Construction in the Fort Walton Beach vicinity of Florida is continuing as a South Walton road is changing to a one-way street with the addition of more parking spaces. Hotz Avenue, a road in Grayton Beach, will undergo 75 days of construction that began on December 17, 2018. The project will not only change the direction of traffic, but it will also add water purification systems and additional drainage, remove asphalt and repave the street's surface. There are several reasons why Walton County is pursuing the road renovation. Traffic is growing in the area, especially during high season, and stormwater issues have recurred nearby.
The Fort Walton Beach area of Florida continues to see substantial construction activity as two more developers in the state have announced new plans to build a senior living facility in the region. The St. Joe Co. issued a press release together with the Watercrest Senior Living Group, saying that they plan to open a complex with 107 units near U.S. Highway 98 on St. Joe Island. When completed, the complex will have 75 assisted living units and 32 memory care units. St. Joe will retain majority ownership in the development while Watercrest will be responsible for managing operations.
The South Walton Fire District is getting a new training facility that will be located behind the current fire station. The main purposes of the new building are to store equipment used by the fleet and to train firefighters. According to a support representative from the fire department, each room in the structure will feature a different setting. This will allow trainees to get experience in a diverse array of conditions.
Contractors in Florida may find that they have problems managing cash flow as the construction sector has recently seen significant growth. Typically, a subcontractor will bill the general contractor once a month. Once the general contractor receives bills from the subcontractors, a single invoice is sent to the owner of the property. From there, it could take up to 60 days for the owner to make a payment.
Fort Walton Beach continues to be home to a number of construction projects, with renovations to the Gulfview Hotel expected to be completed by early February 2019. The historic hotel began the project in August 2018, transitioning to become a tourist welcome center for the Okaloosa County development department. The two-story building which dates back 112 years will also be home to a retail store featuring local products operated by the local chamber of commerce. It will include other attractions as well including the Billy Bowlegs Museum and leased meeting and office space.
As construction projects continue to rise in Fort Walton Beach, a local business park could soon be in for improvements. The Fort Walton Beach Commerce and Technology Park wants to set up a business improvement district or Community Redevelopment Agency at the park to generate funds to support improvements to the area. According to the city manager, this kind of agency could fund retrofitting the technology park's buildings to come into compliance with the Americans with Disabilities Act. In addition, the funds could also support the construction of dormitories at the site to serve the tech workers employed there.
Commercial development projects continue to rise in Fort Walton Beach with the opening of an Ulta Beauty store near Uptown Station. The cosmetics store and salon, a branch of a national chain, opened on Oct. 26 after a several-month period in which the facility was under construction. A spokesperson for the chain said that the store carries 500 brands and 20,000 different products as a major national beauty marketer.
Contractors or subcontractors in Florida who have performed work on a construction project but have not been paid may file a claim known as a contractor's lien. Paying invoices sent by contractors on time is the best way to avoid a contractor's lien. If a contractor successfully files a lien against a property, the contractor will be paid from any proceeds that are obtained when the property is sold.
A group of investors claims that a Florida real estate developer abused the EB-5 investor program and bilked them out of millions in a lawsuit filed on Oct. 11 in Palm Beach County. The 90 Chinese plaintiffs are hoping to recover some of their $99.5 million investment in a Jupiter mixed-use real estate development. EB-5 visa holders are promised expedited green card processing when they invest between $500,000 and $1 million in qualified projects. However, their investment does not guarantee that their applications will be successful.
A potential zoning and land use change in Florida has some property owners standing in opposition. A developer from Fort Walton Beach is seeking to combine two lots in Ocean City, at 112 and 116 Monahan Drive N.E. The developer plans to demolish two houses on the lots and build eight townhouses. However, the property owners opposing the requests are concerned that the new townhouses will bring additional traffic and noise as well as add stress to area infrastructure.