The ownership and development team behind Allegra at Cocoa today announced the completion of the new multifamily community located at 4300 FL-524 in Cocoa, Florida. To commemorate the milestone, the team will host “Charmed by Allegra at Cocoa,” a grand opening celebration and ribbon-cutting ceremony on Thursday, July 16, 2026.
The completion of Allegra at Cocoa marks the culmination of years of planning, development, and construction, bringing approximately 312 new apartment homes to Florida’s growing Space Coast region. Allegra at Cocoa is jointly owned by Carter Multifamily, The Brownstone Group, and Marble Capital. The Brownstone Group served as the project’s developer, and the community is professionally managed by Allegiant-Carter Management.
“We are excited to celebrate the completion of Allegra at Cocoa and welcome residents to a thoughtfully designed community that will serve the area for years to come. Through our ownership interest and property management by Allegiant-Carter Management, we remain committed to delivering an exceptional resident experience and creating long-term value for both residents and the Cocoa community,” said Ryan Gray, Chief Investment Officer of Carter Funds.
Event Details (View Invitation)
What: Charmed by Allegra at Cocoa – Grand Opening Celebration
When: Thursday, July 16, 2026
Where: Allegra at Cocoa | 4300 FL-524, Cocoa, FL 32926
Event Schedule
12:00 p.m. – 2:00 p.m.: Ribbon-Cutting Ceremony
2:00 p.m. – 4:00 p.m.: Open House and Community Tours
Community leaders, local officials, business partners, and prospective residents are invited to attend and celebrate the opening of the community.
Allegra at Cocoa features approximately 312 apartment homes across 13 residential buildings and offers a variety of modern amenities, including: a resort-style swimming pool, state-of-the-art fitness center, pet park, pet washing station, scenic walking trail, clubhouse, picnic area with grilling stations, green space with firepit and yard games, 24/7 mailroom with package lockers, event pavilion, and EV charging stations.
The development represents an investment of approximately $65.3 million and contributes to the region’s growing housing supply while supporting continued economic growth throughout Brevard County.
“Allegra at Cocoa represents more than the completion of a development project – it marks the beginning of a new community. From planning and design through construction and delivery, our team remained focused on creating a high-quality multifamily community that meets the needs of the growing Space Coast market. We are proud to reach this important milestone and grateful for the collaboration of our partners throughout the development process,” said Jeremy Mears, Development Partner of The Brownstone Group.
To RSVP for the event, or request additional information, please contact:
allegraatcocoamgr@allegiant-carter.com
About Allegra at Cocoa
Allegra at Cocoa is a newly completed multifamily residential community located in Cocoa, Florida. The community features 312 apartment homes and offers residents modern living accommodations with convenient access to employment centers, retail destinations, recreation, and transportation throughout Florida’s Space Coast region. Allegra at Cocoa reflects the Carter platform’s integrated approach to multifamily real estate, with Carter Multifamily serving as an ownership partner and Allegiant-Carter Management providing property management. Learn more at allegraatcocoa.com.
About Carter Multifamily
Carter Multifamily Fund Management Company (CMF), a division of Carter Funds, is a vertically integrated real estate investment firm focused on the acquisition, development, and stabilization of multifamily communities across high-growth Southern and Mid-Atlantic markets. By combining value-add acquisitions with ground-up development, CMF seeks to generate long-term value and capital appreciation while addressing the increasing demand for quality housing. Collectively, CMF’s experienced team of real estate professionals and fund managers has managed or completed more than $89 billion in commercial real estate acquisitions, financing, development, and dispositions. Learn more at cartermultifamily.com.
About The Brownstone Group
The Brownstone Group (TBSG) is a vertically integrated real estate firm specializing in the development, construction, and management of multifamily communities throughout Texas and the southeastern United States. Since its founding in 2005, TBSG has developed and managed more than $2.6 billion in residential real estate, delivering high-quality market-rate and affordable housing through a collaborative, full-service platform. With expertise spanning development, construction, architecture, and property management, TBSG is committed to creating thoughtfully designed communities that provide lasting value for residents, partners, and the communities it serves. Learn more at tbsg.com.
About Marble Capital
Established in 2016, Marble Capital manages $3.3 billion in AUM across a series of private equity funds. The company provides flexible capital solutions for real estate developers and operators across the United States and has invested in ~60,000 multifamily units across $14 billion in transactions. Marble Capital is headquartered in Houston, TX and is managed by a group of accomplished real estate professionals with 150 years of combined experience in real estate finance, capital markets, development, and operations. For more information, please visit marblecapitallp.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260702564930/en/
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