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More Daytona development set for LPGA area

The development surge along Daytona’s LPGA corridor could soon become a flood. Projects are planned on both sides of Interstate 95 that could bring more shops, eateries, hotels, homes, apartments and possibly a movie theater. Not to mention a whole bunch more traffic.

DAYTONA BEACH — The development surge along this city’s LPGA Boulevard corridor could soon become a deluge.

Projects planned on both sides of Interstate 95 are poised to bring more shops, eateries, hotels, homes, apartments and possibly a movie theater.

Not to mention more traffic.

“Activity begets more activity,” said Carl Lentz IV, managing partner of SVN Alliance Commercial Real Estate Advisors.

“Traffic is a good thing for retailers.”

Since 2015, the I-95/LPGA area has seen the opening of three shopping centers — Tanger Outlets, Tomoka Town Center and Latitude Landings.

It has added regional distribution centers for Trader Joe’s and B.Braun as well as a last-mile delivery station for Amazon, the e-commerce giant.

Other recently completed commercial projects along the LPGA corridor include the new Sam’s Club, Stor-It Storage Center and Superwash Express.

The corridor has also seen the opening of two new residential subdivisions that have added more than 1,000 homes and three new luxury apartment complexes with more than than 900 units.

Projects under construction include a Buc-ee’s next to the I-95/LPGA Boulevard interchange. When it opens next year, the 120-fuel pump facility will be the largest gas station in Florida. It will include a 53,000-square-foot travel convenience center, bigger than most supermarkets.

Also going up are more restaurants and shops at Tomoka Town Center.

New tenants expected to open later this year include a Duck Donuts gourmet donuts shop next to Blaze Pizza, and a 5.11 Tactical outdoor apparel shop next to Barnes & Noble, said Tomoka Town Center developer Jeff Preston.

Other tenants coming to Tomoka Town Center include a Rooms to Go store that will be built along I-95 just north of Tanger Outlets and an antique car-themed Ford’s Garage restaurant next to Chipotle.

Across the street on the east side of Williamson Boulevard, Orlando developer Unicorp is building a new shopping center called Shoppes at Williamson Crossing.

New luxury apartments are going up both along LPGA and Williamson boulevards that are expected to add more than 1,000 units.

And that’s just the beginning.

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Consolidated-Tomoka’s pending land sales could bring more homes, commercial development to area’s hottest corridor

As it prepares to host its annual shareholders meeting later this month, Consolidated-Tomoka Land Co. recently announced several changes to its “pipeline” of pending real estate sales in Daytona Beach.

They included a contract to sell the 1,600 acres east of Interstate 95 on the south side of West Granada Boulevard to an unidentified developer of master-planned communities for a project that could add up to 3,400 homes and 200,000 square feet of commercial space just north of Latitude Margaritaville.

The changes to the pipeline also included some surprises to local observers.

• The termination by New York-based O’Conner Capital Partners of its contract to buy 203 acres along the east side of Interstate 95, one block north of LPGA Boulevard.

• Consolidated-Tomoka’s landing of a contract to sell the 12 remaining undeveloped acres at Cornerstone Office Park to a developer other than the owners of the business park’s two existing buildings.

• A new contract to sell 38 acres along the east side of Clyde Morris Boulevard, just north of the new B.Braun distribution center to an unidentified developer.

• The reinstatement of a previously expired contract to sell 13 acres along the east side of I-95, immediately north of Tanger Outlets mall, to Canadian developer North American Development Group.

• The reinstatement of a contract to sell nearly 14 acres on the southwest corner of LPGA and Clyde Morris boulevards to Unicorp National Development Inc. The Orlando developer had previously stated its interest in developing the site as a future expansion of its planned Shoppes at Williamson Crossing retail complex, whose first phase is on the southeast corner of LPGA and Williamson boulevards behind the existing RaceTrac gas station.

Consolidated-Tomoka CEO John Albright characterized the termination of the O’Connor deal as part of “a return to normal” for his company’s pipeline of pending land sales, which has had most of its deals come to fruition in recent years.

The company last year sold 2,700 acres for a total of nearly $60 million, the most it has made from land sales in its 117-year history.

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Daytona’s Tanger Outlets settles in despite competition

DAYTONA BEACH — When Tanger Outlets opened here in November 2016, a week before Black Friday, the mall’s grand opening drew thousands of shoppers, filling its vast parking lots to overflowing.

Local shopper Gwen Tongkam told The News-Journal that day, “This is just the best thing that ever happened to Daytona Beach.”

A year and a half later, the outlet mall on the east side of Interstate 95, just south of LPGA Boulevard, continues to draw its fair share of shoppers, but it is facing increasing competition, not just from online retailers such as Amazon, but also new brick-and-mortar options for area shoppers.

Those local competitors include One Daytona, the new 300,000-square-foot entertainment/retail/dining complex across the street from Daytona International Speedway, that continues to add tenants, and Volusia Mall, the area’s largest shopping center at more than 1 million square feet which is set to soon add several new street-front restaurants and shops along West International Speedway Boulevard.

And directly across the street from Tanger Outlets, a new shopping center is taking shape: the 400,000-square-foot Tomoka Town Center “power lifestyle” retail center that’s set to open this fall with a collection of larger format stores, including Academy Sports + Outdoors, Hobby Lobby, TJ Maxx, Five Below and DSW as well as a Dave & Busters family fun center and a handful of eateries.

Sarah Rasheid, the new assistant general manager at Tanger Outlets, said she welcomes the competition because it helps “keep us fresh” and gives local residents even more reasons to do their shopping and eating out close to home.

Rasheid noted that the 350,000-square-foot Tanger Outlets mall has added several more tenants since its grand opening, including a Kate Spade handbag store and a Lids hat, fan gear and sports apparel store, both of which opened earlier this year.

One of the few criticisms local residents made when Tanger Outlets opened was its lack of dining options. The number of eateries has since increased to seven, said Rasheid, noting that it is among the most of any center the North Carolina-based company operates.

The chief draw for Tanger, she said, is its collection of “prestigious brands we have including Under Armour, Vera Bradley, Vineyard Vines and Michael Kors, just to name a few.”

“Tanger exposed the community to brands that people used to have to drive an hour or more to get to,” she said.

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