PALM COAST, FL – November 29, 2016 – Palm Coast City Council today will hear details about a proposed Redevelopment Plan the checkerboard of parcels along the east side of Bulldog Drive north of SR-100. The City owns most of the parcels, obtained as part of the SR-100 Redevelopment Agency Plan. A proposed resolution will approve the sale of the city-owned parcels to Orlando-based Unicor National Developments.
The site plan for the redevelopment proposal includes a Wawa convenience store and gas station. The rest of phase one and phase two are planned to include up to five additional retail buildings totaling 41,000 square feet.
The transaction is complicated because a few of the included parcels are owned by other parties. Unicor will need to assemble the non-city-owned parcels. The ordinance specifies that the area will be divided into two phases. Phase one contains the parcels closest to SR-100 where the Wawa is to be located. The purchase price for phase one has been set at $800,000. Phase two parcels will be sold at a price determined by an appraisal.
Because site plan approvals and permitting can take several months, it is Wawa policy to not confirm a location until construction begins to avoid disappointment if a planned location does not meet company needs.
Wawa, which recently opened its 100th Florida location in Brandon, is privately held. After meeting eligibility requirements, Associates may become part of the Employee Stock Ownership Program. 41% of company stock is reportedly owned by Associate Owners. Wawa employees 4,000 individuals in Florida.
Wawa has developed a loyal following. Over 21 million of its hoagies have been sold to Floridians, enough to stretch between Jacksonville and Miami more than 8 times. Floridians have also consumed 15 million cups of Wawa coffee, enough to fill over three Olympic-sized swimming pools.