Space Coast Innovation Park Breaks Ground at Space Coast Regional Airport in Titusville

Author: By Space Coast Daily // September 20, 2026

Space Coast Innovation Park master plan encompasses three phases and approximately 450 acres

KEY Group and Hines celebrated the groundbreaking of Space Coast Innovation Park, marking the start of development of a new Class A industrial park at Space Coast Regional Airport in Titusville. Space Coast Innovation Park is a planned Class A industrial development at Space Coast Regional Airport in Titusville. The site offers direct access to State Road 407 and proximity to Interstate 95, Kennedy Space Center and Port Canaveral.

Milestone advances 639,000 square feet of a planned three-phase aerospace, defense, advanced manufacturing, and logistics development on Florida’s Space Coast

BREVARD COUNTY • TITUSVILLE, FLORIDA — KEY Group and Hines celebrated the groundbreaking of Space Coast Innovation Park, marking the start of development of a new Class A industrial park at Space Coast Regional Airport in Titusville.

Space Coast Innovation Park is a planned Class A industrial development at Space Coast Regional Airport in Titusville.

The master plan encompasses three phases and approximately 450 acres. The project is being developed in partnership with Hines and Titusville-based KEY Group.

The ceremony brought together elected officials, economic-development leaders, aerospace and defense stakeholders, project partners and members of the Space Coast business community to recognize the milestone and the project’s anticipated contribution to continued economic and industrial growth on Florida’s Space Coast.

Speakers included Lynda L. Weatherman, president & CEO of the Economic Development Commission of Florida’s Space Coast; Kathleen Yonce, founding partner of KEY Group; Ryan Wood, managing director at Hines; Kevin Daugherty, director of airports & spaceport at the Titusville-Cocoa Airport Authority; Andrew Connors, mayor of Titusville; and Florida Senator Debbie Mayfield.

Following the indoor program, project representatives, public officials, and partners participated in a ceremonial groundbreaking and posed for official photographs at the project site.

Space Coast Innovation Park is planned as a three-phase Class A corporate park across approximately 450 acres. The project is being developed in partnership with Hines and Titusville-based KEY Group. Located within Space Coast Regional Airport’s federally licensed Exploration Spaceport, the development is positioned to serve aerospace, defense, advanced manufacturing, distribution, logistics, and related users.

Space Coast Innovation Park is planned as a three-phase Class A corporate park across approximately 450 acres. The project is being developed in partnership with Hines and Titusville-based KEY Group.

The first two phases are planned to deliver more than 1.1 million square feet of Class A industrial warehouse facilities across five buildings on approximately 100 acres.

Phase I includes three rear-load industrial buildings totaling more than 639,000 square feet, while Phase II is planned to include two industrial buildings totaling nearly 466,000 square feet.

The Phase I partnership, encompassing approximately 639,000 square feet of Class A industrial warehouse across three buildings, includes Hines, KEY Group, and Singerman Real Estate.

Located within Space Coast Regional Airport’s federally licensed Exploration Spaceport, the development is positioned to serve aerospace, defense, advanced manufacturing, distribution, logistics, and related users.

It will offer Class A facilities, corporate-campus opportunities, and build-to-suit options near Kennedy Space Center and Cape Canaveral Space Force Station.

The site offers direct access to State Road 407 and proximity to Interstate 95, Kennedy Space Center and Port Canaveral.

It is also located within Port Canaveral Foreign Trade Zone No. 136, which can provide qualifying users with potential customs benefits, subject to applicable approvals and program requirements.

Lynda Weatherman, president & CEO of the Economic Development Commission of Florida’s Space Coast, was among the speakers at the groundbreaking of Space Coast Innovation Park, a new Class A industrial park at Space Coast Regional Airport in Titusville.

“This groundbreaking represents the transition from a vision born in 2021 to execution of Phase I of a project designed to meet the commercial real estate needs of aerospace, defense, and advanced-manufacturing companies growing on Florida’s Space Coast,” said Kathleen Yonce, founding partner of KEY Group.

“We are deeply appreciative of the many partners who have supported this vision and worked diligently with us to bring it to fruition, particularly the Titusville-Cocoa Airport Authority and its Board. We are pleased to celebrate this major milestone with them.”

Phase I development is now underway with buildings scheduled to be delivered in July of 2027. The partners announced they have begun designing Phase II and expect to begin construction in Q2 2027 and deliver buildings in the third quarter of 2028.

Article from Space Coast Innovation Park Breaks Ground at Space Coast Regional Airport in Titusville – Space Coast Daily