News | Port St. Lucie

Port St. Lucie Entertainment Project Update: Walton and One Plans Advance

October 13, 2025
6:24 am

The Walton & One project in Port St. Lucie is set to transform the area at U.S. 1 and Walton Road into a vibrant, mixed-use downtown district. The development will feature a new 6,000-seat soccer stadium, retail spaces, restaurants, residential units, offices, hotels, and entertainment venues, according to city officials.

Walton & One Project Overview

The Walton & One project covers approximately 46 acres near the MidFlorida Credit Union Event Center in Port St. Lucie. The plan aims to create a walkable, downtown-style environment that will serve as a new focal point for the city. The project is designed to attract residents, businesses, and visitors, offering a range of amenities in one central location.

Main Features of the Downtown District

Retail and Restaurants: Multiple storefronts and dining options to support local businesses and offer new choices for the community.
Residential Units: Housing options to accommodate new residents and support urban living.
Office Space: Modern workspaces intended to attract businesses and create employment opportunities.
Hotels: Hospitality options for visitors and event attendees.
Entertainment Venues: Spaces for cultural events, performances, and community gatherings.

Soccer Stadium and Sports Development

A central component of the Walton & One project is a new 6,000-seat stadium that will serve as the home for a professional USL League One soccer team. According to city officials, men’s matches are expected to begin in 2027, with women’s matches to follow. The stadium is designed as a multi-use venue, also hosting concerts and festivals during the off-season.

Stadium Details and Community Impact

Professional Soccer: The stadium will bring USL League One matches to Port St. Lucie, expanding sports entertainment options in the region.
Multi-Use Venue: In addition to soccer, the stadium will accommodate concerts, festivals, and community events, supporting year-round activity.
Economic Growth: Officials anticipate that the stadium will attract visitors, generate revenue, and create jobs.

Development Structure and Funding

The City of Port St. Lucie owns a majority of the parcels within the Walton & One area. The project is structured to encourage diverse investment and phased growth, with no single developer controlling the entire site. This approach is intended to promote flexibility and adaptability as the project evolves.

Community Redevelopment Agency and Tax Increment Financing

Funding for the Walton & One project is provided through the Community Redevelopment Agency (CRA) using tax increment financing (TIF). This method reinvests increased property tax revenues generated within the redevelopment area back into the project. According to city officials, no general taxpayer funds are used, and the project does not require raising taxes.

Developer Requirements: Developers must post construction bonds to ensure project completion.
City Investment: The city is not guaranteeing developer debt or investing upfront capital beyond granting land use.

Planning, Review, and Economic Analysis

The Walton & One project has been in planning and review since 2023. Recent city meetings indicate readiness to move forward, pending final approvals. Economic and market analyses, according to city documents, have shown sufficient demand for the planned mix of uses, supporting the project’s viability.

Phased Growth and Flexibility

The development will proceed in multiple phases over several years. This approach allows the project to adapt to market conditions and community needs as it progresses. City officials report that this strategy supports long-term success and sustainability.

Anticipated Benefits for Port St. Lucie

Officials expect the Walton & One project to serve as a catalyst for economic growth and urban vibrancy in Port St. Lucie. The new downtown district is projected to:

Attract new residents and businesses
Create jobs and support local employment
Enhance cultural and entertainment options
Provide a central location for community events and gatherings

Experts view the project as a transformative initiative that will help establish a true downtown core for the city.

Project Timeline and Next Steps

The Walton & One project is moving toward final approvals following extensive planning and review. The stadium is scheduled to open for professional soccer matches in 2027. Additional phases of the development will be rolled out over several years, with flexibility to adjust plans based on market trends and community feedback.

Frequently Asked Questions About Walton & One Project

What is the Walton & One project in Port St. Lucie?

The Walton & One project is a planned 46-acre mixed-use redevelopment at U.S. 1 and Walton Road in Port St. Lucie. It will feature a downtown-style district with retail, restaurants, residential units, office space, hotels, entertainment venues, and a 6,000-seat soccer stadium.

How is the Walton & One project funded?

Funding comes from the Community Redevelopment Agency using tax increment financing. This reinvests increased property tax revenues from the area back into the project, without using general taxpayer funds or raising taxes.

Are there new sports facilities included in the Walton & One project?

Yes, the project includes a new 6,000-seat stadium that will host a professional USL League One soccer team. The stadium is also designed for concerts and festivals.

Can you live in the Walton & One district?

Yes, the development includes new residential units as part of its mixed-use design. These homes will offer options for people who want to live in a walkable downtown environment.