Large land development opportunity just behind the shopping center. Large land development opportunity just behind the shopping center. Coral Bay Center is an ideal home for national tenants, both retail and restaurant, to capitalize on the rapidly expanding consumer market arising in Palm Bay, FL. The extraordinary opportunity the new and emergent City of Palm Bay presents to new commercial development makes the site choice for Coral Bay Center ideal. The center provides our tenants with opportunities to succeed in a high-traffic area with growing consumer demand. There is also a large land development opportunity just behind the shopping center.