FORT WALTON Beach — City officials have authorized the making allow for 312 luxury apartments that will be a important component of the Freedom Beacon Tech Park on the city’s north conclusion.
Led by The Jay Odom Group LLC, of Destin, the general $250 million enhancement will stand on 52 acres at 1900 Lewis Turner Blvd., just west of the Okaloosa County Courthouse Annex Extension.
In addition to the apartments, the undertaking will contain places to eat and other firms, offices, a 126-area Home2 Suites by Hilton hotel and meeting centre, and a 4-acre park. Work on the hotel will get started this 12 months, in accordance to info from The Jay Odom Group.
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Odom could not be attained for remark about the project. He has formerly explained the whole growth will acquire a lot more than 10 years to total.
“We have reviewed and authorised the building allow submittal for the apartment units, but are waiting on the enhancement submittal for the other foreseeable future phases of the undertaking,” Fort Walton Beach front Expansion Management Director Chris Frassetti stated in an electronic mail Thursday. “We do not have a present-day timeline from the developer for construction nor have we gained any phrase on other long term businesses nonetheless.”
The 52-acre Air Power-owned site was annexed into the city in late 2017 from an unincorporated section of the county. Odom has a 50-year lease from the Air Pressure for the home.
He has explained that he needs to produce his task in Fort Walton Seashore simply because he would like to be portion of the local community and have his advancement receive town law enforcement and hearth safety, town water and sewer and other expert services.
According to The Jay Odom Group web site, the enterprise “intends to install just one of the State of Florida’s tallest flagpoles in the 4-acre park at Flexibility Beacon as a beacon for our army, civilian base employees and the local community, and to inspire patriotism and delight although serving our community’s requires.”
The development will, of system, lead to a lot more website traffic on Lewis Turner Boulevard and other nearby roads.
In accordance to a visitors examine geared up for the town, it is anticipated that a overall of 539 autos will enter and exit the built-out Liberty Beacon enhancement in the course of the afternoon “peak hour” between 5 p.m. and 6 p.m.