Edgewater mulls first Community Development District

Miami /
Aug.August 18, 2014 10:00 AM

The owners of Deering Park Center, an almost 900-acre tract west of Interstate 95 in Edgewater, are lobbying city officials to create a special tax district on their property.

The owners, Swallowtail LLC, hope the special district would pay for roads, water lines, and other costs for the potential development of up to 1.5 million square feet of nonresidential buildings, according to the Daytona Beach News Journal.

The company has no plans to actually develop the property, however.

“We’re going to continue to work with Edgewater on trying to find an appropriate buyer for something that will make everybody proud,” Glenn Storch, a Daytona Beach attorney representing the company said. “Obviously this is an important piece of property to us, because it’s the gateway in to Farmton.”

Swallowtail is a subsidiary of Miami Corp., which owns 59,000 acres in Brevard and Volusia counties where they have enacted what is known as the Farmton Local Plan. The approved plans allow development of up to 25,000 homes and 4 million square feet of commercial space on up to 19,000 acres, while placing conservation easements on about 40,000 acres, according to the News Journal.

If the Community Development District is approved at Deering Park Center it would be the first in Edgewater’s history, City Manager Tracey Barlow said. [DBNJ] Christopher Cameron


Related Articles

arrow_forward_ios
Commissioner Ken Russell and West Flagler principal Isadore Havenick (Photos via Getty, iStock, Zoom)
Miami commission deals Edgewater jai alai site a winning hand
Miami commission deals Edgewater jai alai site a winning hand
Aerial of Edgewater property with Spider's Andres Goldenberg and Alejandro Eskenazi (Apex Capital Realty)
Spider nixes plans for Edgewater condo project, disposes of dev site for $7M
Spider nixes plans for Edgewater condo project, disposes of dev site for $7M
3333 Biscayne Boulevard (Marcus & Millichap)
Biscayne Boulevard development site in Edgewater lists for $50M
Biscayne Boulevard development site in Edgewater lists for $50M
Norman Braman and Jorge Perez score court victory against Edgewater Jai Alai fronton
Norman Braman and Jorge Perez score court victory against Edgewater Jai Alai fronton
Norman Braman and Jorge Perez score court victory against Edgewater Jai Alai fronton
Diego Colmenero and Charlie Porchetto from Urbanica plan to break ground on Edgewater hotel (Urbanica)
Urbanica completes $9M assemblage for Edgewater hotel
Urbanica completes $9M assemblage for Edgewater hotel
Placeholder image
Miami board approves plans for Related, Crescent Heights towers and rejects Melo’s proposal
Miami board approves plans for Related, Crescent Heights towers and rejects Melo’s proposal
Jon Paul Perez and Russell Galbut with renderings of the projects
Related, Crescent Heights and Melo Group seek approval for Miami projects
Related, Crescent Heights and Melo Group seek approval for Miami projects
The sales center, David Restainer and Reid Boren
Two Roads Development lists Elysee sales center for $6M
Two Roads Development lists Elysee sales center for $6M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...