- September 20, 2024
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In just two years, The Promenade at Town Center will be open for business, bringing the first major commercial development to the area in years.
The project is six, four-story buildings with a mix of commercial and residential spaces. Project owner Bill Angrick, alongside Mayor David Alfin, city staff and project construction leads held a groundbreaking ceremony for The Promenade on July 12.
The goal of Town Center has always been to be a mix of residential and commercial that allows residents a walkable place to both play and work, Alfin said. It’s been 19 years in the making.
“And now I am here to witness exactly what our Palm Coast pioneers visualized for Town Center,” Alfin said. “[The Promenade] is the exact functional concept we’ve all aimed for.”
Angrick said he estimates the project will be complete by 2026 and open for residential tenants in the second half of 2026.
The Promenade is on 17 acres of land across form Central Park at Town Center and City Hall on the corner of Central Avenue and Bulldog Drive.
The entire ground floor will be a mix of restaurants, businesses and educational centers while the top three floors will have 204 apartments, Angrick said. Angrick is the founder of Persimmon Capital Partners, which owns The Promenade.
“We're attracting emerging growth companies, educational institutions, and then that network of very complimentary retail food and service restaurants,” he said.
The residential floors will have a mix of studio to multi-bedroom apartments, perfect a variety of residents, Angrick said. The Promenade’s housing, he said, will have a range of price points that will be perfect for anyone who wants to have home at The Promenade — from young professionals and young families to retirees.
The Promenade will have “something for everybody,” Angrick said.
“When you think about the transition of an economy, you have to have sustainable responsible growth,” Angrick said. “…You want to be able to build out and blend that growth with young professionals: the teachers, the doctors, the firefighters, the first responders. They all have a role in our growing Town Center community and they will all be welcome.”
The Promenade’s roof will even be available for special events with two rooftop lounges, according to a press release from Palm Coast.
RLH Construction, the company hired to build The Promenade, will be using resilient material, Angrick said, making the buildings storm-resistant, lower maintenance, more insulated from sound and energy efficient for tenants. To be tech-competitive, The Promenade will also have 10-gigabyte internet for the businesses on the ground floor.
Angrick said The Promenade’s team of experts — from construction, to engineers, to the architect — that will help bring the project to life.
“So together,” he said, “this multidisciplinary team is poised to execute the plan. Because plans don't matter — what matters is execution.”
