Real Estate Development in Destin, FL
After waiting almost six years since the housing bust, developers are ready to invest in Destin, FL real estate again. Several projects have already been slated as the anticipation grows for this desirable vacation destination.
“We’ve still got plenty to do,” Community Development Director, Ken Gallander, told The Destin Log. “We are working on our comprehensive plan and other long-term planning goals….People seem to be reinvesting in what they already have.” he added. “Destin is going to set itself up as a place where there are a whole lot of things to do…People want to be around the water, they love it…The harbor is the No. 1 spot — it has a broad-based appeal.”
Redevelopment will also play a key role in the renovation efforts. Many older buildings will probably be replaced with newer homes to satisfy the high demand for housing variety.
Here is a list of development projects in Destin, FL:
Beach Pointe Condominiums II
This five-story building will be located on Crystal Beach, south of Scenic Highway 98.
This project boasts two five-story buildings with 80 units, also on Crystal Beach.
This building will be 15 stories high with 28 condo units and 99 hotel rooms.
Henderson Beach Resort
This building – located on 13 acres along Crystal Beach – will be 60-feet tall and contain 313 condo units.
While these projects were all approved several years ago, progress was stalled due to the recession. However, thanks to wide-spread optimism based on real estate market data that has been collected and analyzed over the past 12 months, developers are ready to restart construction.
If you would like to begin your search for homes in Destin, FL, contact Kerry Veach. Kerry is an experienced Realtor who can help you buy or sell real estate in Destin, FL. With over 1,000 closings and a full-time real estate team, it’s no wonder that 95% of Kerry’s business comes from referrals.