PALM COAST, FL – October 10, 2019 – The single most asked questions I’ve heard over the 13-plus years of publishing GoToby.com is, “When are we going to get a Costco (or Sam’s Club or BJ’S)?” The answer is, “Not until we have greater residential and commercial density.”
Palm Coast is a city in name only. It’s better defined as a sprawling suburb. It has no high-density residential areas or commercial core. The greatest allowable zoning density in the city is multi-family (MFR-2), which allows 12 residential units per acre. Two new apartment developments are under construction in Town Center, the first multi-family permits in over 50 months. The Palms at Town Center will have 88 units with a density of 8.6 units per acre. Central Landings, totaling 233 units will have 10.2 units per acre.
The new Sam’s Club in Daytona Beach is surrounded by several multi-family zoning districts that allow up to 20 units per acre. Jacksonville, home of the nearest Costco, allows high-density multi-family zones with from 20 to 60 units per acre.
A study (by Peter Testa, University of North Texas) of 10 new Costco openings in Texas between 2000 and 2014 shows that only one had a 27-minute drive time area containing fewer than 1 million residents. Rockwall, Texas had only 977,897. Flagler County has 112,067 residents (July 1, 2018).
The Jacksonville Costco on Gate Pkwy is surrounded by high-density retail, business, and residential. So too is the new Sam’s Club in Daytona Beach. The following three-mile views from Google Earth tell the story.
Jacksonville Costco 3-Mile Radius
Daytona Beach Sam’s Club 3-Mile Radius
Palm Coast Town Center (Landings) 3-Mile Radius
Toby Tobin: REALTOR®, SRES®
I'm a Florida licensed REALTOR®, SRES®, affiliated with Grand Living Realty in Palm Coast, Fla. As a real estate consultant and journalist, I have years of experience and a treasure trove of relevant data. I help developers, builders, homebuyers, and sellers achieve improved outcomes with reduced stress, knowing that their real estate decisions are sound and fact-based.
Call me at (386) 931-7124 or email me at Toby@GoToby.com.
Listen to my radio show, Real Estate Matters, every Saturday morning right after the 11:00 A.M. news break on WNZF News Radio 1550 AM or 94.9 FM. Download the Flagler Radio App from the App Store so you can hear Real Estate Matters anywhere in the world.