King's Landing aims to create a walkable hotel-retail-condo village with "Old Florida Charm" on valuable Fort Pierce real estate.

The City Commission in Fort Pierce voted unanimously on Thursday to select Audubon Development to reinvent a 7-acre parcel between Indian River Drive and Second Street. The $85 million project will strive to create a "walkable, strollable development that meshes well with existing downtown buildings" according to Audubon CEO Dale Matteson. With Fort Pierce real estate on the rise in past years, the real estate development could further increase home values and investment in the city.

King's Landing Fort Pierce

Photo: Audubon Development

According to Audubon Development, the pedestrian-friendly village will contain 60 condominium units, 8 courtyard homes, 12 townhomes, a 120-key Marriot hotel, 20,000 square feet of restaurant space, and 40,000 square feet of retail space. Matteson said that the Fort Pierce condos would sell for at least $300,000. There will be an estimated 752 constructions jobs created during the three years it will take to complete the project. 

Fort pierce King's Landing

Photo: Audubon Development

King's Landing comes to a city that has seen a large influx of attention and investment, and homes for sale in Fort Pierce continue to see a rise in the median sales price. Matteson hopes that the development of King's Landing will "energize downtown" and understands their goals need to be different than some of their other projects in West Palm Beach or Las Vegas. The company's goal is to capture the character of Fort Pierce 

The next step for the City of Fort Pierce is to negotiate on whether or not the land for the project will be donated and determine what, if any, tax abatements will be given to the company. The commission has expressed confidence in the ability to attract people to the charm and character of Fort Pierce that keeps people as vested citizens of the city.

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