By Jack Witthaus – Staff Writer, Orlando Business Journal
A Clearwater developer wants to build a mixed-use project near a Daytona Beach golf course to cater to the area’s fast growth.
Boos Development Group Inc. wants to rezone roughly 61.4 acres northeast of LPGA Boulevard and Tournament Drive for apartments and 11 commercial parcels for its Tymber Creek Village project, according to documents filed with the state. The site currently features woods and wetlands and is zoned for single-family homes.
Plans call for retail space to include an auto parts store, bank, coffee shop, medical offices and a drug store. A Boos Development representative wasn’t available for comment.
The estimated project cost and timeline weren’t known.
The area has seen “virtually no” development activity since the early 2000s, which makes it ripe for new construction as Daytona Beach grows, said John Albright, president and CEO of Daytona Beach-based CTO Realty Growth (NYSE American: CTO), who isn’t involved in the project. In recent years, new developments nearby such as Latitude Margaritaville and a Trader Joe’s distribution site has brought new homes and jobs to the area, which creates demand for more retail and apartments.
“It’s kind of like an oil well being drilled and hitting the mother lode,” Albright said of area’s commercial demand.