You probably weren’t expecting to get a column on fast-food restaurants for Christmas, but it’s the gift that real estate developers want you to enjoy.
The latest to open were the Culver’s and Arby’s just off LPGA Boulevard at Tomoka Town Center in Daytona Beach, but, in the coming months, you’ll see a lot more all over Volusia County.
I recently mentioned how Arby’s seems to be the most active chain and has another one coming on Dunlawton Avenue in Port Orange. Daytona Beach is even getting a Smashburger, one of the trendy burger joints. Also, Chipotle should be opening soon in DeLand. But just in the past two week, plans for several more have popped up.
In Deltona, plans for a McDonald’s have been submitted to the city at 2800 Halifax Crossings Blvd., not far from where a new Burger King is planned. In DeBary, a developer wants to put a Dairy Queen at 70 N. Charles Richard Beall Blvd.
The sub shop chains also are busy with construction already underway on a Jimmy John’s on North Atlantic Avenue in Daytona Beach. Build out also has started for a Firehouse Subs at the new strip center in front of the Super Target on Dunlawton Avenue in Port Orange.
I’m sure there will be a lot more showing up on the planning boards with more shopping centers in the works in the area. Shopping center developers always seem to like having fast-food places at the front of their centers.
I know we’re getting a Bonefish Grill and Metro Diner in front of Volusia Mall, but couldn’t we get a couple of other places people seem to like, such as Ruth’s Chris Steakhouse or Cheesecake Factory?
Apparently it was Blah-toberfest as bed tax collections were up just slightly in October in Volusia County, 1.9 percent from Oct. 2017. The Halifax area was down slightly, but Southeast and West Volusia were up. The hospitality industry continues to grow, though, with International Speedway Boulevard announcing The Daytona, a Marriott Signature Hotel, will open this spring. Marriott online booking indicates it will be April. A City Manager's report shows Atlantic Cove hotel at 711 S. Atlantic Ave. in Ormond Beach has closed and renovations have begun to turn it into a Hilton Home 2 Suites hotel.
Sparton Corp., which has a plant in DeLeon Springs, is getting bought out by an affiliate of Cerberus Capital Management, which will buy all outstanding shares of Sparton’s common stock for $18.50 per in cash, a 41 percent premium over Sparton's closing price Dec. 11, making the deal worth $181.9 million.
In commercial real estate news, Peachtree Hotel Group of Atlanta has acquired the Homewood Suites hotel on Bill France Boulevard in Daytona Beach from Blackstone Properties for $11.389 million. A Great Neck, N.Y., investor has acquired the new Tire Kingdom property on Beville Road in Daytona Beach for $2.659 million. Kellys Automotive has sold adjacent vacant land at 1280 Doyle Road in Deltona for $550,000 to Orlando real estate investor. S&B Holdings of Orlando has bought the Boston Fish House property at 1414 S. Atlantic Ave. in New Smyrna Beach for $1.537 million. Kelly’s Automotive has sold adjacent vacant land at 1280 Doyle Road in Deltona for $550,000 to an Orlando real estate investor. And something to keep an eye on, a Mobile, Ala., area real estate developer has bought a large block of commercial and residential property along State Road 44 and Corbin Park Road in New Smyrna Beach for $2.275 million.
New residential development also has been flooding in with plans submitted to the city the first phase of a subdivision along the south end of LPGA Boulevard, which would have 199 lots just north of West International Speedway Boulevard in Daytona Beach. Plans have resurfaced for Sparkman Ridge, a 154 lot subdivision along West Rhode Island Avenue in Orange City.
A couple of final notes: A plan has been submitted to the city to greatly expand LaQuinta at 2750 W. International Speedway Blvd. in Daytona Beach, including tearing down and rebuilding the Ker's Winghouse. Also, a developer is planning to rehabilitate and expand the skating rink at 1680 Doyle Road in Deltona.
Managing Editor Cecil G. Brumley has been tracking business and the economy in Volusia County for more than 21 years. Contact him at firstname.lastname@example.org (no hyphen) or follow him on Twitter @cecilbrumley.