The multifamily boom will continue into 2022, with new projects popping up across Volusia County.
Next groundbreaking will be Integra Myst in Deltona. Integra Land Co. of Lake Mary purchased the land on Saxon Boulevard for the project for $5.117 million. The company also submitted a notice that it will begin construction of the 301-unit apartment complex, including a clubhouse/leasing office with amenities and outbuildings.
Apparently we can get used to the name First Florida. Collier Co. of Gainesville hired the Miami-based construction firm to build Hawks Mill (formerly Osprey Point) on Clyde Morris Boulevard and Madeline Avenue in Port Orange. It is also working with Canadian developer Bo Chorney to build apartments on North Williamson Boulevard.
Sometime in 2022, we’ll likely see two major housing projects spring up in downtown Daytona Beach. First up is likely to be Atlanta-based Westplan Investors, which is building Accent apartments, as the Bay Street and Palmetto Avenue project was further along in the permitting process and the required demolition had already taken place. The Framework Group’s North Beach Street project will take longer as it is early in the process and involves the demolition of about 10 buildings that have not yet begun.
South Daytona has two projects replacing the former Cemex facility and one on the riverfront. The Cove at Costal Woods in New Smyrna Beach should also begin soon. There is also another project in DeBary that could happen.
Construction continues on the Eden on Crystal Lake in Port Orange and the Edison on LPGA Boulevard in Daytona Beach. There is also an apartment project as part of the reservation at Tymber Creek on LPGA Boulevard and Tymber Creek Village in Ormond Beach.
I’m sure I’m missing something, but you get the picture. The improving economy and other factors are creating high demand for housing, so we will see a lot of multi-family activity this year.
We’ve had another week of the commercial real estate rush going into the new year, but it should slow down a bit. Recent deals include PGIM Real Estate of Madison, NJ, purchasing mobile home park Lakeview Estates on Nova and Reed Canal streets in South Daytona for $17.5 million. Dallas-based Hillwood Development Co. purchased land for the Amazon distribution center on Bellevue Avenue in Daytona Beach for $13.775 million. Brooklyn-based Merit Hill Capital purchased the convenience store at 1104 N. Nova Road in Daytona Beach for $11.538 million. StoreSmart Self Storage of Roswell, Georgia purchased the convenience stores at 530 S. Spring Garden Ave. in DeLand for $8.7 million.
A Chicago investment firm bought the Walgreens at 1625 Taylor Road in Port Orange for $5.93 million. Daytona Beach businessman Pinchas Mamane purchased the Beach Quarters Resort at 3711 S. Atlantic Ave. in Daytona Beach Shores for $3.2 million. Plantation, Fla. Investors bought Walgreens property at 2620 S. Nova Road in South Daytona for $3.1 million. A Miami company bought the trailer park at 622 N. Beach St. in Daytona Beach for $2.75 million. All Aboard Properties purchased the new car wash at Granada Pointe, 520 W. Granada Blvd. in Ormond Beach for $2.454 million.
United Oil Co. of Tampa purchased the closed gas station/convenience store at 2655 W. International Speedway Blvd. in Daytona Beach for $1.5 million. Kirk and Martha Bauer of DeLand purchased the office complex at 505 E. New York Ave. in DeLand for $1.46 million. Pain Medicine Group of Sarasota purchased the Tiffany Center office building at 2583 S. Volusia Ave. in Orange City for $1.254 million. The Daytona Beach couple continues to acquire land along LPGA Boulevard under Thoroughbred Classics, acquiring a 90-acre property near Daytona Stadium for $1.25 million. WPGC Construction of Winter Park purchased the retail property, which includes a Save a Lot store, at 221 S. Woodland Blvd. in DeLand for about $1.225 million.
Vision Development & Management of Orlando purchased the commercial property at 2590 S. Volusia Ave. in Orange City for $1.145 million. Sarasota investors purchased the Tire Kingdom lot at 20 N. Yonge St. in Ormond Beach for $1.07 million. The Ormond Beach Vanacore brothers purchased the proposed townhouse development land on Glenview Boulevard (behind Wells Fargo Bank on Seabreeze Boulevard) in Daytona Beach for $1.025 million.
Along with a few smaller businesses, Emily and Michael Colon bought the property at 642 N. Dixie Freeway in New Smyrna Beach to use for their Taco Shack business for $800,000. Owners of Welcome Hospitality Supplies in Port Orange purchased the former bank building at 3741 Nova Road in Port Orange for $695,000. A St. Augustine doctor bought a vacant commercial lot on North Clyde Morris Boulevard between Dunn and Mason Avenues for $665,000. Adams Homes purchased the Lagoon Mist property containing 17 residential lots on Lagoon Avenue, east of US 1, in Oak Hill for $620,500. Morgan & Morgan attorneys purchased the old house, which was converted into an office building, at 302 W. New York Ave. in DeLand for $612,500.
Other properties of interest include Kolter Homes of Delray Beach, which is proposing a 1,000-acre residential community of homes and townhomes in the southwest quadrant of I-95 and I-4 in Daytona Beach. Approval continues for the addition of 500 properties to Latitude Margaritaville in Daytona Beach. Kenny’s Liquor is proposing a new 4,000-square-foot drive-through store behind Walgreens on Roberts Road in Edgewater. The gas station at 580 Mason Ave. in Daytona Beach is undergoing renovations to reopen. Green Turtle Kava goes to The Shoppes in Beville at 1500 Beville Road in Daytona Beach.
Finally, we would like to mention that we had our first casualty retail announcement of the year. Bed Bath & Beyond is closing its Orange City store as part of an effort to close 200 stores announced in 2020. The retailer announced its third-quarter results on Thursday, saying it had closed 170 stores and will reach 200 by the end of 2021. The Daytona Beach store remains open.
Editor-in-Chief Cecil G. Brumley has followed the business and economy of Volusia County for more than 24 years. Contact him at [email protected] (no hyphens) or follow him on Twitter @cecilbrumley.