A historic multifamily apartment complex on the Space Coast, once home to Apollo-era staff, is set to reopen following a three-year, $22 million redevelopment by DLP Capital.

The complex, now named “Dream Space Coast,” was originally built in the mid-60s to house aerospace professionals working on the Apollo space program. The two-tower, 182-unit community, located directly across the Indian River from the Kennedy Space Center, has been listed on the National Register of Historic Places.

DLP Capital has made significant structural and cosmetic upgrades while preserving the historic exterior. The property now features riverfront bench seating for viewing launches from SpaceX, NASA, Blue Origin, Lockheed Martin, and more.

“DLP Capital’s goal with this iconic multifamily property was to retain the history and authenticity of its past—commemorating an unheralded era of space exploration—while updating the community to accommodate a new era of space professionals, among other residents,” said Don Wenner, Founder and CEO of DLP Capital.

Dream Space Coast, located at 2825 S. Washington Ave., was originally built in 1964, a few years after President Kennedy set the goal of landing a man on the moon before the decade was out.

The property, once known as Imperial Towers Apartments, was advertised for its new amenities such as “year-round electric air conditioning” and features such as mini-golf, and a cocktail lounge and dock where crowds would gather to watch Apollo “moon shots.”

The redevelopment involved nearly gutting the interiors of the two towers to upgrade infrastructure and bring the apartments into the 21st century, with finishing touches put on the historic, exterior facade to maintain its authenticity.

The community now offers a riverfront pool and tranquility garden; waterfront workout classes and poolside yoga; and a resident center with billiards, poker tables, eCafe and business center. In addition, there is a cardio fitness center and cycle and yoga/pilates studios; valet dry cleaning and Amazon package center; pet park; and a beachfront kayak launch is expected soon.

The six-story, rebuilt multifamily towers at Dream Space Coast offer studios to two-bedroom apartments, both furnished and unfurnished, and most with unobstructed views of space launches.

Studio apartments start at $1,472/month. Visit the developments website here for more info or to Apply.

About DLP Capital:
DLP Capital is a private, diversified real estate investment firm. The firm’s core focus is on investing in, developing, and financing attainable housing for America’s workforces, including multifamily and single-family rental homes, along with related investments including RV resorts, among other live-work-play communities aimed at enhancing the lives of working Americans. The firm’s portfolio is capitalized via a series of evergreen investment funds for accredited investors, each of which has provided superior year-over-year consistent returns since inception. With more than $4.5 billion of assets under management, DLP Capital has been on the Inc. 5000 list of “Fastest Growing Private Companies in America” for 10 consecutive years. DLP Capital is headquartered in St. Augustine, FL, with offices in Allentown, PA and Asheville, NC. Visit DLPCapital.com.