Eastwind Development has begun construction of The Aston at Longleaf, a 264-unit luxury apartment community on Preserve Drive in Melbourne, Florida. The start of construction immediately follows Eastwind’s closing on the acquisition of the 17-acre project site and a $45.5 million construction loan provided by TD. The project is situated in Florida’s Space Coast region.
The development team includes FaverGray as general contractor, FK Architecture as project architect, and Kimley-Horn as project engineer. The Aston at Longleaf is targeting delivery of the first units in late 2027, with full project completion expected by mid-2028. Planned amenities include a 10,000-square-foot clubhouse with a community lounge and game room, a fitness center with an adjoining spin room, a coworking lounge, and a multi-sport gaming simulator room. Outdoor features include a resort-style swimming pool with private cabanas, an outdoor kitchen, a fire pit, a yoga lawn, and a games lawn.
The immediate sequencing of the land acquisition, the $45.5 million construction loan from TD, and the start of construction suggests that financing and site control were resolved before vertical development began. The project’s positioning as a luxury apartment community in the Space Coast region indicates an expectation of demand from residents tied to the area’s aerospace and technology employment base, though the source does not provide market data or leasing assumptions to confirm that expectation.
What remains unknown is the project’s total development cost beyond the construction loan, the equity contribution from Eastwind, the unit mix and rental pricing, and any pre-leasing or absorption targets. The source also does not state whether the construction loan is recourse or non-recourse, the interest rate, or the loan term. Because the evidence comes from a single secondary source, the reported facts have not been independently corroborated.