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Real Estate & Development

Category archives for: Real Estate & Development

As Palm Coast Talks Development, Housing Prices Hit New Low, Falling 4.2% in 1Q

FlaglerLive | May 31, 2011

Housing prices fell to levels not seen since 2002 as double-dipping prices hit new recession lows. Meanwhile, the Palm Coast City Council discussed approval of a plan that would add 12,000 housing units to the local hosing stock.

In a Shift, and Despite Glut, State Approves 5,000-Home Palm Coast Development

FlaglerLive | May 23, 2011

Old Brick Township to Palm Coast’s northwest is just one of several planned developments and existing lots that would add 40,000 new homes and 9 million square feet of commercial and industrial zones, more than doubling Flagler’s and Palm Coast’s populations.

Hurricane Tallahassee: Environmentalists Survey Wreckage of 2011 Legislative Session

FlaglerLive | May 13, 2011

Developers gained more power in environmental disputes, state regulation of development was scaled back, the Department of Community Affairs is all but history as the Florida Legislature diminished the state’s growth management role in favor of development.

Summit-Scaling: Enterprise Flagler, Rising Again, Wants $6.5 Million Over 3 Years

FlaglerLive | May 12, 2011

What you can expect at Friday’s economic-development summit: Demands for more tax dollars, speculative promises of thousands of jobs from executives, skepticism and disconnects. In short, a retread of old scenarios.

Making It Right in New Orleans, 6 Years After Katrina: The Grit of Pitt and Green

FlaglerLive | May 11, 2011

From Brad Pitt’s Make It Right program to a broad-based spirit of enterprise, Flagler Beach’s Frank Gromling has been tracking New Orleans’ rebirth every year by attending the city’s annual jazz festival.

Florida Home Sales Rise in 1Q, Home Values Tumble Again

FlaglerLive | May 10, 2011

Florida home sales rose 13 percent in the 1st quarter, led by a glut of bank-owned homes on the market, but housing prices continued to fall, dampening hopes that property values have bottomed out.

Loan Modifications: How Banks Require Struggling Homeowners to Waive Rights

FlaglerLive | May 10, 2011

Mortgage loan modification scams: Regulators ban the practice, but banks are forcing homeowners struggling to save their home to sign away their right to sue.

County Property Values Fall Another 14%; Palm Coast: -12%; Tax Rates Heading Up

FlaglerLive | May 5, 2011

The declines, for the fourth year in a row, will define to what extent local governments must either raise taxes or cut services as they prepare next year’s budgets. Governments have little room to cut anymore, short of vitals services.

Property Tax Overhaul Passes House: Breaks For New Home Buyers, Business, Snowbirds

FlaglerLive | May 2, 2011

First-time home buyers would get a 50 percent property tax break on the value of their home. Voters would decide whether to cap property tax assessment increases for commercial properties at 5 percent.

Palm Coast’s Latest Invitation to Landowners: Come Build a Business Park With Us

FlaglerLive | April 26, 2011

Palm Coast’s business park partnership program would entail spending significant taxpayer resources to develop construction-ready sites in partnership with private property owners, as bait for future commercial activity.

New Home Sales Rebound From Record Low, But Sales Still 22% Lower Than Last Year

FlaglerLive | April 25, 2011

March new home sales post an 11 percent increase over February, but February had posted a record low, and March’s 300,000 sales volume is still 22 percent below sales in March 2010.

Growth-Management 2.0: Local Government Whims Sprawl Over State Oversight

FlaglerLive | April 25, 2011

Republicans have complained for years that growth management rules slow growth in the state. A glut of empty homes suggests otherwise. Local governments will be empowered to take advantage of far more lax growth rules.

Property Tax Reform: 50% Exemptions, Breaks for Investors, Losses for Local Governments

FlaglerLive | April 20, 2011

Supporters of the overhaul say it’ll fill up empty homes. Critics say it’ll also slash local government revenue and further shift the tax burden to current residents, exacerbating inequities.

Flagler Power: From Bunnell By-Pass to Weigh Station to A1A Seawall, FDOT Retreats

FlaglerLive | April 16, 2011

Three times in the past 12 months, Florida Department of Transportation projects in Flagler County have foundered on the well-organized shoals of local opposition across government boundaries and fiefdoms.

Palm Coast Maps Out Gentler, Kinder Impact Fees on Developers, But Questions Arise

FlaglerLive | April 12, 2011

The one-time impact fees developers pay when they build something would be lower for residential construction. Builders would get discounts for paying up front, or get to pay them on an installment plan.

More Questions Than Answers As Palm Coast Desalination Project Scouts Locations

FlaglerLive | March 10, 2011

The public got its first chance to weigh in on Palm Coast’s $200 million seawater desalination project. Opinions were not friendly, and concerns over environmental issues specific.

In Your Backyard: Public Discussion on Where to Plunk Desalination Plant Wednesday

FlaglerLive | March 8, 2011

The $200 million, Palm Coast-led desalination project is holding an open house and public comment period on the project’s location beginning at 6 p.m. at the Whitney Laboratory in Marineland on March 9.

Familiar Slogans and More Familiar Questions as 2-Day Economic Development Summit Ends

FlaglerLive | March 5, 2011

It was left up to Palm Coast City Manager Jim Landon to remind the assembled that slogans don’t make economic development policy, and unity of message is still far from a given in a county with diverse interests and constituencies.

Marineland’s Future: Dividends in Waiting After Acquisition by Georgia Aquarium

FlaglerLive | February 24, 2011

David Kimmel, President of the Georgia Aquarium, the new owner of Marineland’s dolphin attraction, and others assess the future of the marriage between town and attraction.

Impact Fee Challenges in Florida: Legislature Moving to Neutralize Local Governments

FlaglerLive | February 23, 2011

Local governments are challenging a 2009 law they consider an unfunded mandate that shifts the burden of proof from developers to governments in impact fee challenges. In a boon for developers, lawmakers are rewriting the law to make it challenge-proof.

Flagler Beach and Willing Investor Still Not Moored to New Pier Restaurant Lease

FlaglerLive | February 3, 2011

Raymond Barshay and Flagler Beach Commissioners are at odds over the fate of the bait and tackle shop, which has been attached to the Pier Restaurant. They’re at odds over several other issues. But they’re still talking.

Done Deal: City Picks Architecture Firm, Advertises Construction For New City Hall

FlaglerLive | February 3, 2011

City council members, including Mayor Netts, insist that until they have a signed contract, nothing is a go. Netts is still waiting for hard data from City Manager Jim Landon justifying the new building.

Palm Coast Largely Rejects County’s Economic Development Track, Including New Tax

FlaglerLive | January 25, 2011

Ahead of Jan. 31′s countywide summit on economic development, Palm Coast is saying no to a new sales tax, no to a common pot that limits Palm Coast’s influence, and no to a new economic development council.

Bunnell’s Central Commerce Park Finally Breaks Ground, With an Order of Wendy’s

FlaglerLive | January 20, 2011

A new Wendy’s restaurant in April will be the first business at Flagler Central Commerce Park in Bunnell, a 1 million square foot commercial development seven years in the works. So far, no other business has signed up.

Postcard-Size Economic Development: Palm Coast’s Plea to Absentee Property Owners

FlaglerLive | January 12, 2011

The city administration is planning to send postcards to owners of some 18,000 empty lots and 5,400 empty homes as a step to reviving the real estate market, though the city’s development policy is at cross-purposes with filling those empty lots.

Negotiations Over New Pier Restaurant Lease Crawl Between Nods and Deal-Breakers

FlaglerLive | December 22, 2010

A marathon negotiating session over a new Pier Restaurant lease between the Flagler Beach City Commission and restaurateur Raymond Barshay left several issues unsettled.

Greasy Spoon No More? Flagler Beach Ready to Negotiate New Lease for Pier Restaurant

FlaglerLive | December 21, 2010

A year of indecision later, Flagler Beach city commissioners will discuss a 31-year lease with Ormond Beach restaurant owner Raymond Barshay at a special meeting of the commission on Dec. 22.

Trial May Settle Ginn-County Dispute Over Towering Condo at Hammock Dunes

FlaglerLive | December 15, 2010

Neighbors and the county strenuously objected to Ginn-Luber-Adler’s proposal to build a massive, 561-unit condo-hotel on the beach at the end of 16th Road, even after the developer scaled back the proposal to 289 units.

Deceptive Calm: Flagler and Florida Spared 3rd-Busiest Hurricane Season on Record

FlaglerLive | December 1, 2010

The calm is deceptive: Florida has done nothing to reduce its colossal property-insurance exposure. To the contrary. Builders are increasingly encouraged to build anywhere to reverse the effects of the real estate crash.

Wrongful Foreclosure: What You Need To Know

FlaglerLive | November 27, 2010

Banks and foreclosure defense attorneys disagree on whether errors in the process have caused wrongful foreclosures — but their definitions of what constitutes a “wrongful foreclosure” differ.

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