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Ormond Crossings offers prime sites plus flexibility to meet the needs of your project
The Ormond Crossings Business Park offers tremendous opportunities for manufacturing, distribution, and corporate offices. The proximity to major highways, rail service and local and international airports are all attributes of the Business Park. The Business Park is planned for about 3 million square feet of industrial, distribution/storage, commercial, office and public/institutional uses that will support approximately 10,000 jobs.
The first Ormond Crossings tenant, Security First Insurance, completed their state-of-the-art, 136,000-SF headquarters in November, 2019. Employees can enjoy a stroll through the park-like campus and an easy commute via I-95 or US-1.
Besides the Business Park, the parcels at the entrances to Ormond Crossings include commercial property with US-1 frontage that will accommodate an additional 500,000 square feet of commercial space.
Florida is not only a tourist destination, it is also the 4th ranked state in the country in high technology jobs. The greater Ormond Beach area is part of the Space Coast corridor with economic strengths in aviation and aerospace, consumer products, electronics, medical and biotechnology. The City Commission’s decision to make Ormond Crossings one of its highest priority goals is a testament to the commitment of the City to “smart growth” and economic prosperity.
Community Redevelopment Area Designation
Pursuant to a delegation of power from Volusia County, the City of Ormond Beach created a community redevelopment agency known as North Mainland/Ormond Crossings Community Development Agency (the “CRA”) that includes Ormond Crossings. At the developer’s expense, the CRA previously acquired numerous scattered outparcels within the project site. In addition, the CRA committed to repay the developer for the cost of constructing the entrance to the Business Park. Repayment, in an estimated amount of $7.8 million, plus reasonable interest, will be made as tax increment funds become available to the CRA.
Recent News
Ormond Crossings’ First Development
Ormond Crossings has its first occupant! Security First Insurance had a Grand Opening event Nov. 14. 2019 for their new home, a gleaming 136,000-square-foot, four-story office building.
The building cost was $38.2 million, paid by Security First. The landowner, Tomoka Holdings, paid about $2 million for infrastructure. “That’s a tremendous investment in the future of Ormond Beach,” said Locke Burt, CEO and president.
And there’s still room for growth. The company bought 48 acres in 2017, and only 13 acres have been cleared. Melissa Burt DeVriese, Burt’s daughter and chief administrative officer and legal counsel, said this space could contain a campus of buildings someday. City Economic Developer Brian Rademacher said the available space in Ormond Crossings is one of the attractions for development. Companies can buy as much land as they need for now and the future, rather than trying to fit into developed area.
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