In May, Jose Vasallo signed a new 12-month lease on the Satellite Beach home he had been renting for the past five years.Now Vasallo, a 71-year-old retired teacher, and his neighbors in the Satellite Shores community are scrambling to find new homes after being informed they have to be out of their houses by Oct. 31.Satellite Shores is a subdivision of what used to be Patrick Air Force Base’s housing annex south of the main base. The land ended up in private hands as part of a housing privatization initiative the base started in 2003.For years, Satellite Beach Partners, a limited liability company based in Connecticut has leased out 105 former Air Force homes on the 27 acres of land it owns opposite Hightower Beach, just south of the Pineda Causeway. The company was still signing leases as recently as May.But on June 7, Satellite Beach Partners closed a deal selling the land to a Memphis, Tennessee developer for $13.5 million. That developer, Woodshire-Brevard, plans to build a gated community of million-dollar-plus homes.A few days later, the residents were told they needed to vacate their homes by the end of October.The new owners maintain that the leases allow for an early termination… Read full this story
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