Riverwalk Port Orange
A Unique 11.4 Acre Waterfront Mixed-Use Development Site
Marketing description
Colliers, as exclusive adviser to the City of Port Orange, is pleased to offer the Port Orange Riverwalk; a unique 11.4 +/- acre, waterfront, mixed-use development site in Port Orange, FL on the banks of the Halifax River (Intracoastal Waterway) and at the foot of the Port Orange Causeway Bridge providing direct access to Daytona Beach Shores, and Ponce Inlet. Located within a Qualified Opportunity Zone (QOZ) at the NE corner of Ridgewood Avenue (US Highway 1) and Dunlawton Avenue aka Jimmy Buffett Memorial Highway and with 1000’ linear feet of water frontage on the Halifax River, this 22-parcel assemblage presents a compelling public-private development opportunity to create a new, vibrant mixed-use destination along the Halifax River and next to one of Florida’s most famous Atlantic Coast beaches.
The offering memorandum and data room are being hosted on Revere. Contact David Calcanis and Casey Babb for more information.
Investment highlights
The site is within the Port Orange Town Center (POTC) Community Redevelopment District. Working in partnership with the Community Redevelopment Agency (CRA), the district was created in 1998 to govern 271 acres of land situated in a critical area of Eastern Port Orange which historically served as the commercial core of the City.
The vision of the district and the CRA’s primary goal with this site and others nearby is to create a signature mixed-use waterfront destination that reestablishes Port Orange’s image as a premier waterfront community and become a catalyst for new growth throughout the City.
The underlying zoning is Port Orange Riverwalk Mixed-Use (PC-R) which allows for integration of a variety of uses including commercial, retail, hotel, office, maritime, civic and high-density residential (up to 32 du/ac).
The City maintains substantial flexibility over zoning and various soft funding mechanisms and will utilize all of its subsidies, grants or other non-repayable financial support in order to accomplish the vision to create a high-quality mixed-use project that benefits the residents of Port Orange and the developer.
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