PALM COAST, FL – July 2016 – Flagler County’s population growth rate, estimated by the U.S. Census Bureau to have been 2.76% between July 2014 and July 2015, creates a demand for roughly 1,200 additional residential units in the county annually. Commercial construction follows rooftops. That fact is driven home by the evidence of increased commercial construction activity locally.
Island Walk
Island Walk, the redevelopment of Palm Harbor Shopping Center, is a very strong indication of confidence in the continued growth of our area. This confidence if apparently well placed as Island Walk already has more than 80% of its space under lease while traditional shopping mall development is waning. Many existing malls are reportedly facing financial crisis as internet shopping is replacing bricks and mortar retailers.
Hobby Lobby will be opening its 46,301 square foot store in Island Walk in early August. Work on a 12,500 square foot Petco and 13,879 square foot Tuesday Morning are well underway. Metro Diner and Moe’s Southwest Grill have recently had successful openings. Construction of a stand-alone Chase bank building has begun. A standalone International House of Pancakes (IHOP) has been added to the developer’s list of future tenants.
Island Walk Updated Site Plan
Shoppes at Palm Coast
Construction of an 189,000 square foot Tractor Supply Co. is underway at Shoppes at Palm Coast on the southeast corner of Belle Terre and SR 100 (Moody Blvd.). An ALDI grocery store and a convenience store/gas station are also planned for the Shoppes at Palm Coast. The site plan includes additional outparcels suitable for banks or restaurants.
Tractor Supply Co. (Typical Construction)
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A long-expected Florida National Guard facility will be built at the new Belle Terre entrance to the Flagler County Airport. Construction bids for the 80,000+ square foot building are expected within the next few weeks. Construction will take an estimated 12 to 18 months.
Florida National Guard building (rendering)
Florida Power & Light will build a 25,463 square foot service building to replace two existing structures on the company’s property at the northeast corner of Town Center Blvd and SR 100. An artist rendering shows a proposed new FPL "storm rider" facility being planned for a site near Town Center in Palm Coast. Plans call for the building to be able to withstand winds of 225 mph. PROVIDED/CITY OF PALM COAST
Work has begun on the Palm Coast Art Foundation’s covered performance stage in Town Center.
The Development Order for Starling Assisted Living Facility (ALF) has been approved. The 65,497 square foot, two-story, 74-unit, 84 bed Assisted Living Facility will be built on Cypress Point Pkwy.
Almost next door to the Starling facility on Cypress Point Pkwy, construction has begun on a Super Wash Car Wash. The contractor stated value for the site development and structure is $1,450,000. They will be offering employment to 30 people with a Fall 2016 opening planned.
Construction on another ALF on Palm Harbor Pkwy is planned to begin August 1st. The 65,000 square foot facility, developed by Protea Senior Living Palm Coast, will be called Sabal Palms.
Sabal Palm (rendition)
A third Assisted Living Facility project is being moved forward by Jim Cullis. Tuscan Gardens of Palm Coast is planned to include about 250 units of combined independent living, assisted living and memory care. The project will be built on the west side of Colbert Lane, north of the Wild Oaks section of Grand Haven.
Florida Hospital Flagler is undertaking two construction projects. A Development Order has been issued for a 1,975 square foot addition for a Linear Accelerator. A 32-bed hospital expansion is already underway.
A 7-Eleven convenience store/gas station is planned for Beach Village on SR 100.
Flagler County Mosquito Control is constructing a new hanger, office building and storage facility at the county airport. The declared construction value is $1,738,899. The main building will be 5,640 square feet.
Aspen Dental is building a 3,826 dental office at 4873 Belle Terre next door to Mc Donald’s near Kohls.
Site development and building permits have been issued for a 5,928 square foot Racetrac convenience store/gas station at the southwest corner of Seminole Woods Blvd and SR 100. The developer paid over $119,000 in permitting and impact fees. A $110,072 transportation impact fee dominated the fee list.
The map below shows clearly how commercial construction is concentrated along the Palm Coast Pkwy and SR 100 corridors. In the future, look for commercial development along US1 and near the new Interstate 95 interchange at Matanzas Woods Pkwy.
