August 28, 2014

Economic Yearbook 2006 - Space Coast

A Surge in Interest

Floida's Space Coast increasingly draws new residents from within the state.

Diane Sears | 4/1/2006

Palm Coast

Created in the 1970s, the community has seen an out-migration of retirees leaving single-family homes to enter assisted living facilities. Since those are scarce in Palm Coast, residents have had to move to other areas. The city is encouraging new development of elderly housing, says City Manager Richard Kelton. ... The city hit such a peak in permits for new single-family homes in 2004 that when sales fell back to normal levels last year, permits were down by about 30%, "which was not necessarily a bad thing from our standpoint," says Kelton. ... Commercial development is starting to catch up to the residential crunch, Kelton says. One project will put a retail-restaurant town center at Interstate 95 and the Palm Coast Parkway interchange. ... Palm Coast Resort is under redevelopment, with demolition of the old hotel completed and construction under way on the new buildings.

Population Charts:

Tags: Space Coast

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single ditgital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Space Launch System
Space Launch System

NASA is ready to move forward with the development of the Space Launch System -- an advanced heavy-lift launch vehicle that will provide an entirely new national capability for human exploration beyond Earth's orbit. 

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Were you satisfied with the results of Tuesday's primary? (comments welcome!)

  • Yes
  • No

See Results

Ballot Box
Subscribe