A Real Estate News Website

Rumors

Rumor: Palm Harbor Shopping Center Might get a New Publix4 comments.
February 22, 2013 – Site is too valuable for a worn out plaza. Look for all new construction.

Rumor: Palm Harbor Shopping Center Under Contract
February 19, 2013 – The unidentified buyer is currently in due diligence mode. At this time, the prospective buyer's identity and further details are unknown.

Real Estate Rumor: Big Lots for Palm Coast Town Center4 comments.
January 18, 2012 – Lots of intrest in a Palm Coast Big Lots

Rumor: Is Escalante Golf Buying Grand Haven and Osprey Point?2 comments.
November 4, 2011 –Although all parties involved remain tight-lipped, evidence is increasingly pointing to Fort Worth, Texas-based Escalante Golf as the buyer. A name here, a license plate there, based in Texas; not proof positive, but enough for educated conjecture.

Costco, Sam's Club, BJ's Wholesale Club10 comments.
September 15, 2011 – Rumors galore, but don't get your hopes up. It's all about rooftops, demographics, and the economy.

Salamander Hotels & Resorts will Operate Hammock Beach and Reunion Golf Courses1 comment.
September 2, 2011 – Change scheduled for November 1

Crescent Resources Golf Rumors and Facts16 comments.
August 3, 2011 – Jason Stasa let go at Grand Haven Golf Club

Possible Buyer for Hammock Beach Club7 comments.
April 19, 2011 – [Updated 4/21] A Canadian is said to be looking at the golf courses along with future development rights. The NOPC outcome will likely be a key factor.

''Talk about Town'' – Rumors of Developments in Palm Coast Real Estate9 comments.
March 14, 2011 – If the rumor mill is an accurate bellwether, the tide may be turning for Palm Coast

Crescent Resources Golf Course Sale Update
February 15, 2011 – The group with casino connections has pulled out to be replaced by a California-based golf company.

Panera Bread Serious About Palm Coast4 comments.
January 13, 2011 – Plans a new bakery-cafe in Town Center

Lots of Mississippi License Plates Checking Out Crescent Resources' Osprey Cove
November 16, 2010 – From a couple different sources, it looks like a group from near Biloxi is the 'pending' buyer for Osprey Cove, Winding River, and maybe The Grand Club.

Rumored sales contract on Bella Collina5 comments.
November 8, 2010 – Buyer of Ginn-developed community is said to be a former NFL player and current real estate developer.

Panera Bread and Competition for Florida Hospital Flagler
September 30, 2010 – Rumors confirm faith in Palm Coast's economic recovery.

Walmart and Other Old Kings Road Rumors3 comments.
September 10, 2010 – Walmart Supercenter construction will likely begin after the first of the year on a smaller version of the original plan.

Planet Fitness Eyes Town Center Location4 comments.
July 6, 2010 – Health Club Brand is rumored to be looking at a location facing Market Avenue behind the Town Center Publix.

New Life for Eagle Lakes Development Rumored19 comments.
February 2, 2010 – Heard on the street: A new buyer for the Eagle Lakes development on Old Kings Road South.

No Section 8 Housing for Tidelands2 comments.
December 15, 2009 – How do these rumors get started?

Darden Restaurants Offers Two for One: Olive Garden & Red Lobster Under One Roof10 comments.
November 24, 2009 – New Town Center restaurants will share bar and kitchen.

Wyndham Timesharing Ginn's Remaining Reunion Villas
October 3, 2009 – 300 remaining Reunion Resort villas may be marketed by Wyndham

Grand Haven's Jack Nicklaus-designed Golf Course May be Sold6 comments.
August 30, 2009 – The Jack Nicklaus Signature Grand Haven Golf Course and clubhouse in Palm Coast, FL may be sold soon. Updated 9/13.

New High School on Colbert Lane Rumor Debunked
July 27, 2009 – Many rumors are based on some underlying fact. Recent rumors of a new high school planned for Colbert Lane in Palm Coast falls into this category.

Another Theater Operator Waiting to See if Epic Builds Its Multplex Theater9 comments.
July 10, 2009 – When Epic first delayed construction of its 14-screen multiplex theater planned for Town Center, it attributed the delay to two other theaters it had under construction. These theaters, one in nearby St. Augustine, have been open for a few months now but no dirt is being moved in Town Center.

Former Ginn Community Cobblestone Park Rumored Sold2 comments.
June 17, 2009 – Another "former" Ginn community is rumored to have been sold. Cobblestone Park is a luxury private community outside Columbia, S.C.

Golf Channel Looking into Ginn Property Purchased by Players2 comments.
May 24, 2009 – Some Golf Pros Who Own Ginn Property are Not Among Bobby's Fans

Is there an Olive Garden in Palm Coast's Future?7 comments.
May 1, 2009 – Rumor: A previously reliable source tells me that Darden Restaurants is close to a deal that will put an Olive Garden in Palm Coast at Town Center, near the SuperTarget.

Real Estate Developer Ginn-LA Outsources Security5 comments.
March 1, 2009 – Rumor: Two readers contacted me today to tell me that Ginn-LA (real estate developer Bobby Ginn and financial partner Lubert Adler) has decided to outsource its security division.

Hammock Sotheby's International Realty Get's Ginn Hammock Beach Real Estate Listings1 comment.
February 1, 2009 – (Updated) What was formerly known as Hammock Dunes Real Estate is rumored to have made a deal with the Ginn Company to acquire Ginn's property listings at Hammock Beach.

Is Donald Trump Looking at Ginn's Tesoro?2 comments.
January 18, 2009 – Donald Trump is rumored to be looking to purchase Tesoro, a Ginn Company development in Port St. Lucie. Tesoro is one of two Ginn comunities affected by a recent Chapter 7 bankruptcy filing.

Ginn-LA Credit Suisse Rumors Abound2 comments.
November 12, 2008 – A deal to settle Ginn's debt with Credit Suisse is said to be done. Other Ginn rumors abound.

Ginn Company May Outsource Hammock Beach Sales Duties7 comments.
September 20, 2008 – From the rumor mill: The Ginn Company faces problems on many fronts. Fighting credit issues and a cash flow crunch, Bobby Ginn is looking for ways to cut costs. His Hammock Beach sales and marketing team is rumored to be one cost center that is under scrutiny.

Appraisers Looking at LandMar Properties. Does this signal a possible sale?3 comments.
September 7, 2008 – Something's going on at LandMar, one of Palm Coast, Florida's largest residential developers. An Orlando-based appraisal company was recently evaluating some of LandMar's local holdings; Grand Haven, Grand Landings, and Grand Woods.

Palm Coast's Palm Harbor Golf Course Construction Bids Going Out Soon6 comments.
August 10, 2008 – Bids on reconstruction of Palm Harbor Golf Course going out within weeks. First play expected September 2009.

Future of Bobby Ginn Sponsored Golf Tournaments may be Clouded3 comments.
July 28, 2008 – In a Golf World piece dated July 27th, executive editor Ron Sirak raises the issue of continued sponsorship of professional golf tournaments by Bobby Ginn's Ginn Resort's.

Palm Coast Day's Inn Next to Home Depot2 comments.
July 15, 2008 – Palm Coast Day's Inn is planning a new hotel for a parcel north or the Home Depot parking lot, overlooking the southbound I95 exit.

Ginn Drops Villa Prices in Reunion Resort near Orlando, Florida
June 30, 2008 – An Orlando area GoToby.com reader reports that the Ginn Company has reduced prices on over 100 villas surrounding the water park in its Reunion Resort near Orlando's Disney World.

Sea Ray Boats Lays off 113 workers at Palm Coast, FL Plant
June 27, 2008 – Brunswick reportedly laying off 113 workers at their Sea Ray boats plant near Palm Coast in Flagler County, Florida.

If Bees Come to Honey, Do Banks Come to Money?1 comment.
June 5, 2008 – Two more bank locations appear to be in the works – both in Town Center.

Two Lawsuits Reportedly Filed Against Ginn Company in Lake County, Florida by Property Investors
May 9, 2008 – A one-time Ginn property owner tells me that two lawsuits were filed in Lake County in late April against the Ginn Company by owners of property in Ginn's luxury Bella Collina development. The suits total approximately $45 million.

It Looks Like Palm Coast, FL May be Getting a Best Buy Store4 comments.
May 4, 2008 – (Updated May 30) Best Buy is rumored to be planning a store to be located at Belle Terre and State Route 100.

Jeff Davis Stepping Down From Post as President of Ginn Real Estate
April 21, 2008 – Jeff Davis is rumored to have stepped down voluntarily from his post as President of Ginn Real Estate.

Palm Coast Sam's Club Rumor has New Life
April 2, 2008 – Sam's Club sales representative tells of possible location near Belle Terre and SR100 for future Palm Coast store only six weeks after Sam's Club Member Services denies rumor.

Centex May Have a Buyer for Remaining Palm Coast Resort Condominiums3 comments.
March 21, 2008 - Centex may have found a buyer for the remaining Palm Coast Resort Condominiums.

Sam's Club Rumor is Dead. Costco not Likely Either2 comments.
February 18, 2008 – Sam's Club denies rumor of a store planned for Palm Coast. Costco rumor also unlikely to become fact.

WCI Rumor about Unpaid Bills is NOT True
February 4, 2008 – Yesterday, I posted a rumor that WCI had stopped paying its association bills at Hammock Dunes. This story came from a previously reliable source but turns out to be untrue.

Rumor – Ginn’s Condominium at Yacht Harbor Village is Sinking – FALSE
January 30, 2008 – For over a year, people have been asking me if it’s true that the condominium at Ginn’s Yacht Harbor Village is sinking. When I looked into it a year ago, I was told that it was not true. In fact, one source suggested that the rumor was started by a salesperson at a competing condo project. In any event, I wrote an article on the “Rumor” page at that time. I've been asked the same question at least once a month since.

Rumor – Conservatory Lot Owner Gets Loan Extension
January 29, 2008 – The fact that several Conservatory lot owners face balloon payments or ARM resets this Spring has led to speculation over the effect such an event would have on the market. When Bobby Ginn met with property owners last year, he committed to encourage lenders to be more flexible in their terms. Apparently, he was successful.

The Rumor that LandMar is Selling Grand Haven and Grand Club Golf Courses is False7 comments.
January 16, 2007 – A persistent rumor that LandMar was selling the Grand Haven Golf Course and the Grand Club courses is false.

Is a Bonefish Grill Coming to Palm Coast?6 comments.
January 11, 2008 – Palm Coast was rumored to be getting a Carrabba’s Italian Grill. It was going to be located in the Fairfield Inn under construction on Old Kings Road just south of Palm Coast Pkwy. Well that deal didn’t work out, but now it seems we may be getting a Bonefish Grill.

One Palm Coast Homebuilder Buys Lots from Another Who is Leaving Flagler County1 comment.
January 2, 2008 – Sages have often said that the profit from a sale is made in the beginning, when you buy. Those who buy right make profits. Those that don’t, don’t. Masterpiece Homes, who didn't buy right, apparently has sold most of its Flagler County inventory of building lots to locally owned SeaGate Homes. Masterpiece is pulling out of Flagler County.

Town Center SuperTarget Store Opening Delayed2 comments.
December 27, 2007 – A rumor that has been circulating for about a week seems to be confirmed in a posting to PalmCoast.biz. It includes an email response from Target in response to an inquiry by the poster. It states, “The Palm Coast SuperTarget store near you is scheduled to open on July 23, 2008.” The rumor attributing the delay to a change in contractors remains unconfirmed.

Hammock Dunes Tower Condo Builder Selling Assets
December 26, 2007 – Financially troubled WCI, the builder of Hammock Dunes’ tower condominiums, is rumored to have struck a deal with another developer to sell off its showcase Tuscany Reserve development near Naples, FL for a price that may exceed $50 million.

Possible Casino in Bunnell, Florida?
December 4, 2007 - An interesting item showed up this morning on PalmCoast.biz’s Flagler Grapevine. The blogger noted that two parcels of land on the east side of US1 just south of Bunnell are owned by the Seminole Tribe of Florida.

Books-A-Million Working on Lease for a New Store in Palm Coast4 comments.
November 26, 2007 – Books-A-Million has negotiated a lease for space near the soon to be opened SuperTarget store located northeast of the intersection of Belle Terre and SR 100. Updated March 11, 2008

WCI not having a Good Time in Hammock Dunes1 comment.
November 14, 2007 – It was only a matter of time before the effects of the real estate downturn became apparent in Hammock Dunes, Palm Coast and Flagler County’s most established high end oceanside private community. An auction is rumored.

Second Target Store and New Publix for the North Side2 comments.
October 18, 2007 - The rumor is gaining more momentum. An additional Publix and a second Target will be located at Matanzas Woods Pkwy and US1. Publix will be on the northeast corner and Target on the southeast.

Credit Suisse pulls out of project with Ginn, but Lubert-Adler steps in1 comment.
September 27, 2007 – I was informed through a reliable source today that Credit Suisse had pulled out of Bobby Ginn’s Intracoastal golf course community, The Gardens at Hammock Beach, in Flagler County, Florida. My source says that Lubert-Adler, Ginn’s long time funding source, has stepped in to take out Credit Suisse’s position.

Publix Picks Flagler Beach Location at Roberts Rd and SR100 for Next Store4 comments.
August 24, 2007 - There has been a lot of talk about a new Publix on SR100. Various locations have been mentioned. A reliable source tells me that Publix has decided to build their next Flagler County store on the northwest corner of SR100 and Roberts Road in Flagler Beach. No construction date has been set.

Golden Corral Coming to Cobblestone Village in Palm Coast10 comments.
August 6, 2007 - The city says a Golden Corral restaurant will locate in Cobblestone Village. The developer is yet unwilling to confirm the story.

Large Coquina Boulders on SR100 East of Old Kings Road - Why are They There?
July 14, 2007 - Several people have asked me what the newly installed coquina boulders are for on SR100, just east of Old Kings Road. Is it another Ginn project? No, it’s not, but what is it?

European Village Update1 comment.
June 29, 2007 (corrected August 17, 2007) - I've been told that the Palm Coast Utility Department was asked by Peter Roehr to shut off the water to European Village units owned by him.

Rossi's has been sold
June 20, 2007 - Local blogs have highlighted Rossi's financial and service issues for some time. Now, I hear that the restaurant has been sold.

If One SuperTarget is good, Two are Better.
May 30, 2007 - Palm Coast, FL - Target, headquartered in Minneapolis, Minn., is considering a second location in the Palm Coast Park development on US1 north of Palm Coast Parkway.

Palm Coast's European Village To Be Sold3 comments.
May 28, 2007 - (corrected August 17, 2007) Palm Coast, FL - Rumor - The European Village complex will be sold. The new owners plan to refurbish the Players Club tennis facility and build a wellness/fitness center on the property.

Kohl's and Talbots Coming to Palm Coast, FL2 comments.
May 24, 2007 - Talbots will be moving into the new Cobblestone Village while Kohl's will locate on Belle Terre across from Albertsons.

Ginn May Be Back On to Buy Bulow Shores1 comment.
April 21, 2007 - Bulow Shores, a Centex Destination Properties (CDP) project in Flagler County, FL, may again be the target for a Ginn acquisition. Also, a Centex executive may be assembling financing to purchase CDP's Marineland project.

Are Circuit City, Kohl's, JC Penney, Bed Bath & Beyond and Panera Bread Considering Palm Coast?6 comments.
March 13, 2007 - The recently announced approval of the first SuperTarget in Palm Coast, FL has sparked speculation over who else might join them within the section of Town Center at Palm Coast designated for Power Retail.

Centex Suspends Plans for Marineland Condominiums. Seeks Buyer2 comments.
March 6, 2007 - The approved Marineland condominium project is put on hold. Centex is seeking a buyer.

Masterpiece Homes pulling back in Flagler County
February 1, 2007 - A large parcel on the west side of Colbert Lane about one mile north of SR 100 was being developed by Masterpiece Homes. Site development began in 2006 but seems to have stopped. Heavy duty construction equipment previously on the site has vanished. There has been no activity for several weeks.

LandMar Group May be Repositioning Real Estate Assets in Western Flagler County, Florida.
LandMar Group, developer of Grand Haven, may be adjusting their plans for development at Crescent Lakes, in Western Flagler County.

Admirals' Cove at Ginn's Yacht Harbor Village is sinking1 comment.
December 12, 2006 - I've heard the rumor that Ginn's Yacht Harbor condominium was sinking but the rumor now has a new twist.

Is The Walt Disney Company coming to our area?4 comments.
December 7, 2006 - A rumor is starting to float around that the The Walt Disney Company has plans for a very large parcel in southern St. John's County.

Donald Trump is looking at western Flagler County1 comment.
December 7, 2006 - Donald Trump is talking with the owner of a large amount of property in western Flagler County.

Houses selling for more than their asking price - watch for fraud
November 21, 2006 - A broad scale investigation is underway in the Tampa, FL area exposing a practice of sales contracts for purchase at prices well above the advertised selling price. Investigators have found a pattern of inflated appraisals and cozy relationships with certain title/closing companies.

Palm Coast targeted by Target
November 17, 2006 - If you've driven along SR 100 west of the High School lately, you will have noticed that the parcel (about 50 acres) just before Belle Terre (behind Walgreen's) has had a lot of site preparation activity.

Ginn Company buying Centex properties1 comment.
October 26, 2006 - The Ginn Company wins the final battle for control of the Ocean Hammock Golf Club as well as most of the other Centex Destination Properties local holdings.

A new Wal-Mart or Sam's Club may be coming to Palm Coast2 comments.
It's rumored that Wal-Mart has a conditional purchase contract on a piece of land along Old Kings Rd. South, just north of SR100.

Palm Coast Plantation Homeowners Association having problems3 comments.
September 29. 2006 - Not enough money to cover the costs of guards at the main entrance gate.

Centex pulling residential construction unit out of Flagler
Units under construction will be completed but deposits on all other contracts are being returned.