Vero Beach's $250M Three Corners waterfront project is finally moving

One of the most-watched development sites on the Treasure Coast is finally moving. On March 9, 2026, the Clearpath development team put down a $50,000 good-faith deposit, formally kicking off negotiations with the City of Vero Beach over the long-stalled Three Corners project.

If you've driven over the 17th Street bridge, you've seen the spot — the 38-acre former 'Big Blue' power plant site sitting on prime waterfront. The plan, valued at roughly $250 million, would transform it into a waterfront village with a marina, two hotels, and an event center.

Clearpath is working in a joint venture with Madison Marquette, and the project would be built in phases. A final development agreement is expected later in 2026, with some initial work potentially starting this year and completion targeted around 2028.

This has been a saga. Vero Beach voters and city leaders have debated what to do with the Big Blue site for years, and plenty of plans have come and gone. Actually getting a developer to the negotiating table with money on the line is the furthest this thing has gotten.

Why it matters for the 772: a successful Three Corners would give Vero one of the best public waterfront destinations on the Treasure Coast — and set a template for what's possible when a coastal city reclaims an old industrial site. We'll be watching the final agreement closely.