FORT WALTON Beach — City officers have accepted the developing permit for 312 luxury residences that will be a big aspect of the Liberty Beacon Tech Park on the city’s north stop.
Led by The Jay Odom Group LLC, of Destin, the over-all $250 million advancement will stand on 52 acres at 1900 Lewis Turner Blvd., just west of the Okaloosa County Courthouse Annex Extension.
In addition to the residences, the challenge will incorporate restaurants and other organizations, offices, a 126-place Property2 Suites by Hilton hotel and meeting heart, and a 4-acre park. Perform on the resort will commence this year, in accordance to information from The Jay Odom Group.
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Odom could not be arrived at for remark about the project. He has earlier explained the complete enhancement will get far more than 10 years to total.
“We have reviewed and accepted the constructing allow submittal for the apartment models, but are waiting on the enhancement submittal for the other long term phases of the project,” Fort Walton Seashore Expansion Management Director Chris Frassetti claimed in an e mail Thursday. “We do not have a current timeline from the developer for construction nor have we been given any phrase on other foreseeable future companies nonetheless.”
The 52-acre Air Force-owned site was annexed into the city in late 2017 from an unincorporated aspect of the county. Odom has a 50-year lease from the Air Force for the house.
He has mentioned that he needs to develop his venture in Fort Walton Seaside because he would like to be element of the group and have his development acquire metropolis law enforcement and fireplace security, metropolis water and sewer and other providers.
According to The Jay Odom Team web-site, the corporation “intends to put in one of the Point out of Florida’s tallest flagpoles in the 4-acre park at Independence Beacon as a beacon for our navy, civilian foundation employees and the nearby community, and to inspire patriotism and delight even though serving our community’s demands.”
The improvement will, of course, direct to additional targeted traffic on Lewis Turner Boulevard and other nearby roadways.
In accordance to a website traffic examine prepared for the town, it is anticipated that a full of 539 motor vehicles will enter and exit the constructed-out Independence Beacon enhancement in the course of the afternoon “peak hour” amongst 5 p.m. and 6 p.m.