MELBOURNE, Fla. — More than 56 acres of land will be transformed into a multiuse development with residential apartments, shops and more.

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Co-chairman and founder of Adelon Capital Jonathan Cohen said the property will be built around crystal lagoons, which are artificial lagoons with artificial beaches.

The property is off NASA Boulevard and is currently owned by the Melbourne Orlando International Airport.

The Melbourne Orlando International Airport authority board has approved an $8.9 million sale of the land to Adelon.

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Cohen said it’ll take roughly about a year just to get the proper permitting and the architectural design completed.

The Melbourne city council will also have to sign off on the project.

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