- Palm Coast and Flagler County Area
- Golf Courses
- Palm Coast History
- City of Palm Coast Parks and Facili
- Flagler County
- County Parks, Flagler County, Flori
Palm Coast, FL – June 26, 2014 – Rumor: GoToby.com has heard that Atlanta-based Jacoby Group is under contract to purchase several Flagler County properties from Centex Homes. The deal, which is not expected to close before August, is said to include land currently leased and used by Palm Harbor Golf Course as its practice facilities, the Palm Coast Resort project and over 34 acres of land in Marineland.
Jacoby is the development partner of International Speedway Corporation for One Daytona. Preliminary designs for the first phase of One Daytona include "1.1 million square feet of world-class shopping, fine dining, hotel, theater and other entertainment just steps from the 'World Center of Racing'."
Jacoby picked up Marineland after the 2004 hurricane season and revitalized it. It has since been acquired by the Georgia Aquarium.
When Centex abruptly departed the local development scene, it left several undeveloped and incomplete projects behind. Among them are the three that are rumored to be under contract with Jacoby Group.
After exiting northeast Florida in early 2008, Centex was absorbed into Pulte. Centex/Pulte still retains rights to develop 134 additional condominiums at Tidelands, but GoToby.com’s sources did not think those developer rights were part of the rumored Jacoby deal. Tidelands Condominium Association received the Tidelands Club assets (clubhouse, two pools and tennis courts) and 2,000 feet of Intracoastal Waterway frontage as part of its Settlement (Turnover) Agreement with Centex/Pulte in March 2013.
Other projects developed by Centex in the Palm Coast area are Canopy Walk Condominiums, Cinnamon Beach Condominiums and Villas at Hammock Beach (condominiums). Centex was also working to develop Bullow Shores (off John Anderson) but sold that project to the Ginn Company in 2007. Centex built several single-family homes in Palm Coast.
Centex/Pulte did not respond to GoToby.com’s attempt to confirm the veracity of the Jacoby rumor.
Rumor: (noun) a current story or statement without confirmation or certainty as to facts