December 18, 2007
General downturn doesn't slow Town Center project By BARRY FLYNN Business Writer
Town Center, the new "downtown" for Palm Coast, lost two land sales this year but is progressing with other major projects despite Florida's historic real estate bust.
General downturn doesn't slow Town Center project By BARRY FLYNN Business Writer
Town Center, the new "downtown" for Palm Coast, lost two land sales this year but is progressing with other major projects despite Florida's historic real estate bust.
Site work began this month for a $16 million Hilton Garden Inn and a two-story condominium office building, developers and city officials said. Plans for a 14-screen movie theater are moving ahead with the sale of land for it planned for this week.
Also, six banks have committed to opening branches on the periphery of the 1,500-acre project along two of the city's busiest thoroughfares, State Road 100 and Belle Terre Parkway, according to Dave Lusby, vice president of Palm Coast Holdings, the master developer.
No comments:
Post a Comment