New blood on the beach.

By
Real Estate Agent with ACP Real Estate, inc

One of the areas I enjoy focusing on I have dubbed the "ForgottenGulf" .  This area encompasses coastal Alabama and parts of Mississippi.  My favorite subject in this area is Dauphin Island, which for unknown reasons was labeled as "destroyed" by hurricane Katrina by media outlets.  Nothing could have been further from the truth and has just added further veracity to my term for the region. 

Yes there was damage, I lost a cottage that had been on the glorified but glorious sandbar called the WestEnd.  It sat a few hundred feet from the hightide line, it had survived many storms at 13 ft above sea-level and was destroyed by another home hitting it.  The house directly behind it was practically untouched.  The reason I say the damages were overblown is I have another home 1 mile to the East, tucked behind a dune that only lost a couple screens in the porch.  The island was hardly "destroyed" except for the press that even 2 years later have longtime vacationers called in to ask if the bridge has been rebuilt.  Of course the bridge over the Mississippi Sound was not damaged and the road to Dauphin Island was opened one day after the storm.  The press can be our worst enemy and best friend.

Well onto my story of new blood on the beach.  This is not a fish story or an excerpt from a Stephen King novel.

These reports are from myself and an insurance company executive friend:

1)  On the day that ThyssenKrupp (a German multinational) announced their 3.9 Billion investment in Mobile county (and not in La) I was having lunch at the Gulf front restaurant, Flamingo Fae's (located at the 18 hole gulf front Isle Dauphine golf club) when I notice a couple near me having lunch.  At about that time another gentleman walked in and loudly made known that they were acquaintances but was surprised at seeing each other.  The significance of this meeting was they were both German and both had found this little hidden gem independently.

2)  A week or so later my friend was down on the golf clubs beach and spied a couple of guys walking the beach dressed in a style seen in Miami and Europe but not on Alabama beaches.  When they strolled by he overheard the German language being spoken.

Basically, we are seeing what I hope are scouting parties who will bring more Europeans to our piece of Forgotten Gulf and jump-start the 2nd home market.  they are already snapping up primary homes in Mobile (30 minutes inland) so the next step will be to follow in the footsteps of Mobilian's and have a nearby beach or boating home. 

Comments (1)

Anonymous
Daniel Wilson

I'm a recent graduate May 07' who runs an L.L.C. subcontracting work from local HVAC mechanical contractors.  I also have a friend who is a recent college graduate May 06' who runs an investment group and brokerage in Pensacola, FL.  We always talk business and recently I've just started really grasping the future boom of real estate in Alabama.  I really want to invest now.  I want to partner NOW.  I want to identify private investors, public reits, whatever.  I've done research on possible target areas and of course the Thyssenkrupp plant is huge.  However the cat is out of the bag and unless you already have a network in place, it's slim pickings for areas supporting this new steel mill.  I'm looking for target areas such as McIntosh, Mt. Vernon, and Citronelle.  I want to do joint ventures with local developers, private investors, Reits, etc....  My college friend in Pensacola has the financial backing to  make things happen. 

  However we are both young and have limited contacts in the area.  I'm from Daphne and have resources and contacts throughout Alabama but it seems that I'm the only one my age trying to be a part of this potential huge boom in the area.  My network  in my age group 20-25 is more concerned with getting the starting job at 30K instead of looking at the big picture.  How can I get in touch with people in the thick of things.  How can I find out who the state of Alabama is talking to for future manufacturing as well.  A little birdy told me that Korean Investors are buying everything in Greenville.  They plan on building a Golf Academy for local enthusiast but foreign pupils as well.  Why would Korean investors put their money in this area unless more business is coming in.  Obviously there is the Hyundai Plant and I believe there is a Water plant near buy but what else?  How can I research topics such as this?  How do I get into the network? 

 I'm 23 and run a L.L.C. that brought in 150,000 revenue in its first year while I was attending school.  There's money to be made in my company but I think getting involved in this boom will ultimately bring me to the professional and personal level I'm seeking.  Young, New Graduate, Business Owner, looking to succeed.  Any help would be greatly appreciated.

Nov 05, 2007 03:35 AM
#1

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?