed rental communities along Florida's Space Coast.