Daytona Beach Economic Development Year End Update by Joyce Marsh

By
Managing Real Estate Broker with Regal | Christie's International Real Estate BK659279 

Economic Development Update for Daytona Beach - Year end 2018

by Joyce Marsh

The past few years have been incredible for the Daytona Beach area as far as our economic development outlook is concerned and our local economy.   Back in 2014 there were many projects on the horizon and Volusia County was featured in Florida Trends magazine:

 

 

"It's easy to see why these are days of opportunity for Volusia County and why it is experiencing

a post recession flurry of investment that will bolster their traditional

economic mainstays of tourism and motorsports".

 

So where do we stand on those projects that were underway back in 2014? Here's the link to my blog "Daytona Beach Economic Development Update"

 

*Trader Joes's - Back in 2014 the $88 million dollar food distribution center was under construction.  This has been completed.

*One Daytona - $800 Million Mixed Use Entertainment and Retail Mecca has been completed and one of the most popular entertainment areas in Daytona Beach

*Daytona Rising - $400 Million Expansion of the Daytona International Speedway has been completed.

*Hard Rock Hotel Daytona Beach - Plans changed and then were scraped.  Hard Rock changed gears again and bought the old Desert Inn and turned it into a beautiful luxury hotel right on the beach.

*The Sunrail commuter rail service connects Volusia to Metro Orlando from Debary Fl

*Proposed Port Orange Riverwalk - Finally is underway.  A new park has been constructed and there is renewed life in this project that seemed stalled for quite some time.

*Protogroup 150M Condo Hotel project is under construction

*Embry Ridde Aeronautical University is continuing with the expansion of their research and technology park

*Cici and Hyatt Brown Museum of Art - Has been completed and is a wonderful addition to our community.

*Streamline Hotel - Iconomic beachside hotel has been completed and is now open.

*Over $775 Million in highway projects are underway and there is consruction throughout the area.

*Tanger Outlet Mall has been completed and a new phase of shopping is under construction along I-95 in Daytona Beach.

*Numerous new home communities are under construction.  Buyers lined up to buy in the 55+ community "Latitude Margaritaville" by Jimmy Buffet as well as numerous other new home communities that are finding it hard to keep up with the demand. 

*Max Daytona - Luxury Condominiums are now selling in Daytona Beach Shores.  Construction has not started.

*The New Bridge being built over the Halifax River will be a real stunner - More photos and info to follow but the new Memorial bridge is currently under construction.

 

We are seeing expansion and construction throughout Volusia County and these are definitely exciting times for our community and local economy. Jobs reports are very positive and we have been written about in many articles and websites about the positive outlook for our community overall.

Please forgive me, if I have missed mentioning any projects that should have received mention or are currently underway.  I apologize and will try to update as time goes on.   

If you would like to read the blog post I wrote back in 2014, please check on the link below:

https://activerain.com/blogsview/4478109/burst-of-economic-development-in-volusia-county 

 

If you are looking for a knowledgeable Realtor in the greater Daytona Beach area to help you achieve your Real Estate goals, feel free to contact me for a complimentary consultation to discuss your real estate needs.  Buying or Selling Luxury Homes, Coastal Estates, Vacation Homes, Beach properties and condominiums in Daytona Beach, Ormond Beach, Ponce Inlet, Port Orange, Daytona Beach Shores, or New Smyrna Beach, please feel free to contact me directly at 386-299-8291 or email: joycemarshhomes@gmail.com 

 

 

 

 

Posted by

Regal Christie's International Real Estate  Joyce Marsh Certified Luxury Home Marketing Specialist   Joyce Marsh Institute for Luxury Home Marketing Member     Joyce Marsh Million Dollar Guild Member Institute Luxury Home Marketing  Joyce Marsh 5 Star AgentDupont Registry Elite Agent

 

Joyce Marsh, Regional Manager Florida

Regal Christie's International Real Estate

386-299-8291   JoyceMarsh@RegalRealtyOrlando.com      

www.RegalRealtyOrlando.com   

                                  

Copyright 2008-2019 Joyce Marsh.  All Rights Reserved.  Information from sources deemed reliable, but not guaranteed. Nothing contained herein to be considered legal advice, please consult your Attorney for advice. 

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Rainmaker
3,066,373
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Joyce,  Interesting what has been going on in your area over the years.  Here is to a great 2018 year in Real estate!

Dec 31, 2018 08:19 AM #1
Rainer
28,083
BBS Berezney Business Systems LLC
BBS Business Systems LLC - Metuchen, NJ
Accounting Services for Businesses

This is quite an in-depth and comprehensive report on the economic development and projects in Daytona Beach area

Dec 31, 2018 08:28 AM #2
Rainmaker
1,582,386
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Thank you for sharing this with us and have a fantastic 2019!

Dec 31, 2018 09:57 AM #3
Rainmaker
4,431,983
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Wishing you and your family  Happy, Healthy ,Prosperous 2019. I hope you will have a wonderful year.

Jan 01, 2019 05:30 AM #4
Rainmaker
5,264,470
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much, Joyce, for sharing your year end report.

Happy New Year!

Jan 03, 2019 05:22 AM #5
Rainer
79,713
Julius Schoenherr
J. Schoenherr Const. Co., Inc. - Daytona Beach, FL
Building Contractor - Daytona Beach Area

Thanks for updating us with this current economic review for Daytona Beach area. 

Jan 04, 2019 11:40 PM #6
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Rainmaker
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Joyce Marsh

Regional Manager Regal Christie's Int'l Realty
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