The final Town Council vote to redevelop the 10-acre Red Coconut property has been pushed back to November 18th. The second public hearing was originally scheduled for this Monday but had to be moved because it was not properly noticed.
Town Council meetings have been scheduled for three consecutive Monday’s due to meetings being canceled due to Hurricane Milton. Meetings are typically held 2 weeks apart. The town is required to advertise for public hearings 10 days in advance. With the last meeting on Monday, October 28th and the next one planned for this Monday, November 4th, the 7-day window was not enough time to fulfil the state law of 10 days notice.Â
Seagate received approval from the Town Council on the 28th to move their project onto the second and final hearing. The vote was 4-1. Seagate purchased the 10-acre Red Coconut property in 2023 for $52 million and plan to build two 17-story condo towers, 4 single-famly homes, a beach club, a restaurant and several parks. If approved, final design for the project is expected to take a year.
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