Commercial 30 West Mixed Use on Hwy 98 at West 30A By Howard Group

[Mike Jones]

Hello! Thank you for sharing this information. Do you happen to have a link where I could find any updates about this project?

Experience

experience.arcgis.com

 

[kyleresq]

It looks like this is back in front of the commission tomorrow - any idea what is new? And are the 717 units apartments? I feel that 98 is apartment saturated and I am thinking that the occupancy on each is low. Love the idea of some mixed use markets and shops though. MAYBE something other than a Publix?

 

[Jane]

Fresh Market please!!!

Apartments near a Grand Boulevard type deal will be in demand I think.

 

[PJJ]

For the past 2 years, largely due to the constant new deliveries, about 1/3 of the apartments in south Walton are vacant. Rents over that period have been flat or falling as well. The only 2 projects with what the industry would consider stabilized occupancy (loose term in this market but call it sub 10% vacancy) are Terra Mar and Sanctuary at 331. Those 2 are the cheapest per square foot in the market and about 10% below market. They've also been consistently lowering rents get leases signed.