Palm Coast has never owned Bulldog Drive, a county road since 1956, though the city is widening the street, has acquired land alongside it and has engaged in an epic battle with business owner Gus Ajram as if the right of way were Palm Coast’s. City and county are speeding toward formalizing the city’s ownership.
Real Estate & Development
Ailing Palm Harbor Shopping Center Poised To Revitalize Itself as Bigger Island Walk
The remaking of Palm Harbor shopping center as Island Walk, with more and bigger stores in the old but semi-vacant heart of Palm Coast, has broad support despite a few unanswered questions, among them the likelihood that the shopping center will have enough tenants to fill the new space.
Discount Tire Store Construction Near Panera Abruptly Halted; Palm Coast Says It Had Nothing To Do With It
Discount Tire is not explaining why it decided to stop construction on its planned store next to Panera Bread on SR100. The decision startled the city, which insists it had nothing to do with it.
Palm Coast’s Ambitions for More Parks Soar, But Development Tax to Fund Them Declines
Palm Coast’s park impact fees levied on new construction are about to decline by a few hundred dollars, though the city’s ambitious plans for new parks and recreational facilities over the next few decades are unchanged.
Palm Coast Unveils Design for a Spruced Up Community Center, With Premium on Visibility
The Palm Coast Community Center on Clubhouse Drive and Palm Coast Parkway would potentially more than triple its current 5,800 square feet (to close to 20,000 square feet), and accommodate up to 200 people, starting with a $430,000 design in 2014 and first-phase construction in 2015.
Palm Coast Council Votes 5-0 For New City Hall in Town Center, With Move-In by End of 2015
In the face of intense opposition, but also just as intense support, the Palm Coast City Council Tuesday said Yes to a new city hall. The 5-0 vote followed three hours of presentations, public comment and discussion before an overflow crowd at the Palm Coast Community Center, the largest crowd to turn up for any issue in recent memory.
The Time Will Come For a New Palm Coast City Hall. This Isn’t It.
Landon and the council want their $9 million city hall the way petulant children want a new toy. But there’s a lot more arrogance than prudence in the city’s approach. So it’s pretty simple. If the city is convinced that this is a good thing for itself and for residents, just ask residents what they think. That’s a yes or no question all of us would welcome.
Burdens and Costs Pile Up for School Board’s Ex-ITT Building on Corporate Drive, Disrupting Community Education
The board bought the 54,000 square-foot building for $3.5 million in 2001 and housed the Flagler Technical Institute’s community education classes and offices there, but the building must be evacuated either by January or by summer and either rebuilt and renovated at costs approaching $5 million or demolished even as the district continues to pay $445,000 in annual debt service on it.
Palm Coast Again Pitches New City Hall, No Referendum, as Chamber Orchestrates Support
Palm Coast City Manager Jim Landon on Tuesday choreographed a presentation focused on a $9 million city hall in Town Center he said can be built mostly with existing dollars–and without a referendum–as the Flagler Chamber of Commerce and the Palm Coast Observer worked on a letter-writing campaign to sway council members, who may vote on the plan next week.
Fall Kills Roofer Roberto Martinez, 43, As He Worked on a New Plantation Bay House
Flagler County had seen a deep lull in construction-related injuries and fatalities since the end of the housing boom in late 2006. But construction activity has picked up significantly this year. Roofers have the fourth-most dangerous job, going by fatality rates in the industry–after loggers, fishers and aircraft pilots and engineers.
Taking Competition Seriously, FPC Focuses Its Own Promotional Video on Economic Impact
An eight-minute promotional and marketing video about Flagler Palm Coast High School, produced by students, reflects the intense competition even public schools now face to stay relevant, and is catching the eye of economic development officials, who see it as a means of broadening the county’s story and potential to prospective residents and businesses.
Sen. Dorothy Hukill Proposes Cutting Sales Tax on Commercial Rental Property to 5%
Senate Finance and Tax Chairwoman Dorothy Hukill of Port Orange’s proposal could cut $250 million a year from state revenue. Business leaders want the tax, currently at 6%, eliminated altogether as Gov. Rick Scott travels the state on a tax-cutting tour.
Homes Sales and Inventory Decline a Bit in Flagler as Interest Rates Continue to Rise
After July’s buoyant home-sale figures in Flagler County, which hit a post-recession high of 243 closed sales for the month, August’s numbers are somewhat less bubbly, but the trend remains solidly positive even as interest rates creep up.
County Rejects Roma Court for Sheriff’s Office as “Unworkable,” Citing 10 Issues
County Administrator Craig Coffey ended the Roma Court option’s prospects with a 10-point memo listing a series of structural and logistical concerns about the 57,000 square-foot property on Palm Coast Parkway, about half of which would have been leased to the county for the sheriff’s uses in a 15-year arrangement.
Home Sales in Flagler Hit Post-Recession High as Time On Market Declines and Prices Rise
Homes for sale in Flagler County have spent on average just 55 days on the market, also a post-recession low, while the median sale price of $155,000 in July in Flagler improved an impressive 7 percent on June’s median of $144,500, and 19.7 percent on the median price a year ago,
Court Injunction Sought to Stop Palm Coast’s Tree Removal Around Palm Harbor Center
Calling Palm Coast’s tree removal illegal, resident Dennis McDonald filed an injunction in circuit court Thursday seeking to halt removals planned for road-widening and as part of a redevelopment of the Palm Harbor shopping center that may significantly alter the character of the area.
Cool to Sudden Roma Court Proposal, Flagler Sheriff Restates Preferences for Proximity
Flagler County Sheriff Jim Manfre was surprised by an unexpected proposal from the owner of Roma Court, the chronically vacant strip mall on Palm Coast Parkway, to lease the building to the county for sheriff’s operations, and cited several factors that fall outside his preferred options.
Appraisals for Old Hospital Place Value at $1.5 Million as County Moves Toward Acquisition
The county wants to buy the old hospital in Bunnell for $1.23 million and use it as an HQ for the sheriff. Two independent appraisers have placed the market value of the old 81-bed hospital at $1.5 million, and an engineering firm that surveyed the hulking 60,000 square-foot property found no overt issues with the building aside from asbestos. A private consortium bought the building for $750,000 in 2003.
Flagler Homes’ Median Sale Price Up 28% Over Last Year as Investors Keep Buying
Sales closed on 200 single-family homes in June in Palm Coast and Flagler County, half those for cash as investors continue to buy homes. The median price of $144,500 is the best showing since February 2009. The median number of days those homes spent on the market was 71, an increase of eight days from last year.
Home-Flipping in Central Florida Fuels Bubble Fears
The median price of existing-home sales in the core Orlando market has increased from $108,000 at the beginning of last year to $145,000 as of April. A review of 30 flips by a single seller shows a median buy price of $41,178 and resale price of $74,000 — after accounting for repairs and renovations.
How Bank of America Regularly Lied to Homeowners and Rewarded Foreclosures
Bank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for sending homeowners to foreclosure, according to sworn statements by former bank employees.
Dismissing Affordable Housing Prejudices, Palm Coast Approves Brookhaven Apartments
The Palm Coast City Council Tuesday approved 4-1 the 45-acre, 117-unit Brookhaven apartments development in Town Center, which will provide housing to lower income residents and walkability to nearby areas.
Speculative Bust: How Widening Old Kings Road Left Palm Coast on Hook for $6.7 Million
Palm Coast borrowed millions from its own utility fund to complete the Old Kings Road widening on the assumption that the economy would pick up and enable the city to re-finance with bonds. That never happened. Now the city is looking to recoup its money from property owners along the road, who’d agreed to a special taxing district but with optimistic assumptions of their own that never panned out.
Sheriff Opens Palm Coast Precinct at City Market Place, Halving Cost, Not Space Needs
On Friday, the Sherif’s Office office opened its newest Palm Coast precinct, at City Market Place, a two-storefront 2,600-square foot space at $2,.000 a month that’ll add new life to the struggling shopping center in the heart of town, and a few doors down from the Palm Coast city offices.
County Is Negotiating Acquisition of Old Hospital in Bunnell for New Sheriff’s HQ
Memorial Hospital Flagler’s dead years may be over if its current owners, who are politically well connected locally, can agree on a sales deal to Flagler County. The property is listed for sale at $1.75 million. It was acquired in 2006 for $750,000.
Citing “Mismanagement and Inaction,” Nelson Blames Scott for Ongoing Mortgage Mess
Nelson said during a stop in Tallahassee that he has written the inspector general of the federal Troubled Assets Relief Fund, or TARP, to look into what he called “mismanagement and inaction by Florida officials” in administering a program called “Hardest Hit,” which was supposed to take federal money and help struggling homeowners.
Tidelands Condo Community Settlement May Underscore Turnaround for Palm Coast
Two legal settlements at Tidelands on the Intracoastal and a turn-around in sales suggest that one of the hardest-hit condo and home communities in Palm Coast is experiencing renewed vigor, and may be emblematic of a larger real estate turnaround in Palm Coast and Flagler County.
Bullish on 2013: Palm Coast and Flagler Housing Markets in Full Recovery
Have we returned to a normal market? No yet, writes Toby Tobin, but in a bullish analysis of Palm Coast’s and Flagler County’s current housing markets, he expects momentum to build into 2013, with all segments of the market are rising.
In Startling Confrontations, DeLorenzo Takes On Palm Coast’s Jim Landon–and Impact Fees
Palm Coast City Council member Jason DeLorenzo on Tuesday questioned the veracity of City Manager Jim Landon’s numbers and his “backroom” style while making the case for a two-year moratorium for impact fees on new construction in the city in a rare, direct and sustained public challenge to the assuming city manager.
In Palm Coast, the End of a 90% Building Permit Discount Will Affect Thousands
The 90 percent discount on all permits–from replacing AC units to replacing roofs or water heaters to installing pools and fences–began in 2009, because the city was collecting too much money. The discount ends Oct. 31, resulting in much steeper fees for more than 5,000 such permits a year.
As Expected, Flagler County Suspends $1,707-a-Home Building Tax for 2 Years
The county’s moratorium is relatively small, but Flagler’s chamber of commerce and its home builders association hope to get the school board to approve a moratorium next, then move to Palm Coast, where impact fees add up to $15,270.
Palm Coast Mayor Netts Says Amendment 4 Takes Taxes From “Screwy” to “Screwier”
Other Flagler government leaders joined Jon Netts in criticism of of proposed Constitutional Amendment 4, which would limit the tax liability of commercial, rental and vacant properties while lowering the tax liability of first-time home-buyers, but at the expense of local government revenue, which has been battered since 2007.
In Flagler and Across Florida, More Perky Housing Sales Point to Encouraging Trends
Sales of single family homes in Flagler were up 9.5 percent in August over a year ago, 10.8 percent across Florida, while pending sales have skyrocketed in further signs of health for the battered housing sector, even as prices still stagnate.
Palm Coast Toughs: Fake Pot Banned, Garage Sales Watched, Woodlands Development a Go
In a series of decisions Tuesday, two of them defying strong public sentiment, the Palm Coast City Council voted to prohibit the sale of legal products known as synthetic marijuana, require permits for garage sales, and open the way for a vast assisted-living development at the edge of the Woodlands.
After 22 Years of Mostly Broken Promises, County Stops Hunter’s Ridge Development
The Flagler County Commission voted unanimously to stop all permitting on the 5,000-acre development that has yet to go beyond promises, while its developer has failed to meet a laundry list of county demands and requirements.
Planning Board Unanimously Backs Big Senior Complex Near Woodlands, Upsetting Many
The recommendation now goes before the Palm Coast City Council, which is expected to approve land use changes to enable the 216-unit assisted and independent living facility despite the conversion of conservation land and traffic issues that concern Woodlands residents.
When Bankruptcy and a Second Mortgage Combine Into an Opportunity for Florida Homeowners
“Bankruptcy” and “exciting news” don’t usually go together well in the same conversation. But a recent ruling by a federal court is giving Florida homeowners a window of opportunity to strip off a second mortgage, argues consumer attorney Lewis Roberts.
GoToby’s Don Tobin Joins 8 Others Vying to Replace Frank Meeker on Palm Coast Council
Don Tobin, better known as Toby, is the most recognizable name among those declaring interest in a position four Palm Coast City Council members will fill by their appointment come November. Tobin’s focus is real estate, economic development and city-county relations.
Existing and New Home Sales Up Nationally; Florida Looks to Other Improving Indicators
Home sales have yet to kick up in Florida, where sales fell slightly in April, but Realtors are quick to say that median price and pending sales rose dramatically as the inventory of homes available for sale keeps shrinking.
There’s Only So Much Palm Coast Government Can Do About Eyesores and Vacant Lands
From the Palm Coast Players Club to the Sheraton/Palm Coast Resort or Sesame Island, the city has very limited legal or financial means, absent much higher taxes, to take over such properties and convert them to something residents would prefer, argues city council member Frank Meeker.
Florida’s Metro Areas Still Lead the Nation in Foreclosures and Delinquencies
Prompted by tumbling property values and a large number of sub-prime loans, Florida has also been slow to get back on its feet because of a foreclosure process that on average takes more than two years to complete, according to report by a Washington -based coalition that is tracking the nation’s housing recovery.
Signing For 3 More Years at City Market Place, Palm Coast Explores New City Hall Options
Palm Coast city government’s new lease at City Market Place is considerably cheaper than the $20,000 a month it’s been paying since 2008, but council members are now talking about a lease-purchase deal for a new city hall at Town Center.
ICI Homes Gets Its Way, Mostly, in Cypress Knoll Development as Palm Coast Settles Suit
Mori Hosseini’s ICI Homes has been battling Palm Coast since 2004 over a zoning designation in the E Section that ICI claims denied it its development rights. The deal means 58 homes on lots smaller than the norm in Cypress Knoll can now be built there.
Foreclosure Fast-Tracking Bill Has Homeowners Worried About Being Shoved Out
A controversial bill backers say would speed up the foreclosure process and help jumpstart the economy made its Florida Senate debut Monday amid concerns that the measure could leave some homeowners unjustly out in the cold.
Palm Coast Council Rejects Latest Cypress Knoll Development Proposal
The proposal, rejected 4-2 by the Planning Board, is part of a settlement of a long-running dispute between developer ICI and Palm Coast, would have allowed up to 60 homes west of East Hampton and south of Eric Drive.
Mission Stumbles: How Fannie and Freddie Put Homeowners and Taxpayers at Odds
Here’s a primer on Fannie and Freddie’s role in the housing market, why their actions often go against the interests of homeowners and are even at odds with their own mission, and what to expect from here on.
Good News for Flagler Property Owners: Most Home Values Will Barely Fall; Some Will Rise
Flagler County Property Appraiser’s preliminary estimate sees a property value drop in “the low single-digits” at most, with taxable values rising in Grand Haven and Flagler Beach, among other spots, as the five-year collapse in values appears to draw to an end.
Debt, Divorce, Downsizing and Death: The Thriving State of Estate Sales in Palm Coast
Estate Sales have been the lifeblood of Diana Minotti’s business in Palm Coast in the last four years, underscoring the extent–and occasional upside–of a recession as people retrench and sell off luxuries from fine art to historic furniture.
Light at the End of the Catacombs: Home Sales Up Significantly in Flagler and Florida
Palm Coast’s and Flagler County’s real estate market can take heart: for the first time in half a decade, the home-buying industry is looking a lot less grim than it’s been, even if prices have yet to catch up to the uptick in sales.
Timeline: Hammock Dunes DRI, 1982-2011
Timeline of the Hammock Dunes development DRI from its Admiral-ITT origins through its Ginn-Luber Adler ownership and disputes with the Flagler County Commission.