Palm Coast Real Estate News Clips: February 13, 2012

Big Lots, Carrabba’s, Albertson’s Plaza, Matanzas Golf Course, Crescent Resources, Seagate Homes, Hilton Garden Inn

Palm Coast, FL – February 13, 2012 – Miscellaneous real estate news tidbits for Palm Coast and Flagler County.
Moving slowly but moving in the right direction. Carrabba’s is still planning to build a new restaurant in Cobblestone Village across from Golden Corral and next to the new medical building (currently under construction).
Big Lots
The final "big box" component of Palm Coast Landing (aka Target Plaza) should be announced soon. Expect Big Lots to anchor the new retail strip with several smaller retailers; maybe restaurant or fast food too. The addition will be at the northeast corner of Palm Coast Landing, behind Red Lobster and Olive Garden.
Commercial real estate sale: Recent arrivals to Palm Coast know it as a Publix Plaza, but the Publix at Palm Coast Parkway and Belle Terre began life as an Albertson’s. On February 3rd, N.A.K. LLC, of New Smyrna Beach, sold the one-acre lot 4 at the northwest corner of the property to Across the Pond Development LLC, of Daytona Beach, for $975,000. Built in 2005, the commercial building on the site has 8,442 square feet of retail space. Mattress One is one of the tenants.
Matanzas Golf Course
The new owners of The Grand Club have reached out to property owners near the Matanzas Golf Course. They are hosting a meeting tonight at the Pine Lakes Clubhouse at 400 Pine Lakes Parkway to discuss Matanzas’ future. The meeting will begin at 7:00 P.M. The notice states, "The topic of discussion will be the rebuilding of the driving range and the prep work to the course that can be done this year.  The plan will be to do the greens and irrigation next year.  It is felt that if we go forward with this plan the new membership drive for 2013 will increase to a level to support the opening of Matanzas Woods Golf Course."
Crescent Resources
The former owner of The Grand Club and Grand Haven golf courses has lost the deal it had for its Osprey Cove Golf Club. According to a January 30th communication from Crescent to Osprey’s Member Board, "…….the pending transaction with Escalante golf was terminated on Friday afternoon by the buyer. I think they are still an interested party, but some of their financing commitments fell through."Escalante Golf recently consummated the purchase of the Grand Haven Golf Club in Palm Coast from Crescent Resources.
Seagate Homes
Palm Coast homebuilder, SeaGate Homes, led 2011 construction in Palm Coast by pulling 34 percent of the single-family home permits issued in the city.
Hilton Garden Inn
The Hilton Garden Inn Palm Coast/Town Center was one of just 24 HGIs in the world to recently win a Success Award from Hilton Worldwide for its excellence during 2011, while the hotel’s general manager and director of sales also received major individual awards for their excellent work.
The HGI Palm Coast/Town Center, on 55 Town Center Boulevard, earned its Success Award by ranking in the top 5 percent of HGI’s 524 properties worldwide, based on such criteria as customer service, accommodations, value and other aspects of the overall hotel experience.
HGI Palm Coast/Town Center’s Tom Grimes was named General Manager of the Year and Janice Nickol was named Director of Sales of the Year, both for Southern Region, one of 13 HGI regions around the world. Only one other HGI property globally had both its general manager and its director of sales receive these awards in 2011.
4 replies
  1. C. Gunthorpe
    C. Gunthorpe says:

    Big Lots

    Having another low end store such as Big Lots is not something to brag about.Another minimum wage employer which further detracks higher end stores from coming to Palm Coast.Good for the short run,some people will get jobs, but over all not promising for future developement.

  2. Susan Romanello
    Susan Romanello says:

    Matanzas Woods Golf Course

    Toby, I know some homeowners who back to the Matanzas Golf Course that were not invited to the meeting. Is there a way to get hold of any minutes or information on what was discussed?

  3. Toby
    Toby says:

    Reply to DB

    Unfortunately, we don’t have the demographics Costco is looking for. Based on what I’ve heard of their threshold, Ormond Beach or Daytona Beach would be a more likely location.

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