Freedom Beacon Park
Freedom Beacon Park will transform the north side of the City of Fort Walton Beach into a bustling commerce center bringing jobs, shopping, entertainment, housing, and hotel rooms accommodations. The leased land will be developed into a master designed, mixed-use complex with 288 multi-family luxury residences, 102 room hotel, 55,000 sq ft of road frontage for restaurants and retail space, 160,000 sq ft of Class A office space, and an impressive 4-acre recreational park. The Jay Odom Group also plans to re-take the title for Florida’s Tallest Flag in the center of Freedom Beacon Park.
On November 27th, 2018, The Jay Odom Group executed a 50-year ground lease through the U.S. Air Force Enhanced Use Lease Program. Along Eglin Air Force Base’s southern perimeter, the 52-acre tract of land is located at 1900 Lewis Turner Blvd. in Fort Walton Beach, Florida. The Jay Odom group also annexed the property into the city Fort Walton Beach which grants it access to first responder, water, and sewer services which adds new revenue to the City through property taxes, development fees, building permit fees, utility and stormwater usage fees. The Lease also benefits the Air Force by allowing them to collect rent on under-utilized, non-excess Air Force real estate and all rent for the Freedom Beacon Project will be used locally to fund base infrastructure.
The groundbreaking ceremony was held at the property on December 21st, 2018 at 10:00 am.
HAMMOCK BAY – 3,000-Acre Master-Planned Community
(Residential Master-Planned Community with Bay Frontage)
Hammock Bay is a highly anticipated 3,000-acre master-planned community with bay frontage on Choctawhatchee Bay, located in Freeport, Florida. With over 1,400 residential lots developed to date, this full-service development includes a 60-acre sports and recreation park, 400-unit apartment site, 30-acre future school site, as well as a town center, lakeside clubhouse, fitness center, two community pools and over 14 miles of bike and hiking paths. Situated along 26 lakes for recreational activity, the entire Hammock Bay project is 3,000 acres approved for over 6,000 units in density, offering privacy and space.
Financial Highlights include:
- $30M financing secured in bank loans
- $17M bond issue sold out in 30 minutes after creating a Community Development District for infrastructure for initial 500 lots
- Over $80M spent on infrastructure and amenities to date
Visit Hammock Bay’s website at https://www.hammockbayfl.com/