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Lake Swamp is a regionally significant wetland mitigation bank that is being developed on 1,890 acres that were part of the original Ormond
Crossings master plan. Lake Swamp’s land is located in Flagler County. The Flagler County land was transferred to a related entity and re-planned as a wetland mitigation bank, with about 260 residual acres available for other uses.The first phase of Lake Swamp, containing 1,890 acres, was permitted for about 190 UMAM credits. A planned second phase of the bank, containing 1,000 acres, is expected to produce an additional 100 UMAM credits.
Credits from Lake Swamp may be used within its service area to offset impacts to wetlands regulated by the St. Johns River Water Management District and to U.S. Army Corps of Engineers. The service area for the water management district – Basin 17 (Halifax River) – is located in eastern Flagler and Volusia Counties. The service area for the Corps of Engineers extends north to southern Jacksonville. It is anticipated that approximately 50 mitigation credits will be used for the development of Ormond Crossings with the other credits sold for both public and private development projects within the service area.
Contact Clint Smith current pricing and information: Tel: (386) 931-4496 or Email: csmith@ormondcrossings.com |
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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