Hunter’s Ridge in Ormond Beach gearing up to proceed on DRI with Unanimous County Commission Vote
Ormond Beach, Fla. — The Flagler County Commission recently voted unanimously to lift the hold imposed five years ago on the Hunter’s Ridge DRI, now positioning the mixed-use project for immediate development on SR 40 three miles west of Interstate 95 on the Flagler-Volusia border.
Marisol Santiago Soderstrom and John Kurtz of Premier Sotheby’s International Realty in Lake Mary, brokers of record for the project, said the DRI was held up in 2011 until impact issues and other concerns were ironed out. The real estate market had then softened so developers decided to coast awhile to do more research and planning.
At the Dec. 5 county commission meeting the project was in full compliance. All four commissioners voted for Hunter’s Ridge to proceed with the 5,000-acre updated DRI (development of regional impact) that includes 1,900 acres designated as a recreational park to be deeded over to Flagler County early next year, an important aspect of the DRI sanction, Kurtz said.
“The commissioners expressed delight that this development will be moving forward and that it would be a community they’ll be proud of,” said Allan Feker, principal of U.S. Capital Alliance, developer. Feker has been developing and investing in real estate projects in Florida, including Golden Ocala, for some 30 years.
Kim Booker, Attorney for U.S. Capital Alliance, said her team has been working closely with the County staff and council for most of the year to get the lingering issues ironed out. “We are very happy and thankful for the hard work of everyone at Flagler County, and look forward to their continued support,” said Booker.
“We are excited about the resurgence of Hunter’s Ridge and believe that the development’s connection to a large regional park and preserve will create a unique and desirable community within which to live, work and play,” said Craig Coffey, Flagler County Administrator.
The remaining 3,100 acres at Hunter’s Ridge provides entitlements for approximately 1,900 residential units and 600,000 square feet of commercial space, according to Kurtz.
International Commercial Investment Specialists Soderstrom and Kurtz are heading a campaign to market the property globally. “Hunter’s Ridge is going to be an economic engine for the Flagler-Volusia area,” Kurtz said. “Area demographics are strong.”
Hunter’s Ridge is located minutes from the Florida Memorial Hospital, along with major medical complexes, retail and dining. The Daytona Beach International Airport and Speedway are also nearby.
“With all of these factors along with the uptick in the real estate market, we are confident Hunter’s Ridge will be a great success,” Soderstrom said.
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For media information contact:
John Kurtz, International Commercial Investment Specialist, Premier Sotheby’s International Realty 407-333-1900 John.Kurtz@premiersir.com
Marisol Santiago Soderstrom, International Commercial Investment Specialist Premier Sotheby’s International Realty, 407-333-1900; Marisol.email@example.com
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 Lvershelco@aol.com.