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PALM COAST, FL – August 17, 2020 – August 11 the Flagler County Planning and Development Board voted to recommend to the Board of County Commissioners (BOCC) approval of a modification of a PUD Site Development Plan and a Preliminary Plat for The Gardens, an 824-acre proposed development straddling John Anderson Highway south of SR 100. The developer is Palm Coast Intracoastal.
THE GARDENS LOCATION
Originally planned as The Gardens at Hammock Beach by Bobby Ginn and financial partner, Lubert-Adler, the development was to include:
The original property totaled 1,999 acres, but the PUD agreement set aside approximately 1,000 acres for conservation and additional acreage for a fire station and boat launch, leaving 824 acres for development.
The homesites were offered in early 2007 in the half-million-dollar range, but the housing market had already headed south. Unlike earlier Ginn successes (The Conservatory sold all 340 lots in one weekend), The Gardens sales launch garnered only 12 lot sales. The project stalled.
Upon abandoning the original plan and following Ginn’s exit, Lubert-Adler repurchased the 12 lots and proceeded to vacate the original plat. This was done, in part, to make the property more marketable to a future developer.
Sunbelt Land Management purchased The Gardens property and its accompanying development entitlements from Lubert Adler in May 2018 for $11,500,000. Sunbelt is not new to Flagler County. Under the Florida Waterway Properties LLC banner, it developed Palm Coast Plantation, a gated Intracoastal development on Colbert Lane adjacent to Grand Haven. Under a separate banner, Sunbelt is currently developing Marina del Palma, a gated marina community on Colbert Lane with Intracoastal access.
There are three major changes to the 2006 site plan that were requested by the developer.
The PUD site plan amendment item passed with only one dissenting vote after a failed appeal attempt by opponents, Preserve Flagler Beach. The public comments and discussion were temperate compared to the raucous town hall-style meeting at the Hilton Garden Inn last year that attracted over 300 attendees. A much higher density plan was introduced to the public by the developer at that time. The new plan maintains the same density previously conferred to Ginn. The second item, the preliminary plat, passed unanimously.
The BOCC will take up the issues in an upcoming meeting.
Based on the original 2,000 acres, The Garden's density is 0.227 residential units per acre. Based upon the 824 acres approved for development, the density is 0.55 residential units per acre; still sparse. Conservationists and forward-thinking planners are now touting increased, clustered density to conserve green space and water and to allow more tax-efficient delivery of public services. To learn more about their recommendations, read A Conservationist Argument for Density. See what Florida might look like in 2070.
Toby Tobin: REALTOR®
I'm a licensed Florida REALTOR® affiliated with Grand Living Realty in Palm Coast, Fla. As a real estate consultant to developers/builders, homebuyers, and sellers, and as a journalist, I have years of experience and a treasure trove of relevant data and local institutional knowledge.
Call me at (386) 931-7124 or email me at Toby@GoToby.com.
Listen to my radio show, Real Estate Matters, every Saturday morning right after the 11:00 A.M. news break on WNZF News Radio at 1550 AM or 94.9 FM. Download the Flagler Radio App from the App Store so you can hear Real Estate Matters from anywhere in the world.