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Developer says Marriott hotel still on track for 07/11/2028; FPRA asks for revised milestone schedule
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Summary
Live Oak’s Bill Ware told the FPRA the King's Landing project has civil plans submitted and Marriott approval for a Tribute brand hotel; the board expressed concern about missed vertical‑plan milestones, discussed invoking default vs. drafting a fourth amendment with firm milestone dates, and asked the developer for a detailed milestone ledger by the end of the week.
Bill Ware of Live Oak updated the Fort Pierce Redevelopment Agency on April 14 about progress at the King's Landing development and asked the agency to consider an updated schedule and a fourth amendment to reconcile conflicting milestone dates in prior amendments.
Ware summarized approvals since mid‑2025: an amended site plan, planning and historic approvals, ordinance 25‑025 finalizing approval, and submission of 100% civil plans for the entire site (January 16, 2026). He said Mainsail Lodging received Marriott’s approval for a Tribute brand hotel (Feb. 19, 2026) and that his development team has commenced weekly coordination. Ware acknowledged an alleged missed milestone—the vertical DPCR submittal scheduled in the inherited amendment for Feb. 25, 2026—but said that after consulting contractors and Marriott, the team is still tracking toward a hotel opening date of July 11, 2028, provided milestone dates are revised into a realistic ledger.
Board members expressed frustration that milestone dates have been missed and stressed the cascading nature of schedule delays; several commissioners said missing intermediate approvals imperils the completion date and urged either enforcement for default or a fourth amendment “with teeth” (clear dates, milestones, penalties and requalification language). City legal counsel and staff said the board retains discretion to pursue a formal default or to negotiate a new amendment and emphasized the need for a single, aligned schedule across exhibit A and exhibit C.
Outcome and next steps: Mr. Ware agreed to provide a draft schedule of realistic milestone dates and a proposed amendment by the end of the week for staff review; commissioners asked staff to expedite legal drafting so the amendment could appear on FPRA and city commission agendas (target May 12) if parties agree. Several board members stated they are willing to consider termination or stronger remedies if revised milestones are not agreed and met.
Provenance: developer presentation and extensive Q&A; the board requested the schedule and legal draft for consideration at the next FPRA meeting.
