Volusia County Property
Appraiser Morgan Gilreath thinks an economic truism has been turned on its
head right here in Volusia County.
Usually, construction follows
the economy, which means that an economic boom leads to a construction
boom. But while the national economy was faltering in recent years, the
construction industry in this area was experiencing an unprecedented boom.
Finally, in the most recent quarter, national economic indicators suddenly
showed up with figures that hadn't been seen since the 1980s - the best
they've been in years. For once, Gilreath said, it looks like the
construction improvements presaged the general economic figures.
"Real estate, contrary to
common wisdom about the way things work, appears to have been leading the
economy," he said. "From the analysis we've seen, we don't see a slow down
(of the construction boom) at all in the foreseeable future. We're going
to see an increase in construction for some time to come."
The booming construction
activity isn't limited to any one area of the county. In every corner of
Volusia, building is transforming once-remote rural landscape into
industrial parks, medical office complexes or upscale housing
developments.
Back in the core area of the
longest-established city in the county, the once-dominant Daytona Beach
downtown area, ground breaking on the $29-million News-Journal Center is
scheduled for January. Greg France, who took over as the city's chief
building official last summer, said he's convinced that once the
riverfront lively arts complex opens it finally will help produce the
rejuvenated down-town area city leaders have been striving to produce for
decades.

Architectural model of the
News-Journal Center riverfront lively arts complex
France, who comes from
Baltimore, sees the addition of the riverfront theater and arts center as
the kind of attraction that Baltimore used as a base for its very
successful downtown redevelopment. "It's going to have an enormous impact
on the community," he predicted.
He's just as enthusiastic
about another project set to begin in the near future ‹ the expansion of
the Ocean Center, another major project that's been in the offing for some
time.
Meanwhile, the ongoing
redevelopment of the city's core beachside tourist area continued with the
$47-million Ocean Walk North Tower project granted its permit.
Other construction activity in
the first three quarters of 2003 was a little more mundane, without the
news value of major projects aimed at creating a new public landmark.
Current projects are the kind of 'meat and potatoes' of construction,
including a $7-million expansion of Wal-Mart on Beville Road along with a
$1.5-million addition to Sam's Club in the same area and a slew of
condominium projects along Atlantic Avenue, ranging in price from $14
million to $50 million.
On the west side of the
county, Volusia's largest city, Deltona, is experiencing its own growth
spurt - almost entirely residential. While Daytona Beach's building
department issued a mere 15 residential permits for the entire third
quarter, with a value of $2,492,615, Deltona issued permits for 379 new
single family homes with a total value of $59,986,633.
"We're looking at about 1,400
houses (scheduled to be built) in the first three quarters of 2003," said
Cy Butts, Deltona's building official. He added this is an increase of 200
permits over the same period in 2002. Deltona, with a population of
76,322, issued a few, modest commercial projects for the third quarter
including a video store and a CVS drugstore. Butts doesn't see that
balance changing in the near future.
In DeLand, Dale Arrington, the
community development director, reports plans are moving forward for "two
massive subdivisions" in the Lake Winnemisett area, and another on
hundreds of acres on S.R. 44. And after five years in development,
Victoria Park, which eventually will include 10,000 new residents in the
most ambitious such project in the city, already has 91 new homes occupied
as construction continues on the rest of the massive 1,800-acre community.
Arrington said construction is
set for additional commercial space at the city's airport industrial park
and for a bus depot near the historic downtown center. And the Wal-Mart
Supercenter opened in October, which officials have predicted will lead to
further construction as other retailers cluster around to tag on to the
behemoth's coattails.
In New Smyrna Beach, the boom
is largely residential ‹ with condominiums dominating the rapidly changing
landscape of the once sleepy seaside town. In October, Richard McFadden,
the city's chief building official, reported: "We're averaging $6 million
per month in new construction costs coming through this office." Just in
the third quarter alone, McFadden's office reports that 137 residential
permits were issued for a total dollar value of $6.746 million.
In fact, so far this year, new
permits to build housing units of all types have more than doubled over
last year's figures. The largest of the condominium projects under
construction, Minorca, is expanding with the latest in its series of
buildings going up now.
The explosion in residential
construction is helping to pay for civic construction to enhance the
amenities offered by the city, McFadden said, including the soon-to-be
completed $1.3-million Babe James Center, and an expanded $3.3-million
municipal stadium complex.
In Port Orange, Volusia
County's third largest city, Donna Steinbach, director of community
development, said: "We have a tremendous number of developments in our
city. We have 23 residential projects under way, just for starters."
Construction is also on the
rise in Ormond Beach, in northeast Volusia County, with both residential
and commercial projects creating an atmosphere of prosperous growth that
the city's building official, Bob Dunn, calls "wonderful."
Dunn said there is a plethora
of major projects including Kane's new distribution center. At 44,000
square feet, it will be the third largest in the state. An air-traffic
control tower at the city's airport will lead to further expansion at that
facility, Dunn said.
He also points to the
continuing enhancements and construction of an additional upscale retail
store in The Trails Shopping Center, to be occupied by Jos. A. Banks
Clothiers, as an indication of the city's continued growth and economic
vitality.