The decision was made recently and unexpectedly by Palm Coast Holding’s parent company, Allete Properties of Duluth, Minn. Seven employees will be affected.
palm coast real estate
The average number of home sales in the past seven months is still slower than the previous six months, but inventory is diminishing and prices continue to rise, once again raising questions of affordability.
Parkside Realty Group Broker and Owner Sam Perkovich announced last week that Gail Downs, the 2015 Flagler County Realtor of the Year, has joined Parkside Realty.
The 247 homes sold in June reduced the county’s supply to just five months’ worth, tilting the market to sellers’ advantage, while prices saw a healthy rise as well.
First envisioned almost a decade ago, the Shoppes at Grand Haven will be the new home of the gated community’s sales offices, which will anchor a hoped-for commercial development, the first on Palm Coast’s Colbert Lane.
The Flagler School Board got no bids on its 54,000-square foot building in pring, which it’ll pay $200,000 to demolish, after paying off a $770,000 debt on it.
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.
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 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.
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.