Avalon Park Group Submits Comprehensive Plan Amendment to Build Largest Master Planned Community in Daytona Beach

Avalon Park Group Submits Comprehensive Plan Amendment to Build Largest Master Planned Community in Daytona Beach

Avalon Park Group Proposes to Build a  New Town from Scratch

 Daytona Beach, FL. (March 26, 2020) – Avalon Park Group/sitEX submitted a comprehensive plan amendment to the city of Daytona Beach today to bring one of the largest master planned communities in Florida to Daytona Beach.

Avalon Park Group/sitEX, which set the standard for mixed-use developments with its award-winning master planned community, Avalon Park in Orlando, plans to develop Avalon Park Daytona Beach as a mixed-use project.  More than 2,600 acres of land are under contract with Consolidated- Tomoka Land Co [NYSE:CTO] on State Road 40, just west of Interstate 95 and south of West Granada Boulevard/State Road 40, next to Latitude Margaritaville.

The proposed amendment will permit 730,000 square feet of retail space, 270,000 square feet of office space, 5,000 multi-family units, 1,650 single family attached units, and 3,350 single family detached units.  The proposed new town will include a variety of uses as permitted in the Mixed Use Future Land Use classification, including but not limited to commercial, retail, multi-family residential, single-family residential, educational and recreational uses, all intended to bring forward a comprehensive downtown within the project.

“Building a town of this magnitude allows us to build in a compact and contiguous manner that discourages urban sprawl and has a much lighter environmental impact than typical suburban development,” says Beat Kahli, CEO, Avalon Park Group/sitEX.

Avalon Park Group/sitEX has worked over the past 90 days with the City of Daytona Beach to develop a comprehensive plan that meets their growth objectives.  Avalon Park Daytona Beach plans to develop a compact, walkable, mixed-use and interconnected community, that achieves efficient use of land and infrastructure costs.  Additionally, the plan preserves large contiguous space for conservation lands, utilizes a network of interconnected streets to reduce number and length of automobile trip and conserving energy.  This all creates walkable neighborhoods all centrally located around a downtown commercial center for all ages to live, learn, work and play.

Avalon Park Group/sitEX will work closely with local governments, as it historically has done, to ensure its community maintains high standards for infrastructure, transportation and education. Since inception, Avalon Park Group/sitEX has invested more than $100 million into public/private partnerships to build roads, schools and community amenities.

“The design of Avalon Park Daytona Beach creates a sense of place and belonging for its residents,” says Ross Halle, Senior Vice President, Avalon Park Group/sitEX. “Incorporating design principles of traditional neighborhood design is not only smart for development but builds a complete town where people can call home.”

About Avalon Park Group

Avalon Park Group is a uniquely diversified family of companies engaged in businesses ranging from master-planned community development, to home building, mining and property management, in Florida, Texas and Switzerland. With more than $1 billion in total assets, Avalon Park Group combines its exceptional reputation, sound business experience and significant financial resources to invest in extraordinary opportunities. At Avalon Park Group, our mission is to change the way the world lives, learns, works and plays through creating healthy sustainable communities and every aspect thereof. Avalon Park Group develops communities like Avalon Park, where our residential villages are surrounded by preservation, fields, and ponds that are interconnected by roadways, pedestrian walks, and trails that provide effortless access to For more information on Avalon Park Group, visit www.AvalonParkGroup.com or call 407-658-6565.

Contact: Beat Kahli, Avalon Park Group, 321-229-4116 or Stephanie Lerret, Avalon Park Group, 407-427-6073.



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Investment into sitEX Properties Holding AG, a publicly traded Swiss real estate development company with activities in Northwest Switzerland, Central Florida and Texas. Largest shareholder. Top performing publicly traded company in Switzerland with a 10-yr IRR of 19.4%.