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.