Downtown Daytona Seaside getting new residences, parking garage

DAYTONA BEACH — Downtown Daytona Seashore is on track to get at least 200 new residences and 500 new parking areas, additions to the city’s historic main that many hope will spark more new housing, stores, dining places and parking.

Far more:Downtown Daytona Beach front condominium and garage task headed back to commissioners

Although the city’s west facet has had so significantly new residential and professional growth around the earlier ten years it can be tough to preserve observe of it all, the area concerning Ridgewood Avenue and the riverfront has had just about no new design or redevelopment for 50 percent a century.

That development drought ended Wednesday evening with city commissioners’ unanimous approval of a Tampa-dependent developer’s proposal to create an condominium developing and parking garage on a primarily vacant 6-acre internet site fronting Ridgewood Avenue just north of Worldwide Speedway Boulevard.

The Framework Group will now be expected to document that its development price is at the very least $60 million, and adhere to a promise that the firm will “use its most effective efforts” to establish the apartment complex and parking structure inside five a long time of all its needed permits being issued.

More:Daytona fee ponders downtown developer’s ask for for $10.5 million tax crack