Project · Martin County, FL · Updated today
Martin Commerce Park PUD
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Sourced from Martin County meeting, Aug 25, 2026. ZoneWire tracks 92 projects in Martin County, FL, updated within 24h of every meeting.
Where this stands
Seven buildings totaling 485,492 sq ft gross floor area on ~120.6-acre portion of 167.1-acre property. Phase 1: 35.8-acre lot with six buildings (~376,000 sq ft, ranging 32,000-116,000 sq ft). Phase 2: one building of 109,000 sq ft on 6.3 acres. Buildings under 40 ft. 48% open space (80.3 ac), 27.29 ac preserve area, 100% native plants, 50-ft wide 4,890-ft native buffer along I-95. Donated 5.7-acre fire station site (all buildable uplands). Max cumulative 1.1M sq ft (614,508 sq ft remaining). Not warehouse/distribution or data center. Property purchased 2022 by Ashley Capital (Rick Morton, Jill Marasa). Gopher tortoises to be relocated off-site. Projected $3M+ impact fees, ~$1.2M annual ad valorem taxes, $600,000 tangible personal property taxes.
- Project
- Martin Commerce Park PUD
- Asset class
- Industrial
- Developer
- Ashley Capital
- Location
- East and adjacent to I-95, south of SW Martin Highway, Palm City
- Scale
- 485,492 sq ft
- County
- Martin County, FL
- Jurisdiction
- Martin County
- Current status
- Approved
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Martin Commerce Park PUD
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