From the Orland Business Journal: “Nearly $1B Daytona Beach community inks Margaritaville as partner”
A new massive mixed-use community now on the rise in Daytona Beach may soon become the place to watch the sun bake all of those active adults covered with oil.
Master developer Minto Communities LLC and Margaritaville Holdings Inc. on Feb. 16 announced a partnership to develop new Jimmy Buffett-inspired active-adult communities nationwide — starting with Latitude Margaritaville at LPGA Boulevard and Interstate 95 in Daytona Beach
The 6,900-home active-adult community— a nearly $1 billion project expected to transform Daytona Beach’s landscape— is already under construction and a sales center is expected to open this fall, said a news release.
“We are excited to partner with Minto and believe this relationship will redefine lifestyle destination living in Daytona Beach,” Margaritaville CEO John Cohlan said in a prepared statement. “With Minto’s expertise in creating master-planned developments and Margaritaville’s inherent ability to deliver fun and escapism, Latitude Margaritaville has the exact coordinates for those looking to live the Margaritaville lifestyle as they grow older, but not up.”
The overall project, which was previously called Tomoka, will bring homes, shops, amenities and transportation to nearby vacation destinations and beaches, and thousands of jobs, expected to bring a big boom to Daytona Beach’s residential population, as previously reported by Orlando Business Journal. It’s even been known to be called “The Villages East,” or a smaller version of The Villages in Central Florida.
Daytona Beach’s population growth, in turn, will create more opportunities for businesses.
Meanwhile, the addition of the Margaritaville brand will bring a “no worries” tropical vibe to the community, the release said. Plans include:
- Walkable neighborhoods with a town center
- Fitness center with an aerobics studio, indoor lap pool and spa
- Indoor and outdoor dining with signature Margaritaville food and beverage concepts, plus other concepts
- Arts and learning programs for residents and guests
- A resort pool area with beach entry
- Band shell for live entertainment
- A separate private beachfront club with breathtaking views and beachfront amenities on the Atlantic Ocean, which residents can access via a continuous loop shuttle service.
From the Daytona Beach News Journal Online: “Jimmy Buffett community coming to Daytona”
Canadian developer Minto Communities announced that Buffett’s Margaritaville Holdings company has agreed to become a strategic partner in developing its planned 6,900-home community for residents 55-and-older on the north side of LPGA Boulevard, just west of Interstate 95.
The first homes are expected to be ready for move in by fall 2018, said William Bullock, a senior vice president with Minto.
Prices for homes are expected to range from the “low $200,000s to the mid-$300,000s,” Bullock said. “We want this to be accessible to as many people as possible.”