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Planning board hears discussion of proposed phased annexation agreement with Ashley Capital
Summary
Representatives for Ashley Capital described plans for a new mixed industrial/commercial park on Kings Highway and requested an annexation agreement that would allow county approvals and phased annexations after construction; the planning board expressed general support and staff will report back to the city commission.
The Fort Pierce Planning Board on Monday heard a presentation and discussion about a proposed annexation agreement with Ashley Capital for a multi‑phase commercial and industrial development along Kings Highway.
Lee Dobins, attorney for the applicant, summarized the project background: Ashley Capital responded to a 2022 county RFP to develop county‑owned land in the DeSerta Research Park and entered an option agreement with St. Lucie County in 2024. Dobins said Ashley Capital seeks to complete county land‑development approvals, build the improvements under county permits and then be…
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