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

Land firm proposes big distribution center
Rating: 3.21 / 5 (19 votes)  
Posted: 2014 Feb 21 - 06:01

Overall business was starting to slow down as it usually does going into Speed Weeks, so I guess Consolidated-Tomoka Land Co. decided to try sliding into the draft unnoticed.

The Daytona Beach-based real estate company has filed plans with the St. Johns River Water Management District for a three-building, 631,520-square-foot distribution center on the east side of Interstate 95 and north of Dunn Avenue. With our early production schedule, I didn't get a chance to contact Consolidate-Tomoka officials about the project, but since it was only referred to as "Distribution Center" or "Project Alpha," I doubt they would give out any details, like for whom are they building the distribution center.

As I read through the minute details of drainage and soil studies and other engineering stuff, I kept wondering how can you really give full disclosure to the water management district without telling it what's going to be distributed, especially if it involves hazardous materials?

Hopefully it's something much less toxic, because a distribution center that size will create a lot of jobs, especially if it's not just an expansion for an existing business. But therein lies the conundrum between private business trying to do something without its competitors, and sometimes its employees, finding out and public economic development where residents should have the right to know what is coming into their midst.

Considering the place will have high visibility right along I-95, you really don't want it to cast another pall on the area's image.

***

All the big commercial real estate news lately seems to be in West Volusia. The biggest deal was an Aventura investor buying the shopping center that's kind of an extension of the West Volusia Towne Centre, which is anchored by Kohl's. The deal brought $4.1 million for the strip center on Harley Strickland Boulevard in Orange City that has a Dollar Tree and Planet Smoothie.

Denver-based Millennium Venture Group sold its last Dollar General in Volusia County to private investors for $1.83 million The store in DeBary, the eighth built by MVG in Volusia, may be the last one the company builds in the county. Dollar General has partnered with other developers on stores as it has exploded in Volusia. Hix Snedeker Co. of Daphne, Ala., (a suburb of Mobile) has begun construction at 2745 N. Atlantic Ave., Daytona Beach, on what surely will be the last new Dollar General for a while in the area. It will be the Tennessee company's 27th store in Volusia. If you're tracking the dollar store wars, it's winning since Family Dollar has 23 stores in the county.

Also John Keeler of Sanford has bought the 100 E. New York Ave. bank building in DeLand for $1.41 million. Most notably, the building houses Main Street Grill.

One other item of note, it looks like the owner of the biggest eyesore in Volusia County is finally making some progress on improving it. Treasure Island Resort in Daytona Beach Shores is getting spruced up, not enough to reopen it, but at least enough that the company could get a partner for that or a buyer to take the property off its hands.

Managing Editor Cecil G. Brumley has been tracking business and the economy in Volusia County for more than 17 years. Contact him at cbrumley@hometownnewsol.com or follow him on Twitter @cecilbrumley.




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