As a result of the growing population and record setting high tourist rate, Volusia County is expecting a significant increase in retail development in the upcoming year.
The retail projects combined are expected to total more than 1 million square feet. That includes projects already under construction. The Tanger Outlet Mall is one of the many highly anticipated retail developments. The project will be completed November of this year.
Other projects include, One Daytona, set to be completed by the end of next year. This project will include restaurants, hotel, a luxury apartment community, as well as entertainment venues.
So what does this mean for the Daytona Housing Market? According to Volusia County Property Appraiser Morgan Gilreath,…