Palm Coast Holdings: Real Estate Development News and Events
Thank you for visiting our news and events page. Learn more by review of our most recent news and events stories. We update our real estate development projects regularly so visit often.
Prior Press Releases: Learn More About Palm Coast Real Estate Development
You could almost envision the glimmer of a flashing movie marquee and devour the smell of popcorn popping at Wednesday's groundbreaking for the new Epic Theatre complex in Town Center. Speakers included Flagler County Chairwoman Milissa Holland, Palm Coast Mayor Jon Netts and Theatre Owners Frank, Clint and Weegee DeMarsh who gave an enthusiastic crowd of future movie-goers a sneak preview of the theater's amenities. The City of Palm Coast is thrilled to welcome this new blockbuster 14-screen facility to Town Center, scheduled to premiere in mid-2010. Watch for coming attractions.
PALM COAST, FLORIDA October 1, 2009
Strength & Experience: Windsor Senior Living
The Windsor of Palm Coast is part of a family of residences owned by Windsor Senior Living. Windsor
Senior Living is a privately held company founded by Mr. Tim Buchanan and Mr. Pete Russell and
their wives. Mr. Buchanan and Mr. Russell have been designing, building, and operating quality
residential living environments for over 30 years. Windsor Senior Living is based in Sarasota, Florida, home
of Mr. Russell. Windsor Senior Living is founded on values of servanthood, compassion, and character. Our operating
strategies, management methods, values and principles are guided by ethical standards of integrity and honesty supported by our faith. The
Windsor believes our mission is more than the physical person, but the whole person, physical, mental and spiritual.
Windsor Senior Living is guided by The Core Values that form the foundation of our company character and culture. They establish the
foundation and basis for The Windsor’s Philosophy of Care and guide team members in executing our Pillars of Practice. The quality of our
work is measured in quality of services as well as the sense of well being, comfort, and confidence experienced by those we serve.
A New Standard in Assisted Living
A new standard in Assisted Living will soon be available in Palm Coast! The Windsor of Palm Coast is a custom designed assisted living and memory
care residence offering spacious apartments, delicious meals and the highest level of senior care available in an assisted living environment. Call
today to learn more about the wonderful services, quality of care and premier environment that will soon be available for you or a loved one.
PALM COAST, FLORIDA August 1, 2008 /Events/--
PALM COAST, FLORIDA August 1, 2008 /Events/--
PALM COAST, FLORIDA May 7, 2008 /Events/--
Imagine School at Town Center Groundbreaking Ceremony Announces The Arrival of Flagler County’s Newest School
Tuition-Free K-8 School Brings Choice to Palm Coast Parents.
Imagine Schools, one of the largest and fastest growing charter school organizations in the nation, will break ground on its new 44 classroom, 43,220 square foot K-8 School in Flagler County on May 14 at 9:00 a.m.. At a time when funding cuts in education are limiting public educational resources, the non-profit organization is building this new $8-10 million facility at no cost to the taxpayer. The groundbreaking ceremony will take place in the new Town Center development just west of I-95 on the north side of exit 284, Highway 100 at 775 Town Center Blvd. Palm Coast, FL 32964.
The Flagler School Board and Superintendent Bill Delbrugge welcome Imagine Schools and Principal Bob Spellman. Imagine’s unique educational environment provides a private school quality education for any student that wishes to attend, and gives the parents of Flagler County another choice. The Flagler School Board was instrumental in bringing this option to families, and the Board continues to work in partnership with Imagine Schools every step of the way.
In keeping with its commitment to create a true community school, Imagine Schools is working with Palm Coast Holdings and local contractors to fulfill development needs. The school will be on the cutting edge of education and design with clustered classes, individual internal restrooms, secure courtyards and infrastructure for computers, wireless, smart boards, LCD TV and projector connections all planned.
ABOUT IMAGINE SCHOOLS
Imagine Schools is a non-profit organization which operates 52 charter schools throughout the country, 11 of them located in Florida. It is one of the nation’s largest and fastest growing public charter school organizations. Imagine Schools provides tuition-free private school quality education, to any child who wishes to enroll. Imagine uses its own capital for school buildings and school start-up costs, which means no cost to taxpayers for construction. Their mission is to help parents and guardians fulfill their responsibility to educate their children by providing students with a challenging, effective program of study and strong moral development in a safe, nurturing learning environment. For more information please contact Christian Cascone at (561) 866-5507 or visit www.imagineschools.com.
For Immediate Release: Las Palmas, an independent living facility for seniors broke ground February 15, 2008 with an anticipated completion date of April 2009. For more details on “Gracious Retirement Living” contact Holiday Retirement 800-322-0999.
PALM COAST, FLORIDA February 4, 2008/For Immediate Release:
Dear Mayor, City Manager, and City Council Members:
First, let me compliment the Public Works Department employees who have been working on the sidewalk construction on Rymfire. It is almost complete and it is a pleasure to have this, not only for walking, but, also for biking, scootering and skating. It is much safer to do that type of exercise on the sidewalk rather than on the roads.
I also want to extend our compliments to the area named Town Center. Wow, this place is beautiful for walking and biking. My husband and I rode our bikes there and traveled through every artery. The areas that will remain green are beautiful and the birds that are gathering there are huge! While biking, we passed seniors, young couples, dog walkers, and young families just enjoying the open space and what is at this time a safe place to be a pedestrian or a bike rider.
I realize that it will not always be available for biking, but, I hope that the "Powers That Be" realize that the residents of Palm Coast have been thirsting for this type of scene. Everyone we passed had a smile on their face. It was a feeling of being let out of a cage. It was a sense of nature and freedom and open space; it was a sense of community and belonging. With all that is happening in our City, I can sense a long overdue feeling of pride coming from the people who live here. When I go to the new shopping center on Belle Terre, I can see many of the people have a bit of a quicker step to their walk. They are shopping for food, haircuts, spa services, restaurants and even UPS.
What a thrill to have this available to us on this side of town. Everyone I speak with expresses their excitement in anticipation of the completion of Targets and the neighboring establishments. We finally have our own shopping area. We are always exchanging information with family and friends about a new place that may have opened or one that is going to have a grand opening. It's just great to see the City coming together in growth. Everyone is smiling again.
Thank you,
Virginia Arena
PALM COAST, FLORIDA January 20, 2008 /Press Release/-- City of Palm Coast, Flagler County, Florida: Union Plaza located in Palm Coast at Town Center broke ground today. Union Plaza will be an exceptional quality-built project consisting of mixed-use with office and medical space available upon completion. For more information contact Vlad Checklin 386.569.1997 and view more information at Town Center Map click on Project #19.
PALM COAST, FLORIDA September 12, 2007 /Press Release/-- City of Palm Coast, Flagler County, Summit Contractors of Jacksonville, Florida has obtained permits for eight buildings in Brookhaven valued at 6.4 million to be constructed in Town Center At Palm Coast. SR 100 Vest, LLC is developing Brookhaven in Town Center At Palm Coast. For more information on Brookhaven at Town Center and to register to become part of preferred buyer list, please visit www.brookhavenattowncenter.com.
PALM COAST, FLORIDA May 9, 2007 /Events/-- City of Palm Coast, Flagler County Government, Palm Coast Holdings' staff and various senior management from Target Corp. conducted a press conference performing ground-breaking ceremonies in Town Center At Palm Coast celebrating commencement of Palm Coast's new Super-Target Retail Center scheduled to open in Summer 2008.
PALM COAST, FLORIDA April 17, 2007 /Events/-- Eric Vardakis of Hot Shot Photography is retained to capture images at the upcoming Super-Target ground breaking ceremonies. The date for that upcoming event is May 2, 2007. Other professional photography services to be performed by Eric Vardakis include image capture for a new medial center. The progress on the new medical center complex is viewable by clicking on Project 3000 on our Town Center Projects Map.
PALM COAST, FLORIDA April 15, 2007 /Press Release/-- Palm Coast Holdings announces completion and live launch of its new website presence online at Palm Coast.Com. Additional page content and project images shall be made available throughout 2007 and into 2008 as various real estate development projects emerge and when projects are approved for permitting.
PALM COAST, FLORIDA April 12, 2007 /Events/-- Palm Coast Holdings' Vice President David Lusby was guest speaker at Flagler County Chamber Of Commerce monthly breakfast April 12, 2007. Mr. Lusby provided updates on Town Center At Palm Coast and Palm Coast Park projects. To learn more about David Lusby visit Who We Are.
PALM COAST, FLORIDA April 11, 2007 /Press Release/-- Florida Landmark Communities, Inc (Palm Coast Holdings) closed on Tract 28 within Town Center At Palm Coast. The Town Center project is a joint venture between two large national retailer developers planning a 435,000 square foot Big Box retail power center anchored by Super Target. Some of the retailers include TJ Max, Ross, Michael’s, and a host of other national retail tenants and restaurants. For more information click Project 28 on Town Center Map.
PALM COAST, FLORIDA April 9, 2007 /Events/-- Palm Coast Holdings was a corporate sponsor of the Ginn Champion Golf Tournament this past week. The Tournament was a great success, drawing an estimated 54,000 attendees from Florida, Georgia and South Carolina. The 3 day event brought live TV coverage exposure to Flagler County, Florida which remains one of the fastest growing communities in America. For more information about Ginn Sports Entertainment and Ginn Properties visit Ginn Company.
PALM COAST, FLORIDA December 15, 2006 /News/-- In 1996, Palm Coast Holdings Inc. acquired its first 13,000 acres of wilderness in Flagler County that were transformed into some of the community's most vibrant residential and commercial corridors. But that, executives say, was only the beginning.
Today, the Palm Coast-based company, which has bought and sold thousands of acres over the years, owns 15,000 acres in the Flagler County area. More than 12,000 of those are being developed into three mixed-use developments of regional impact that represent the three largest developments in the county's history.
The 1,557-acre Town Center at Palm Coast, Palm Coast Holdings' first major development project, just completed its first phase of development while the 4,700-acre Palm Coast Park is close to breaking ground on its first phase. Ormond Crossings, a 5,850-acre project that is the company's largest project to date, is in the permitting stage.
Those projects, along with the company's other local landholdings, have helped put the fastest growing county on the map, said Enterprise Flagler Executive Director Tom Cooley.
"It's molding Flagler County," Cooley said. "These are the investments that take risks, but pull it [development] forward."
Palm Coast Holdings is a subsidiary of Allete Inc. and was formed to manage the Duluth, Minn.-based company's real estate investments in Northeast Florida. Allete also owns Minnesota Power, an energy company that provides services to customers in Northeast Minnesota; BNI Coal, a lignite coal mining company in Bismarck, N.D.; and Superior Water, Light and Power, which sells electricity, water and natural gas to customers in Superior, Wis.
To date, 30 percent of Allete's total net income comes from Allete Properties, said Allete Properties President Laurie Holquist. It is expected to account for at least that much of the company's income in the future because of the Palm Coast Holdings properties.
Allete Properties officials discovered Flagler County shortly after buying its first real estate investments in Southwest Florida. The focus quickly shifted to Northeast Florida after Allete bought land from ITT Community Development Corp., the company that first developed Palm Coast as a planned community in the 1960s.
In the beginning, the company sold off the land piece by piece, sometimes to other investors who later developed areas such as the Home Depot shopping center, said Dave Lusby, vice president of commercial land sales for Palm Coast Holdings.
Other times, it sold to such developers as LandMar Group LLC, which used the land to build Grand Haven, one of the county's largest residential communities. "When we started, we really didn't consider ourselves a developer," Lusby said. "We considered ourselves a wholesaler of land."
Over the years, Palm Coast Holdings and LandMar Group have established and maintained a quasi-partnership, said LandMar Regional Vice President Jim Cullis, in which LandMar, a largely residential company, has bought land from the largely commercial landholding company. Because of that, Cullis said he knows firsthand that Palm Coast Holdings investments reach far beyond the land.
"They are a community steward, just like LandMar would like to consider itself to be," Cullis said. "You can't hardly go to a Boy Scout meeting or something like that and not see Palm Coast Holdings in the forefront."
By 2001, the holding company had become the largest landowner in Palm Coast and the largest owner of nonagricultural land in Flagler County when it acquired another 6,800 acres of undeveloped land from timber company Rayonier Inc.
Although it sold some of the additional property to other investors, Palm Coast Holdings decided to develop the vast majority of the remaining holdings as developments of regional impact.
The resulting projects are valuable not only to the developer, but the community as well, said Ira Corliss, Palm Coast special projects manager covering economic development. They will provide business meccas, opportunities for future growth, jobs and tax dollars that will offset the now heavily residential tax base.
"You have to look at it as a total package," Corliss said of the benefits of the developments, but "the most important thing is the fact that they're doing it."
The Town Center at Palm Coast will include 2,500 residential units, along with other economic resources the community has either very little of, or none at all. The project was designed to provide a pedestrian-friendly urban core -- something the city does not have.
Palm Coast Park will fill another void, Cooley said. Plans call not only for 3,600 residential units, but also for 800,000 square feet of industrial space to which Enterprise Flagler and Palm Coast Holdings are working closely together to attract class A industries such as software developers and federal contractors.
Palm Coast Holdings' latest project, Ormond Crossings, straddles the Flagler/Volusia county line with a variety of commercial and residential uses.
Another 246 acres in the Flagler County inventory are slated for smaller industrial, commercial and multifamily residential development projects.
Lusby said the company is searching for other acquisition opportunities in and outside Florida. "We don't want the cupboard to be completely bare."
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A Groundbreaking of Epic Proportions
A New Standard in Assisted Living
