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Category archives for: Real Estate & Development

Palm Coast Will Borrow $30 Million to Build New Sewer Plant, Pledging No Rate Increase For 5 Years

| February 26, 2015

The new plant would be financed with a 20-year loan at less than 1 percent interest, and the city’s total debt load would rise to around $200 million. It also depends on steady growth in coming years.

City Hall Rising: Walls Go Up at Palm Coast’s Future Home

| February 24, 2015

Walls built in place went up Tuesday morning on the site of the future Palm Coast City Hall in Town Center, marking a significant visual advance in the nearly $10 million project as it moves toward completion by fall.

As FAA Issues Rules, New Palm Coast Drone Company Beguiles Realtors and Others

| February 23, 2015

CAVU Aerial Photography, a drone company in Palm Coast since August, has been showing Realtors, communications companies and others the many uses of drone technology, which is expected to boom with the FAA’s new, more permissive rules.

Ending Long Fight, County Approves Short-Term Rental Regulations–With Grandfather Clause

| February 19, 2015

New rules limit short-term rental homes to 10 overnight occupants, and require inspections and a certification process, ending a three-year effort by the county to change state law and enable the commission to regulate the industry.

Fearful of Scaring Buyers or Undervaluing Property, School Board Haggles to $2.3 Million Price for Corporate Building

| February 19, 2015

The Flagler school board now finds itself in the paradoxical position of attractively advertising the ex-ITT property for sale after it was essentially condemned as a school facility.

“Halleluiah Jesus”: From “Project Hot Dog” to Foreign Investors, Flagler Sees Commercial Real Estate Turn-Around

| February 19, 2015

Ukrainian entrepreneurs, Chinese investors and local businesses looking to expand are resulting in robust new activity on Flagler’s long-dormant commercial real estate sector, the county’s economic development council learned this morning.

With Generous County Subsidy, Christian School May Be Next Tenant of Old Courthouse

| February 9, 2015

County government will vote Tuesday on a proposal by First Baptist Christian Academy of Palm Coast to lease the old courthouse in Bunnell for $5,700 a month, and with an interest-free, 30-year tax-funded loan of $360,000.

County Approves Salamander’s Bid For 198-Room Hotel, With Conditions and Donations

| February 3, 2015

The Flagler County Commission’s verdict, just before 2 a.m. Tuesday, includes some last-minute promises of land and dollars from Salamander, and a four-year deadline to build the $72 million project.

Salamander’s Hammock Beach Hotel: An Invitation to Future Prosperity in Flagler

| January 31, 2015

Tim hale, a Palm Coast business owner and Hammock resident, argues that Flagler County’s economic future is intertwined with Salamander’s proposed 198-room hotel at Hammock Beach.

Supreme Court May Invalidate Fair Housing Provision Cities Use to Combat Segregation

| January 21, 2015

The Supreme Court has been weakening many civil rights protections for decades. It appears on the verge of gutting the Fair Housing Act. It hears arguments in a case today that will be decided by the end of June.

White Elephant No More: County Approves 5-Year Lease of Costly Ginn Hangar in Deal With New Company

| December 16, 2014

Delta Engineering of New Catle, Del., expanding in Flagler with 10 to 30 high-paying jobs, will fill the old Ginn building that had left the county with a $2 million liability when Ginn went bankrupt.

Projecting $1 Million Saving, Palm Coast Will Build $2.5 Million City Hall Addition Now Instead of 2019

| December 9, 2014

The total Palm Coast City Hall cost rose to $9 million as the council agreed to build an 8,000 square foot addition as part of a broader construction plan that would net the city savings over five years.

Hurricane-Free For 9th Consecutive Season, Florida’s Property Insurers Now Better Braced for Catastrophe

| December 1, 2014

A single Andrew-like Hurricane could wipe out in a day what Florida has taken almost a decade to recoup, but those nine years of calm have also placed the state in a stronger position to face an eventual and inevitable catastrophic storm.

Renovate and Lease Old Courthouse But Don’t Sell or Demolish, Committee Recommends

| November 14, 2014

An advisory committee’s much-awaited findings recommend that county government continue to carry the maintenance costs of the old courthouse until it is able to renovate and rent it to non-profits or office-type concerns.

Demolition Set for Old Palm Harbor Center, As Is Competitive Rebirth of Island Walk

| November 13, 2014

A huge segment of the old Palm Harbor Shopping Center is about to go under the wrecking ball as part of the $41 million redevelopment of the site, which will take over a year, though Publix will remain open there throughout, and move into a much larger store by the end of 2015.

“Epic Moment in Palm Coast’s History” as New City Hall Breaks Ground at Town Center

| October 30, 2014

Mayor Jon Netts celebrated the occasion in words that richly threaded Palm Coast’s nomadic years to Wednesday’s moment, turning symbolism into masonry as he spoke of the building representing unity, diversity and energy.

Palm Coast Sets Special Meeting Tuesday to Consider Tax Breaks for Palm Harbor Shopping Center’s Redevelopment

| September 26, 2014

The unusual special meeting is set to two proposed measures: a tax-break package valued at $52,000 for the Palm Harbor shopping center redevelopment, and a $900,000 purchase of 21 vehicles for the city’s fleet.

Palm Coast and County Close to a Deal 4 Years in the Making, Resolving Conflict Over Airport

| September 9, 2014

The Palm Coast City Council is still not entirely happy with the agreement because of uncertainty over a potential city park, and the county commission hasn’t even seen or discussed the agreement.

Daytona State’s Palm Coast Campus Celebrates Its New Addition at 4 PM Today

| August 14, 2014

The 24,000 square foot expansion is anchored by a stately-looking two level building, a $7.6 million project. The ribbon cutting runs from 4 to 6 p.m. today at 3000 Palm Coast Parkway SE.

Aug. 21 Seminar: The Lowdown on New Laws Regarding Homeowner and Condo Associations

| August 11, 2014

Flagler Beach’s Preferred Management Services is presenting a seminar on new laws affecting homeowner and condo associations on Aug. 21 at the Hilton Garden Inn in Palm Coast, from 1 to 3:30 p.m. RSVP required.

Repertory Theatre Will Keep Its Home in a Favorable Arrangement With City Marketplace

| July 29, 2014

The theater will remain at City Marketplace for at least one more year. City Repertory’s future had been in doubt for months with the departure of Hollingsworth gallery, which had been its landlord until its departure this month.

Daytona State College Celebrating Flagler-Palm Coast Campus Expansion on Aug. 14

| July 23, 2014

Daytona State College will celebrate the expansion of its Flagler-Palm Coast Campus on Thursday, Aug. 14, with a ribbon-cutting ceremony marking completion of a new $7.6 million high-tech classroom and student center that will nearly double the campus’ capacity.

Mounting Cost Overruns Latest Challenges To Bedevil Bulldog Drive Expansion

| July 10, 2014

The Palm Coast City Council will approve doubling “contingencies” to $427,000 for the now-$5 million Bulldog Drive project, after approving change orders on the engineering contract that more than doubled the cost to $845,000.

City Marketplace Softens Tone Against Tenants, But Sheriff Still Disputing New Fees

| July 7, 2014

John C. Bills, the new owner of City Marketplace, sought to mitigate fallout from bad publicity through a memo to tenants that explains sudden, higher costs without retreating from them.

Bulldog Drive War Over: Palm Coast Settles With Ajram, Paying Him $215,000 More Than It Offered in 2011

| July 2, 2014

Palm Coast agreed to pay GEA Auto owner Gus Ajram $1.15 million for his two properties on Bulldog Drive, $25,000 more than even he was asking three years ago, ending years of acrimony and clearing the way for the city to eventually (and again) widen Bulldog Drive unimpeded.

Lawsuit and Ethics Charge Cite Flagler Commissioner Revels Ties to Business Associate in County’s Old Hospital Buy

| July 1, 2014

A group calling itself the Flagler Palm Coast Watchdogs filed a lawsuit against Flagler County, seeking to stop construction on the old Memorial Hospital property slated to be the sheriff’s headquarters, and alleging that Commissioner Barbara Revels did not disclose owning shares in the bank run by one of the men who sold the hospital to the county for $1.23 million last August.

Palm Coast Council Has No Objection to 10% Rent Increase at City Marketplace Offices

| June 24, 2014

The two sides this week have worked out a lease agreement that would raise Palm Coast’s rent by $2,000 a month, to $22,000, but also reduce Palm Coast’s space modestly, by 1,278 square feet, from a total of 22,200 square feet currently. The agreement will keep Palm Coast from having to look for new digs before its City Hall is ready next fall.

Hollingsworth Gallery Will Leave City Marketplace for Nature Scapes, Closing Curtain on Vibrant Arts and Theater Era

| June 20, 2014

Hollingsworth Gallery and Nature Scapes in Bunnell are near a deal on the gallery taking over a 6,0000-square-foot building to develop new arts programs and a full arts community there, but leaving City Marketplace leaves City Repertory Theatre without a home, and a fourth season beginning in September.

City Markeplace Landlord Stuns Sheriff’s Palm Coast Precinct With 212% Fee Increase

| June 19, 2014

While increasing rent a modest 3%, John C. Bills Properties told the Sheriff’s Office this month that its CAM fee would increase from $420 a month to $1,313 a month, and that the fee would be retroactive to January, adding another $5,400 charge, which a sheriff’s attorney finds inappropriate.

For $600,000, Bunnell Buys Former Heritage Charter School Campus For Its New City Hall

| June 3, 2014

The decision was the result of ma 3-1 vote at a special meeting. Bunnell projects spending an additional $300,000 to prepare the three-building campus for its permanent offices, including the police department, all of which have been spread through three locations around Bunnell for the past five years.

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