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Now browsing: Hometown News > Business & Finance > Volusia County

Empty buildings filling void in economy
Rating: 3.95 / 5 (61 votes)  
Posted: 2013 May 17 - 06:01

By Cecil G. Brumley

For Hometown News

Nothing says economic improvement like empty buildings getting new use and hopefully we'll see a lot of it in the next few months.

Everyone who likes to dine on the Halifax River should give JC's River Deck a try at 115 Main St. in Daytona Beach. Originally The Wreck, a few restaurants have gone through the place over the years, but hopefully this one will stick with some help from local diners. It also is seeking outdoor food and alcohol service so it can handle as many diners as possible.

The declared owner of the Treasure Island Inn is saying it will be rebuilt or demolished and replaced. Either way, it's an eyesore that long needed removal. The property went through a lot of turmoil before a judge ruled RAIT Financial Trust is the owner of the 2025 S. Atlantic Ave. property. Hopefully the biggest eyesore on the beach will be gone.

The News-Journal reported a company called True Science Holdings has leased the former Crane Cams building at 530 Fentress Blvd. in Daytona Beach, which would fill another big, empty building. However, the online magazine "Ripoff Report" claims True Science has improperly acquired pet medicine from veterinarians and then reselling it. The report states the owner of True Science previously owned WTF Wholesale, which is being sued by more than 15 veterinarians.

While that one may or may not work out so well, you can bet with big news like Hard Rock coming and Daytona Beach getting huge events like the Shriners convention, this area will continue to see a lot of empty buildings getting filled up.

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Fort Myers' loss is DeLand's gain as Pall Corp. is shutting its facility in Southwest Florida and will move some of the operation to its plant in Volusia County. It is urging its 255 employees there to consider relocating to DeLand or New Port Richey, where the rest of the operation is going. The move is expected to be completed by the end of the year, the Fort Myers News-Press reported.

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Apparently the long, cold winter sent bikers from the north in droves to Volusia County this year. Bed tax collections countywide were at about $1.137 million in March, up 4.5 percent from March 2012 and the highest amount since February 2008. The big surprise was in the Halifax area with a 5.7 percent increase. Of course, some of that could have been late payments from February, but it still shows Bike Week was a great success this year.

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As the Protogroup continues with its plan for a huge resort in the 400 and 500 blocks of North Atlantic Avenue in Daytona Beach, it has bought the office building (former pharmacy) at 501 N. Atlantic Ave. Under the name Daytona Parking Garage, hmmm, the company paid $1.45 million for it.

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A Daytona Beach investor has bought the Clarion Hotel, the largest lodging property in DeLand, for $2.6 million. The hotel at 350 E. International Speedway Blvd. previously was a Holiday Inn.

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Amscot is going into a strip center at 1425 W. Granada Blvd., Ormond Beach. Other tenants are Starbucks and Papa John's Pizza.

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Sparton Corp., which makes sonobuoys in DeLeon Springs, reported increased revenue, but slightly lower net income in its latest financial quarter. The company blamed a slowdown in foreign sales of the underwater detection devices. However, its medical business continues to improve and the company's board has enough confidence that it approved a $3 million stock buyback.

Managing Editor Cecil G. Brumley has been tracking business in Volusia County for more than 16 years. Contact him at cbrumley@hometownnewsol.com or follow him on Twitter @cecilbrumley.




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