Placement: New Business
Action Requested: Motion / Vote
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Revised Letter of Intent from Sansone Group for the Development of the Becker / Village Lifestyle Center in Southern Grove.
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Submitted By: Jennifer Davis, Director, Community Redevelopment Agency
Strategic Plan Link: The City's Goal of a diverse local economy and employment opportunities.
Summary Brief (Agreements/Contracts only)
1. Prepared by: Jennifer Davis, Director, Community Redevelopment Agency
2. Parties: Port St. Lucie Governmental Finance Corporation (“GFC”) and Sansone Group (“Sansone”)
3. Purpose: Development of the Becker / Village Lifestyle Center in Southern Grove
4. New/Renewal/Modified: Modified
5. Benefits to Port St. Lucie: The Becker / Village Lifestyle Center in Southern Grove will offer a variety of uses including retail, restaurants, hotels, multi-family / apartments, etc.
6. Cost to Port St. Lucie (Annual and Potential): The GFC will receive revenue / proceeds, as negotiated in the underlying agreement(s).
Presentation Information: Staff will provide the GFC Board with a brief presentation outlining the terms of the revised Letter of Intent (“LOI”).
Staff Recommendation: Move that the Board approve the Letter of Intent.
Alternate Recommendations:
1. Move that the Board amend the recommendation and approve the Letter of Intent.
2. Move that the Board provide staff with additional direction.
Background:
Early in 2021, the City completed the Southern Grove Master Plan based on extensive public input. Port St. Lucie is experiencing significant residential growth within the southwest area of Port St. Lucie. Recognizing a need to continue to meet the desire of Port St. Lucie residents for high quality shopping, dining, and entertainment areas, the Southern Grove Master Plan recommended the development of a Lifestyle / Commercial Center at the northeast corner of SW Becker Road and SW Village Parkway.
The GFC sought an experienced developer / development team of village scale urban retail / restaurant projects to construct this project, whose experience should incorporate forward thinking approaches to urban design, architecture, engineering, environmental technologies, and the public realm, as well as a focus on placemaking. Developers were solicited via a two-step Request for Qualifications (“RFQ”) / Request for Proposals (“RFP”) process, ultimately resulting in a Selection Committee recommendation of award to the highest ranked firm, Sansone Group. The recommendation was brought forward to City Council on June 23, 2025, and approved at the same meeting. An Initial or Draft Letter of Intent (“LOI”) was provided for the purpose of establishing a baseline for moving forward with negotiations since the Cone of Silence was terminated with the City Council action.
The revised LOI provides clarity on the structure of future deals that would be brought forward to the GFC Board for consideration between the residential and commercial tracts for this project. It further identifies an approach that retains the GFC as a partner on future transactions on the commercial tract by way of Participation Agreements.
Issues/Analysis: N/A
Financial Information: N/A
Special Consideration: N/A
Location of Project: The Becker / Village Lifestyle Center is located at the northeast corner of SW Village Parkway and SW Becker Road. It encompasses approximately 59.85+/- acres of land over multiple parcels.
Attachments:
1. Revised Letter of Intent from Sansone Group, dated March 3, 2026.
2. Location Map
NOTE: All of the listed items in the “Attachment” section above are in the custody of the City Clerk. Any item(s) not provided in City Council packets are available upon request from the City Clerk.
Internal Reference Number: 25247-03
Legal Sufficiency Review:
Reviewed by Margaret M. Carland, Senior Deputy City Attorney. Approved as to Legal form and sufficiency by Richard Berrios, City Attorney.