Melbourne apartment complex for active adults marks groundbreaking

Community leaders and company officials lead a ground-breaking ceremony for Parasol, a Melbourne apartment complex. 


Owners, partners and local officials broke ground Nov. 12 on Parasol, a Melbourne apartment complex designed for active adults 55 and older.

The four-story luxury community at 4881 Dairy Road will offer 159 one- and two-bedroom units and a variety of amenities that will enable residents to maintain independent lifestyles.

“We love the area, we’re excited,” said Jonathan Cohen Rabinovitz, the founder and co-chairman of ADËLON Capital, a Hollywood, Florida-based real estate investment, development and asset management firm. “We know that this is a one-of-a-kind product in Melbourne. We’re bringing a completely different style of life.”

Parasol plans call for 85 one-bedroom, one-bath apartments and 74 two-bedroom, two-bath units, ranging in size from 742 square feet to 1,067 square feet. 

Apartments will feature luxury finishes, fully applianced kitchens with granite countertops, nine-foot ceilings, central air conditioning, washers and dryers, screened-in lanais, covered parking, a 24-hour emergency call system and a la carte housekeeping services. Pets are welcome, too.

Community features will include a state-of-the-art wellness and fitness studio, a restaurant and bistro, Grand Club Room and bar, saltwater pool and hot tub, outdoor kitchen and barbecue, beauty salon, movie theater, library, massage studio, creative arts workshop, pond and walking trails, community garden, putting green, car wash and a dog park and dog-washing station.

Residents can participate in numerous social activities such as arts and crafts workshops, cooking lessons, yoga, Pilates and dance classes, academic courses, gardening, happy hour and tasting events.

Alongside ADËLON Capital and its principal co-investor, CIMBRA Partners, for the groundbreaking ceremony were representatives from New York-based United Group of Companies, whose property management arm, United Plus Property Management, will oversee daily operations at the new community, and Certified General Contractors, the project’s Melbourne-based general contractor. Melbourne Mayor Paul Alfrey, City Councilman Mark LaRusso and Palm Bay Chamber of Commerce President Nancy Peltonen also attended the event to offer their best wishes for Parasol’s success.

Developers are hoping for a September 2022 opening, Rabinovitz said.

“What we want is to create happiness,” ADËLON Capital Chairman and Founder Daniel Berman said.

To learn more, visit or call 321- 373-1249.