7/30/2010 4:01PM ET 36.06 -0.46
ALLETE Properties
since 1991.
Property in High-Growth Areas
Our two major developments in Florida are Town Center and Palm Coast Park. A third development project, Ormond Crossings, is in the permitting and planning stage.
ALLETE Properties' three primary developments in the Flagler County area are:
Town Center at Palm Coast
A mixed-use development with a neo-traditional downtown design. Flanked by Interstate 95 and surrounded by major arterial roads, infrastructure at this development was essentially completed in 2006. The development was selected as the site for the City of Palm Coast's new city hall and is adjacent to the local hospital, county airport and high school.
Palm Coast Park
A mixed-use development in northwest Palm Coast along U.S. Highway 1, one mile south of its intersection with Interstate 95, with major rail line access. Major infrastructure construction here was substantially complete at the end of 2007. At build-out, the project is expected to include 4,000 residential units, 3.2 million square feet of non-residential space and certain public facilities.
Ormond Crossings
Ormond Crossings is a mixed-use development of about 6,000 acres located along Interstate 95 at its interchange with U.S. Highway 1, in northwest Ormond Beach. This property has three miles of frontage on the east and west sides of Interstate 95 and will have two main entrances, each within a mile of an existing U.S. Highway 1 and Interstate 95 interchange.